Reference - 44615DescriptionThis is an excellent opportunity to purchase a well-established and profitable guest house, offering 8 beautifully prepared en-suite letting rooms, plus private accommodation in Aberystwyth, Dyfed.
Aberystwyth is a historic market town, administrative centre and holiday resort within Ceredigion, West Wales.
It is located near the confluence of the rivers Ystwyth and Rheidol.
Since the late 19th century, Aberystwyth has also been a major Welsh educational centre, with the establishment of a university college there in 1872.
The business enjoys a large amount of custom from the university from lecturers who travel or guest speakers, parents and holiday makers.
This fantastic traditional guest house is located on a prominent main road position close to the sea front, within a large number of quality residential dwellings and other small businesses.
Having successfully operated since our clients established the business in 2001, this business has over the years become very highly renowned and earned itself an excellent reputation for offering the best bed and breakfast facilities and has earned the aa Gold 4 star rating.
The business operates from a highly visible single fronted detached premises, which is presented to an excellent standard with an excellent range of fixtures and fittings to go with the sale.
This is a thriving and lucrative business, which is run by the owners 50 weeks of the year and enjoys high occupancy levels throughout the year.
The business offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic couple or family that have the opportunity to assist the business to continue to thrive.
There is scope within the business.
Currently one of the letting rooms is occupied by a family member and one of the two private double bedrooms could easily be turned into a letting room, generating additional turnover for the business.
There is potential for opening an additional twSales2018 Turnover£101,0682017 Turnover£56,809.
The booking platforms such as Expedia & Booking, com has helped dramatically to increase sales from 2017 -2018.
AccountsCurrent records and accounts can be inspected when viewing.
Trading hoursThe business trades 7 days a week 50 weeks a year.
StaffThe business is managed by the owners.
Building ExternalThe business trades from a single fronted detached Edwardian town house, occupying a prominent main road position.
A small gated entrance takes you through to the quaint little front garden area and the front door is located up a small number of steps.
To the rear of the property is an off road private parking space with a shared drive access.
Dinning areaThe main breakfast room is split into two areas.
The first is located within the conservatory and the second dining room is next to it.
There is a good sized kitchen and preparation area, a laundry room and a reception/ office space.
Letting accommodationThe letting accommodation is located on the first and second floor of the property.
There is a mixture of room sizes from singles to family rooms, all with en-suite facilities.
The first floor of the property has five letting rooms all of which are doubles.
The second floor has an additional three letting rooms from a large single, one double and a family room.
All the letting rooms are dressed individually and all have en-suite facilities complete with white baths or shower cubicles and W/Cs.
All the rooms are presented and maintained to the highest standards.
Residential accommodationThe private owners’ accommodation is located on the ground floor of the property, with a large living room and a large double bedroom next door.
There is also a shower room and an additional double bedroom.
TenureWe are advised that the property is freehold.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
SummaryA fantastic and rare opportunity to purchase a highly profitable business, with terrific potential for future growth and improvement.
To avoid disappointment, a viewing is highly recommended.