8 bedroom guest house for saleForest House, Cinderhill, Coleford, Gloucestershire, GL16 8HQ
- Business for sale
- Rarely available freehold licensed Restaurant & Guest House
- Area of outstanding natural beauty
- Superbly presented elegant, spacious, period detached property,
- Sales year to end-January 2018 £250,717 net
- Everett, Masson & Furby reference number H32761H
- 8 en-suite letting rooms plus owners' accommodation
DESCRIPTION AND LOCATION: In Gloucestershire's Forest of Dean, Forest House in Coleford offers elegant accommodation alongside high-quality dining. Free parking and Wi-Fi complement 4-star rooms and fantastic breakfasts. The website address is www.forest-house.co.uk
All rooms at Forest House have en suite bathroom facilities with bath or shower and complementary toiletries. There is a TV with DVD player and hairdryer in each room, mineral water, and tea and coffee facilities with hot chocolate and biscuits. Guests can enjoy a full English breakfast with vegetarian options available.
Andersens Restaurant serves excellent homemade food including fresh fish, Celtic Pride steaks and slow cooked dishes, not forgetting the fabulous desserts. All served in a relaxed dining atmosphere. The restaurant is open Monday until Saturday evenings.
It's just a 2-minute walk to Coleford's pretty High Street, with a cinema and a variety of independent shops alongside some well-known stores.
Forest House was home to the pioneering iron masters David Mushet and his son Robert from 1772-1891, from whom the Bessemer process originated. The house has been extended and sympathetically modernised but still retains many charming original features and a beautiful garden which can be enjoyed by all!
The surrounding area of the Wye Valley and Forest of Dean has been designated an area of outstanding natural beauty and includes many attractions including Symonds Yat, Puzzlewood, Beechenhurst and the fabulous Sculpture trail, many family cycle trails, Clearwell Caves and the Dean Heritage Centre to name just a few. Tintern Abbey, Chepstow Castle and Chepstow Racecourse are all close by.
Forest House is also well placed for guests attending weddings at the nearby Clearwell Castle.
THE BUSINESS: Forest House is a family run guest house in the historic town of Coleford offering outstanding spacious and comfortable. four star accommodation. There are eight rooms all with en-suite facilities: four king-size rooms, one double room, one twin room, one superior double with sofa (can be converted into a double bed) and a large family room, which benefits from two interconnecting bedrooms. Room rates are £70-75 single and £85-95 double for B & B.
Andersens Restaurant is a popular venue in the local community, open Tuesday - Saturday evenings, but is available to residents Monday - Saturday. The restaurant can accommodate up to 25 in the main restaurant and up to 14 in the small dining room making it an ideal choice for family and friends to get together. The extensive menus can be accessed on the website.
They also have a fully stocked bar where guests will find all of their favourite tipples.
Customer reviews are absolutely superb across Trip Advisor and the booking sites used, with an enviable Booking.com rating of 9.2.
The current owners ( who after much deliberation have decided to sell purely for personal family reasons ) took over in March 2016, since when the premises have been totally transformed by a substantial £80,000 investment.
2017-18 annual turnover is a truly impressive c£250,717 net, split 50/50 between the restaurant and guest house. There is a broad base of customers, comprising corporate during the week, weekend wedding parties, walking, cycling, bird watching groups, local diners and more.
The business is run by the full time working owners, one front of house with the other running the kitchen. A mix of part time staff is employed at an approximate cost of £30,000pa. With a GP of £165,248, the business could alternatively emply a chef, if required.
The level of equipment is as you would expect outstanding throughout, from the professional catering kitchen to the restaurant, refurbished guest rooms all en-suite, and the bar & reception with new till and hand held ordering system.
The premises are equipped with CCTV and fire alarm system and benefit from newly-upgraded WIFI and telephone systems, not to mention recent interior re-carpeting/flooring and comprehensive re-decoration inside and out.
This is an environment where new owners can literally walk in and start trading.
PREMISES & ACCOMMODATION: This is a substantial, traditional detached Grade 2 listed property dating from 1772, set in attractive landscaped gardens, with accommodation over 3 floors. It really needs to be viewed personally to fully appreciate what is on offer, although a brief description is as follows:
Ground Floor: Entrance from front customer parking area down steps past outside canopied seating area to entrance hallway with tiled floor and customer WC leading off. Through to most attractive reception and bar area with customer seating at bar and tables.
Door leads off reception to private area with office area and owners double bedroom. Further private area off the other side of the reception with storage area, spacious private living room (which has planning consent for ground floor suite), bathroom & WC, door out to garden.
Delightful restaurant arranged over 2 rooms, doors to garden, new wood flooring, feature fireplaces, window shutters and more.
Rear access through to kitchen with door to rear covered storage area, utility, wooden shed and double gates to road.
First Floor: Guest rooms 1 to 6.
Second Floor: Guest room 7 and room 8 ( family quad ). Room 9 ( identical quad ) currently used as additional owners' accommodation, though could obviously be let out also.
The attractive, mature landscaped gardens are mainly to the front and side, laid mainly to lawn and border.
TRADING HOURS: Guest house open daily. Andersens restaurant open Monday-Saturday 6.00-9.00pm with demand for lunches - scope to increase.
TAKINGS & PROFITABILITY: 2017-18 annual turnover is a truly impressive c£250,717 net, with GP of £165,248.
Full financial information will be available to serious applicants.
TENURE: Freehold. We are advised business rates payable are circa £9,000pa.
PRICE: £650,000 to include the benefit of the freehold, goodwill, fixtures, fittings and equipment (according to inventory) plus stock at valuation ( about £4,000 ) in addition to this.
Care is taken to ensure that these particulars are correct, accuracy is in no way guaranteed and none of the information supplied forms part of any contract. None of the appliances/systems have been tested and a purchaser must satisfy themselves as to the condition of these. The photograph may have been taken with a wide angle lens and the identity of the business/neighbouring businesses obscured in order to maintain confidentiality. All measurements are approximate and for indication only. The information was approved as being accurate by the vendor at the commencement of marketing and an undertaking was given to advise EM&F of any changes that occur. However, as all businesses are constantly evolving, the information may not be completely up to date. Prospective purchasers are therefore advised to undertake necessary and adequate enquiries to satisfy themselves of anything that is critical to their interest at the appropriate time.
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