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Holiday Letting In The Isle of Wight

Freshwater, Isle of Wight

  • Asking Price: £30,000 +SAV
  • Turnover: The business generates a turnover in the region of £25,000 per annum.Gross profit 39%
  • Tenure: Business Only

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Hilton Smythe welcomes to the market Holiday Homes Owners Services W Wight. This business was establishe in the 1960’s and was taken over by our client in 2000. There have been three owners in this time, each of which have helped make this business a great success. Our client is now looking to sell the business, due to the desire to take a well-deserved retirement. The business runs as a holiday home letting company for properties in the Isle of Wight. There are 3 properties, each located in popular tourist hotspots of the island. All of the properties have been completed to a very high standard with 4 star credition. All houses are offered for a minimum of one week, the regular handover is on a Saturday. Homes are booked through the business website. www.holidayhomesiow.co.uk This site has a lot of information regarding the houses and the different locations and attractions in each area. There are photos available on the site, which promote the island and the houses. Our client manages the business, guest bookings, cleaning, linen, maintenance and key service, the business is currently already taking bookings for next year. Y12 YarmouthTwo bedroom cottage, just a few minutes’ walk from the harbour, ferry terminal, restaurants, bars, shops and main bus routes. Y5 YarmouthThree bedroom semi-detached property, again just minutes away from the harbour, ferry terminal and main shops and bars. T6 TotlandThree bedroom chalet, overlooking the sea with picturesque views. Totland Bay is just a short 5 minute walk away. The business turnover is around £25,000 per annum, with a gross profit of 39%. There is commission earned per booking of 17.5% of the total booking fee. Services such as cleaning, linen and maintenance are billed on top of the booking fee. Included in the sale are names and addresses of previous and current clients, this has an excess of 250 records. There may be an opportunity to purchase a Freehold house valued as £240,000, with a rent of £650 - £750 per month. There is also a commercial workshop, this is let out for a rent of £22,000, this is valued at £240,000. These properties will be sold separately, if not required by the purchaser. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

The business is run and managed by our client.

The business operates between 1st April – 31st October.

Holiday Homes Owners Services W Wight is a business only opportunity that is based in the Isle of Wight. There are four holiday letting homes, which are managed by this business. One of the properties is in Y12 Yarmouth and the others are in Y5 Yarmouth and T6 Totland. The Isle of Wight is a popular tourist location with a beautiful coastline and a variety of attractions, such as Blackgang Chine Theme Park, The Needles Pleasure Park, Osborne House and Carisbrooke Castle. The island also hosts many well-known events, which draws in huge crowds each year. There are many concerts, festivals and sporting events including the Cowes Powerboat Racing. There are regular car ferries that run from Southampton and Portsmouth to Cowes and Fishbourne, these take approximately 35 minutes. This business can be run from anywhere nationwide.

This is a business only opportunity. Our client may be willing to sell a Freehold house valued at £240,000 at Meadow View. This achieves a monthly rent of £650-£750. There is also potential to purchase a commercial workshop, which achieves £22,000 per annum and is valued at £240,000.

Tenure
We are advised the business is being sold as a business only opportunity.

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