Business for sale

Business description

THE BUSINESS
Advent Business Sales are pleased to have been instructed to offer to the market this very well established, popular and profitable guest house, with excellent future potential.

Founded by our clients in 2000, the business is only now being reluctantly offered for sale as they plan to retire.

This very successful guest house attracts both national and international guests, who are regular and long term stayers.

They visit the many nearby blue chip businesses in either Milton Keynes or Bedford. Many are studying at nearby Cranfield University with its emphasis on mature students studying for their MBA’s etc. Other principally weekend guests are drawn to the area by Woburn Abbey, The Safari Park, golf or any of the many attractions of Bedford and Milton Keynes.

The business is a tourist board approved guest house and has been rated with 4 stars. Advertising via web sites ensures they rarely have vacancies during the week with weekend guests accommodated to suit their personal lifestyles.

Both our clients only work part time in the business, which gives them the opportunity to pursue other interests and hobbies. If a couple purchased the business, one could work full time elsewhere, whilst the other ran the guest house with the assistance of some local part time help.

The guest house is extremely well presented throughout, with a new purchaser having nothing to do on take over except trade profitably.

They have 6 letting rooms, 3 doubles, 1 twin and 2 singles. All the rooms are individual in character with en-suite facilities, TV, welcome tray, coffee and a hairdryer.

The guest lounge has an internet connection with wireless broadband. Credit card facilities are also available.
REF: 9029MK

TRADING HOURS
As required by guests
EXPANSION POTENTIAL
The property has many options available including:
1. Obtain planning permission to convert the annex into a 3 bedroom bungalow. We understand that this should be worth an estimated £300,000 if sold.
2. The annex could have an alternative use such as accountants, private dentist, solicitors or as a granny annex for elderly relatives or children.
3. Planning permission currently exists for the erection of a further large detached double garage with a fully self contained bedsit over
4. Turn the main building back to a large 5 bedroom private house and only use the annex and the accommodation above the new garage as rental opportunities. This would still bring in a good monthly income but without any guests encroaching on the main family home.
5. The owners bedroom could also be cut off from the main home and used as a self contained letting room.

BUSINESS PREMISES
Ground Floor
• Guests area entrance porch into the hallway with dining room, lounge and w/c off. Both lounge and dining room have doors opening onto the patios and gardens with views over the countryside
• Bedroom with en suite shower cubicle

First Floor
• 2 double bedrooms and a twin bedroom, all with en-suite facilities
• Annex – entrance to kitchenette leading to one double bedroom and one single bedroom, both with en-suite shower rooms. The annex has its own heating and service facilities as well as its own car park
Private Accommodation
• Lounge with open fireplace and views over the countryside.
• Through to a fully fitted kitchen/dining room
• Separate utility room
• Access door from the kitchen leading to the large double bedroom with full en-suite facilities
• Two car parks, which can accommodate approximately 20 vehicles

This is a quite exceptional property, in an outstanding area, which has so many options available to suit a discerning purchaser.
Early viewing is recommended.

TENURE: Freehold

We are advised that the annual business rates are currently: £2,100