16 bedroom guest house for sale

Mablethorpe

£400,000

Property Description

Full description

Tenure: Freehold

SUPERB SEASIDE GUEST HOUSE (14 LETTING ROOMS) LINCOLNSHIRE
Potential to open the 36 cover dining room as a restaurant
Option to purchase bungalow or guest house separately
Separate 2 bedroom bungalow with potential to sub let
50,000pa turnover with high profit returns
Prime trading location in Mablethorpe
Early viewing highly recommended
Reduced for Quick Sale
Large car park
Licenced bar
FREEHOLD


Location

The guest house is located in a prime trading position in the busy and thriving seaside resort of Mablethorpe in Lincolnshire. Mablethorpe is a traditional seaside town with a good mix of period and affordable housing plus all of the main amenities such as banks, post office supermarkets etc. The area is renowned for its pleasant countryside and long sandy beaches which are enjoyed by the locals and tourists on an all year round basis. The prime position of the guest house provides easy access to the town centre and the beach. The town centre has over the years had large amounts of investment in its infrastructure retail and recreational facilities. Mablethorpe also has a thriving night life with good quality restaurants, bars and cinema which again attract tourists in large numbers during the summer season. Mablethorpe is close to the larger resort of Skegness were all of the major retailers can be found plus fun fair, bars and restaurants. The county of Lincolnshire offers good schooling and has 4 of the top ten schools in the UK plus strong road and rail links.


Business History

Meridian Business Sales is delighted to offer for sale this quality guest house located in the popular and thriving town of Mablethorpe in Lincolnshire. The guest house has been in the carful hands of our clients since 2005 who only now wish to sell due to their desire to move closer to family. The guest house has 14 letting rooms all of which have been renovated to a high specification. The guest house is run by our clients with the help of part time staff and is rated as 3 stars by the tourist board. The business currently has an annual turnover of 50,000 with a gross profit of 85%. Our clients have informed us that there is huge scope for growth as the business is currently run at a pace to suit their lifestyle and there is tremendous opportunity to increase trade. In the past the guest house has had planning passed to extend the property to provide further letting rooms, this planning has now lapsed but could be reinstated. The property has a unique feature in that it has its' own detached 2 bedroom bungalow for the owners' accommodation. Additionally, this bungalow could be let as holiday accommodation which would create a further 300 per week income during the summer season. The business receives lots of repeat bookings due to the quality service that the guest house offers. The property has a large commercial kitchen and a dining room that seats 36 covers and our clients have informed us that this would be a popular choice to open as an evening restaurant further enhancing the already impressive annual turnover. Meridian Business Sales recommends early viewing so as to fully appreciate the quality and scope for growth of this business.


Financial Profile & Tenure

Turnover: 50,000pa
Gross profit: 85%
Stock approx: 500

We are advised freehold



Opening Hours

Hours to suit


Accommodation

Substantial brick built and extended property with 14 letting rooms, a large car park and a separate detached 2 bed bungalow, briefly comprising:

GROUND FLOOR
The guest house is entered via the main door into the reception area and inner hallway. The hall leads to the large bar and guest lounge with a range of tables and chairs plus fully functional bar with draft beers. The property has a large dining room which can seat 36 making this room ideal for a non guest restaurant. The dining room leads to a fully fitted kitchen with built in appliances and commercial extraction. Off the kitchen is a utility room with appliances for laundry and a sink. On the ground floor are two disabled rooms with full en suite facilities tea and coffee plus television. The main staircase leads to the first floor landing. The first floor has 10 letting rooms, 8 have full en-suite facilities and two single rooms share the separate shower and toilet. There are 5 double rooms, 1 twin, 2 family and 2 singles all have tea and coffee making facilities plus good quality furniture and a television.

SECOND FLOOR
The second floor has two attic rooms both are double but do not have en-suite facilities.

EXTERNAL
The property has a large gravelled car park with 2 garages that are used for storage plus the detached bungalow that is currently used for the owners' private quarters.

THE BUNGALOW
The bungalow has a fully fitted kitchen with built in appliances. The lounge is of a good size, quality carpet and decoration. The bungalow has two bedrooms both are double size plus a family bathroom with modern suite.



Listing History

Added on Rightmove:
10 January 2013

Nearest station

  • Skegness (13.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest station

  • Skegness (13.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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