ID : 36121
Veritas Business Sales are delighted to offer for sale this respected 8 Bedroom Guest House which is located in the much sought after Alexandra road, Penzance, South West Cornwall. The business has been established for over 50 years and has been in the careful hands of our clients for the past 16 years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Dunedin Guest House is owner operated, requiring one full time member of staff and has an annual turnover of £81,990 with a gross profit of (75%). Room tariffs range from single room £60.00, double room en-suite £80.00 and a family en-suite £95.00 (depending on the time of year). All prices are per room per night on B&B basis and rooms benefit from central heating, colour TVs, Wi-Fi, and complimentary tea & coffee making facilities. All rooms have recently been fitted with the new Amazon Echo Dot Device. We believe that there is further potential to increase trade should you wish as our client operate this at a gentle pace to suit themselves and chooses to trades below the VAT threshold. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visiting tourists. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
