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UK Ranked No.11 TripAdvisor Seaside Guest House in Weymouth Dorset For Sale

Weymouth, Dorset, ID 232614

UK Ranked No.11 TripAdvisor Seaside Guest House in Weymouth Dorset For Sale 1
UK Ranked No.11 TripAdvisor Seaside Guest House in Weymouth Dorset For Sale 1
Asking price:
GBP£995 000
Turnover (per year): £308 606 gbp
Net profit (per year):£123 953 gbp
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Description

Gloucester House, 96 The Esplanade, Weymouth14 en-suite bedrooms, 6 with sea views.Sea-view guest lounge.3-bedroom owner/manager accommodation with large private lounge.Secure private courtyard with seating area and car park.Management accounts for the year ending 31st March 2025 show turnover of £308,606 ex VAT with profits of £123,953.AA 5 Stars and AA Breakfast Award.TripAdvisor ‘Best of the Best’ Award - No.11 in the UK.Turnkey business.Highly mortgageable.A Georgian Grade II Listed property positioned within walking distance of the town centre, railway station, bus station and harbour.The property has undergone full refurbishment, including complete rewiring with three-phase electricity in 2022, replumbing with three new boilers and high-pressure water system, refitted kitchen, preparation, laundry and freezer rooms, new en-suites, re-carpeting, re-furnishing, fire alarm system, emergency lighting, Wi-Fi throughout and CCTV.The owner’s accommodation is self-contained and positioned to the rear of the guest house with separate access, secure parking and private seating area.The property includes rare ground floor letting bedrooms, with 12 of the 14 rooms featuring super king or king-size beds.The guest house has consistently held AA 5 Star and AA Breakfast Awards and has been ranked No.1 among Weymouth B&Bs on TripAdvisor for several years, achieving No.11 in the UK.Tenure:Held on a 125-year lease from 1973 at a fixed peppercorn rent of £5 per annum.The Business:Established bed and breakfast business operated by the current owners since 2018 and now offered for sale due to health reasons.Run by a husband and wife team with casual staff.Trading operates from mid-February to mid-November, approximately 9 months per year.Laundry services are outsourced.A full handover will be provided to the incoming buyer.Price: £995,000

Details

Real Estate: Lease
Asking price: 995 000 gbp
Turnover (per year): 308 606 gbp
Net profit (per year): 123 953 gbp

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