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Splendid Guest House in Plymouth for Sale

Plymouth, Devon

  • Asking Price: £0
  • Turnover: This profitable business reports turnover of £110,049 per annum net of VAT, with reported gross profit at £81,546.
  • Tenure: Freehold

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Hilton Smythe welcomes Rainbow Lodge Guest House to the market and highly recommends viewing this profitable business. This Georgian guest house has an annual turnover approaching £150,000 and occupies a superb location for attracting customers from Plymouths lucrative year round accommodation market for accommodation. Full details of the market and the business are contained in The inside story, owning Rainbow Lodge, a business document available at your request. Please get in touch to ask for your copy. This briefing clearly shows how the brilliant location of the business ensures year round bookings from all segments of the diverse Plymouth accommodation market, enabling Rainbow Lodge to operate at an occupancy rate of over 75%. Since taking over in 2007, the current owners have completely upgraded the property including:Redecorating all roomsFitting new carpetsInstalling new beds and ensuitesCreating a top class dining room and Completing a full external redecoration The result is an immaculate guest house offering superb accommodation to its customers all year round. Eleven high standard letting rooms are offered on a bed and breakfast basis all of which are spotlessly clean and comfortable. Rainbow Lodge holds 4 AA Stars, has current awards for excellence from both TripAdvisor and Late Rooms and was also given a 5-star food hygiene rating following a recent inspection. Additional factors in the success of Rainbow Lodge include:The use of tried and trusted IT to facilitate CRM and reporting systemsVAT registration which provides a rebate incentive to expand corporate businessThe introduction of a flexible workforce and outsourcing to keep management focus on quality The business has an excellent user friendly website www.rainbowlodgeplymouth.co.uk with an reliable online booking system and is a partner of several major online agents. Rainbow Lodge also has fantastic on-line reviews and attracts many visitors from far afield. Naturally, we highly recommend viewing this profitable concern, ideal perhaps for a couple looking for a lifestyle change in this desirable location.

The business is owner run and managed with the assistance of 3 part time members of staff.

The business opens as and when required.

Occupying a prominent position on Athenaeum Street and surrounded by complementary businesses Rainbow Lodge Guest House is located in the heart of the coastal maritime City of Plymouth on the south coast of Devon. As the map illustration shows, all of Plymouths top venues and attractions are within easy walking distance such as the Theatre Royal, Pavilions concert arena, central shopping district, Barbican, Hoe Park, waterfront, Plymouth Sound and University. Plymouth roots are as a commercial shipping port, today it is home to the largest naval base in Western Europe and the city is home to around 250,000 residents and has one of the largest universities in the United Kingdom. Plymouth is a popular stopover for visitors to the South West, as it is in easy reach of attractions like the Eden Project and the South and North coasts of Cornwall. The A38 duel carriageway provides an easy commute to the City linking to the M5 motorway from the East and to main roads into Cornwall to the West. The international ferry terminals are also within the city with regular services to France and Spain. As you would expect the city has excellent public transport links with a main line railway station and network of buses running throughout the City.

This Georgian mid parade premise is grade 2 listed and briefly comprises:- Lower Ground FloorFamily guest room with double bed and two single beds and double guest room with a superking sized double bed, both guest rooms with en-suite. Single guest room with private facilities (shower room and toilet just along corridor). Linen room Back door to courtyard and car park. Ground FloorReception area. Light and airy dining room with good quality furniture for 16 covers. Two double guest rooms, both with en-suite and one having a superking sized double bed. The owner’s accommodation is also on this floor and briefly comprises of a double bedroom, fully fitted kitchen with washer/dryer and dishwasher, private lounge, office and bathroom. Private entrance. First FloorSingle guest room with shared facilities. Two double guest rooms, both with en-suite and one having a superking sized double bed. Second FloorTwo double guest rooms with shared facilities, one with a superking sized double bed. Family guest room with double bed and two single beds, with en-suite. Linen cupboard. All guest rooms are individually styled with good quality furnishings with flat screen TV, individually controlled central heating, bedside lamps, free WiFi, hair dryer, clock/radio, fan, free toiletries and hospitality trays. The 4 double rooms with superking sized beds can all be converted into twin rooms. Externally, there is a convenient secure shed for owner’s private use and utilised for general storage and to accommodate bicycles for guests. The business benefits from a private car park at the rear providing parking for up to 6 vehicles.

Tenure
We are advised freehold.

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