Business for Sale in West Sussex HIGH-QUALITY 11-BEDROOM GUEST HOUSE (SOLD)

Key Information

Reference

H30822T

Tenure

Freehold

Status

Sold

Region

West Sussex

Sector

Bed & Breakfasts

Accommodation

Yes

Business Information

This high-quality guest house is situated in a very popular seaside town near Chichester in West Sussex, and is conveniently located within easy reach of the excellent local shopping centre and a wide range of cafes, pubs, restaurants, leisure facilities and other local amenities. The seafront is also just a short distance away and the area enjoys some of the longest periods of sunshine in the country.

 

The extensive property has undergone considerable investment over the years to reach the current high standard resulting in many glowing online reviews and a 4* Award from Visit England. The guest house stands in its own grounds with an impressive frontage and a large parking area for about 14 cars.

 

The main house contains 6 en-suite guest bedrooms along with the owner’s 3-bedroom self-contained apartment. On the ground floor, there is a bright and spacious breakfast room / garden café with seating for 26 which adjoins the resident’s lounge and bar. There are 5 further ground floor en-suite guest rooms which open directly onto the lovely large secluded garden at the rear of the property which is without doubt a superb feature of the property.

 

The property has been in the same hands since January 2002, and has gone from strength to strength with consistent year on year increases in income. Offering superior bed & breakfast accommodation with prices ranging from £50 for a single room per night rising to £115 for a superior double room in peak season, the business enjoys very good levels of both commercial and tourist trade enabling it to operate all year round.

 

The current owners have already developed an additional income stream with the introduction of quality afternoon teas in the garden café. New owners will also see the potential to promote the use of the facilities for special functions and events such as parties, christenings and baby showers. Up to 40 people can be catered for inside and, if the weather is good, there is also the added attraction of the large garden.

 

The trading performance of the business is impressive with income increasing year on year, rising from £126,753 for the financial year ended 31st March 2012 to £130,994 for the financial year ended 31st March 2013. It is expected that a further increase will be seen on the accounts for the year ended 31^st March 2014. It has been calculated that Net Profits in excess of £60,000 per annum should be available to a working couple based on the current levels of trade.

 

This is an excellent opportunity to acquire a substantial property with a lovely garden in a desirable area together with a thriving profitable business which offers further scope to develop and build on the existing successful levels of trade. Viewing is highly recommended.

 

Freehold £595,000. Ref: H30822T