Seaside Guest House, Nine Letting Rooms
BrightonAccommodation & Tourism
Financial summary
- Asking price
- £985,000
- Annual turnover
- £315,000
- Net profit / cash flow
- £118,000
- Tenure
- Freehold
- Business type
- Established business
- Employees
- 3
- Established
- 2009
- Seller
- Private seller
About this business
A well-maintained freehold guest house within a short walk of the Brighton seafront. The property offers nine en-suite letting rooms across three floors, plus a self-contained two bedroom owner's flat on the lower ground floor. The business trades year round with a summer peak and a steady midweek business trade. Around half of bookings come directly through the guest house's own website, with the remainder through booking platforms. Breakfast is served in a ground floor dining room. Two part-time housekeepers are employed and the owners handle reception and breakfast service.
Business details
Reason for sale
The owners are retiring from hospitality.
Premises
Mid-terrace period property arranged over four floors with nine en-suite letting rooms and an owner's flat.
Lease information
Not applicable, freehold including owner accommodation.
Growth opportunities
Room rates have not been reviewed for two seasons and midweek business packages are not marketed.
Assets included
All furnishings, linen, kitchen and reception equipment included.
Training and support
Two weeks of handover with booking system training.