

Advert ref: 10620
Bag a Business is delighted to offer to the market this exceptionally spacious and luxurious guest house. The Gables Guest House has been in existence since 1999, but has recently enjoyed a complete overhaul and exciting additions to its accommodation. Not only does it boast 6 en-suite single, twin and double rooms, but 2 separate self-contained flats, one of which is truly spacious and luxurious. The house also boasts Wi-Fi connection throughout and separate spacious private accommodation. In addition there is a large double size private garage and parking for at least 10 guest's cars. The business presently enjoys an annual turnover of £59,233, which will undoubtedly increase due to the recent addition of the 2 separate self-contained flats, and achieves an impressive gross profit of 91%. Despite all the above, this business is run at a pace to suit the present owners and the potential to increase turnover is vast. At present the owners provide a bed and breakfast only service. Early inspection of this 4 Star Silver quality guest house cannot be recommended highly enough.
Property:Freehold
Lease termsFreehold
Living accomodationA large detached brick built house with 2 flats and large double garage. Briefly comprising: GROUND FLOOR Front entrance leading into large hall Office Double aspect dining room accommodating up to 16 covers Door leading to private accommodation Guest toilet with basin Stairs leading to letting rooms FIRST FLOOR 4 large letting rooms. All with large en-suite bathrooms. (1 twins, 1 single & 2 doubles) Hallway with drinks cooler for guest use Iron & ironing board housed in hallway for guest use SECOND FLOOR 2 large letting rooms. All with large en-suite bathrooms. (1 twin, 1 double) Storage cupboards PRIVATE ACCOMMODATION Door at end of downstairs hallway leading to private accommodation Large family kitchen Large utility room Square inner hallway housing large storage cupboard and fridge/freezer. Private dining room with patio doors Open staircase leading into large private lounge. (This could be turned into a second bedroom by the addition of a wall at the top of the stairs and turning the dining room into a lounge) Hallway leading to large double bedroom and spacious en-suite bathroom with separate bath and shower cubicle. EXTERNAL To the front a large 'in-out' drive with parking for at least 10 guest cars. Private garden to the rear Garage with space for 3 cars 2 newly built self-contained flats adjoining the garage Downstairs flat (open plan kitchen, living and sleeping area with separate shower room) Upstairs flat (2 separate bedrooms, open plan kitchen, living area, large bathroom with separate bath & shower)
LocationThe Gables Guest House is located on the busy A1434 just 10 minutes from Newark and the A1 and some 6 miles from the historic City of Lincoln. The location of The Gables provides easy access to local restaurants, the A46, and most importantly, the renowned Swinderby Antiques Fair and the International Newark Antiques Fair. The fairs are open every other month of the year and boasts up to 4,000 stalls. This exceptionally smart guest house enjoys an enviable reputation with both its commercial and European antique fair clientele.
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Financial details
Asking price:£625,000
Sales revenue:£60,000
Net profit:Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed
