Freehold Guest House Located in Millom Cumbria For Sale

Millom, Cumbria, United Kingdom

Advert ref: 10711

Business description

Bag a Business is delighted to offer for sale this thriving guest house in such a sought after part of the Lake District. The Pavilion has been trading since 1948 and has built up an enviable reputation throughout the area. Our client has owned the business since 2002 and runs it very much at a pace to suit her lifestyle. The guest house has a current turnover of £26,500, trading on a predominantly bed and breakfast basis. There remains infinite scope to develop turnover further by letting more of the available rooms, opening all year round and by advertising. This is a particularly attractive purchase as the property has been meticulously maintained by our client and benefits from an exceptionally high standard of fixtures and fittings throughout. In addition the business enjoys many repeat and regular visitors. This is a unique opportunity to purchase a thriving and highly regarded local business in such a prime trading location, offering significant potential to develop turnover further. At the current asking price, the purchase would be exempt from stamp duty. Early discussions with Bag a Business must come highly recommended.

Property:

Freehold

Living accomodation

Substantial 3-storey 6-bedroom terraced house. GROUND FLOOR Vestibule Entrance hall Family lounge Dining room Kitchen/breakfast room Cellar Utility room FIRST FLOOR Family bathroom Galleried landing 3 double bedrooms with en-suite shower room SECOND FLOOR Galleried landing 3 double bedrooms with en-suite shower room EXTERNAL Forecourt Rear yard with double doors to allow inner parking Brick store room

Location

The Pavilion Guest House is located on Duke Street in Millom, the most southerly town in Cumbria, and close to the busy A5093. The premises are situated in a highly prominent corner location close to the station. The business occupies a substantial 3-storey brick built house. The area attracts many tourists, walkers and cyclists all year round and hosts The National Wake Boarding Championships.

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Financial details

Asking price:£195,000

Sales revenue:£26,500

Net profit:Undisclosed

Furniture / Fixtures value: Undisclosed

Inventory / Stock value: Undisclosed

Photos