8 bedroom guest house for sale
Eaton Crescent, Brynmill, Swansea, SA1
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Distances are straight line measurements
- Business for sale
Tenure: Freehold6 LETTING ROOM GUEST HOUSE - SWANSEA
Situated in the desirable area of Uplands, Swansea
Early viewing essential to fully appreciate
2 bedroom owners' accommodation
Advised annual turnover of £72,092
Ideal partnership opportunity
Scope for further development
Genuine reason for sale
This superb guest house is ideally located in an elevated position overlooking the bay and surrounded by complementary businesses. Swansea is the second most populated city in Wales and is popular with holiday makers who flock there for the wide sandy beaches and wealth of attractions, ranging from theatres, historic buildings to the marina and botanical gardens. There is also excellent surfing in the area. The area is easily accessed with the M4 motorway within 5 miles of the city and railway station within a mile and a half of the guest house.
Meridian Business Sales are delighted to offer to the market this well presented guest house which has been established for over 30 years and has been in the careful hands of clients for the last 3½ years. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since our clients took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £72,092 with a gross profit margin of £65,431 which is derived from offering welcoming bed & breakfast services. There is huge scope to increase turnover by introducing evening meals along with obtaining an alcohol licence and by taking advantage of additional space creating more letting rooms. The hotel is extremely popular due to its' location in the business district and its forward bookings run well into 2012. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
Gross profit: £65,431
Stock approximately: £200
We are advised freehold
Hours to suit
Well presented 3 storey property, briefly comprising:
Secure entrance leading to reception area, dining room for 12 covers leading to domestic kitchen with base and wall units, built in hob and oven, microwave, sink unit and commercial freezer/fridge. Toilet with wash basin. Office/lounge with fireplace and glass avery window (potential for additional letting room). Lounge with original features and large bay window.
Basement - Owners accommodation comprising of: Bathroom with bath with shower over, WC and wash basin, galley area, storage area, large double bedroom, double bedroom with glass siding doors to conservatory access to rear garden with wooden shed.
Room 1 - Double bedroom with feature and picture rail, tea and coffee facilities, flat screen TV, wash basin and en-suite shower & WC
Room 2 - Twin bedroom with flat screen TV, tea and coffee facilities, wash basin and en-suite shower and WC.
Room 3 - Double bedroom with wash basin, flat screen TV, tea and coffee facilities and en-suite shower and WC.
Room 4 - Double/twin with zip bed, sofa, flat screen TV, super king bed, family room offset with childrens bunk beds and en-suite shower, toilet and wash basin.
Room 5 - Double bedroom with en-suite shower, wash basin and separate WC
Room 6 - Double/twin with zip bed, flat screen TV, armchair, WiFi and en-suite shower, toilet and wash basin.
Large double garage with gates to parking for 4 vehicles