£0 £1000000
£0 £1000000

Well established Guest House business for sale

Milton Keynes, Buckinghamshire

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£39,995 +SAV

Ref: B06260

Leasehold

Overview

Please quote reference B06260

Hilton Smythe are delighted to welcome to the market on a leasehold basis, this stunning, well-established guest house business with an enviable reputation. Home Farm B&B has been trading under the careful and meticulous ownership of our clients since 2004 and only now is being offered for sale due to our client’s desire to retire from the industry.

Home Farm B&B has an excellent reputation with guests for the high-quality service, excellent accommodation, and delicious breakfast cuisine, which has resulted in a loyal client base of both the business and leisure market, with a lot of repeat trade and word of mouth referrals all resulting in many positive reviews. The business attracts bookings from all over the UK with many of these being repeat visitors due to the quality accommodation on offer.

Over the last few years, the guest house itself has undergone a programme of refurbishment and can now be found in outstanding condition throughout.
The turnover is generated by offering a mixture of 7 letting rooms all with En suite facilities and benefiting from being tastefully furnished, with the property further benefiting from a breakfast room with feature log burner.


We feel there is scope to increase turnover with an increase in room availability to include weekends and the undertaking of a robust marketing campaign via local press, social media, and further promotion of the dedicated website.

This is a highly desirable turnkey business and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established or for an experienced operator looking for an additional business with the potential for an attractive income stream,

Very rarely do businesses of this calibre come to the open market therefore, early viewings must come highly recommended to avoid disappointment.

Turnover
We are advised as per the 2018 accounts, the business generated a turnover in the region of £113,000, with an adjusted net profit in the region of £69,000. Full financials can be made available upon further request. 

Please quote reference B06260

We are advised that the business has 1 part-time staff members. 

The business is trading 24/7. 

The business is located in the Buckinghamshire countryside, situated in the picturesque village of Beachampton, just 15 minutes from Central Milton Keynes Silverstone racetrack, several National Trust gardens, and conveniently located for the National Bowl, Woburn Abbey, Bletchley Park, and Addington Manor Equestrian Centre. Stony Stratford is only 2 miles away and offers a variety of pubs, restaurants and further amenities

Home Farm B&B is located in a 300+ year old stone built beautiful farmhouse that has undergone a period of refurbishment to an excellent standard over the years, and that just oozes style and sophistication.

On entering the property, you are quickly aware that you have entered a guesthouse setting that is full of contemporary design complimented by quality fixtures and fittings running throughout the property and benefits from 7 lettings rooms all with En suite facilities, breakfasting room with feature log burner and fully equipped kitchen area. The business further benefits from excellent off-street parking and is set in stunning garden grounds.

Tenure
We are advised that the business is being sold on a Leasehold basis, with 5 years remaining. The rent is £3,500 per month. 

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