Financial Details
Asking price: £292,500
Sales revenue: Undisclosed
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale
  • Photograph of this business for sale
  • Photograph of this business for sale

Business Description
Reason for Sale

This is a genuine retirement sale.

Business Profile

The property was acquired by the current vendors around 10 years ago, when they divided it into 5 self catering holiday apartments, having run similar businesses themselves in the town before. Previous owners also offered holiday lettings for many years before. A new website was introduced, which is well maintained. The vendors take pride in the many accolades and awards they have received and they enjoy 4 star holiday rating status.

Products/Services

• The business offers 5 self catering apartments in the heart of the town
• The townhouse can accommodate up to 18 customers over 4 floors

Customers

• Repeat custom
• Wide range of ages
• Couples
• Families
• Holidaymakers
• Convalescence
• Honeymoons
• From all parts of the UK

Key Strengths

• Well established
• 4 star holiday rating status
• Close to the shopping centre, arcades, restaurants, attractions and many other facilities
• Double glazed
• Fully equipped
• Modernised
• Furnished to a good standard
• Well maintained
• Won many awards

EPC - Exempt


Viewings:


To arrange a viewing please contact the agent.





DISCLAIMER: Viewing is essential to fully appreciate this business and is strictly by appointment only through the agents. All negotiations must be conducted through Advent Business Sales. Businesses/Properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.
These particulars are provided as a general outline only for the guidance of intended purchasers or lessees and do not constitute all or part of an offer or contract.
All information supplied via Advent is based upon information supplied by the Vendor who has warranted to Advent that all of the information is accurate. Nevertheless, details are given without responsibility by Advent Business Sales Ltd for any or all descriptions, dimensions and reference to condition or value. Intending purchasers should not rely on these details as statements or representations of fact but must satisfy themselves of their accuracy by inspection, by independent advice and/or other appropriate means.
No person representing Advent Business Sales Ltd has any authority to make or give any representations or warranty whatsoever in relation to this or any other property.
General Information
Employees:3
Trading hours:Office Hours: Monday - Friday 9am - 8pm Saturday 9am - 5pm Sunday 9am - 2pm Closed November to February
Property:Freehold
Location:The business is based in the heart of a popular Norfolk seaside town.
It is flanked by other guest houses and hotels in the vicinity.
Parking is available to the rear of the property.
Premises Details:Very briefly, this townhouse comprises of 5 self contained, self catering apartments:
• Ground floor - three bedroom
• Basement studio – pull out bed
• 1st floor – two bedroom
• 1st floor – one bedroom

• 2nd floor – two bedroom

Currently, the premises can accommodate 18 people, although there is the potential to increase this to 20. At the rear, there is a secluded patio, along with a storage space area and shed.
Expansion potential:There is scope to increase the number of customers from 18 to 20 by removing a false wall in the basement, which would provide additional accommodation for at least 2 more people. It is envisaged that this townhouse could attract interest from any of the following: • Exiting holiday lettings companies • Freehold property investors • Potential HMO opportunity • Sheltered accommodation • The offshore industry

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