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Award Winning Guest House - Gloucestershire for Sale

Cheltenham, Gloucestershire

Freehold : 725,000

This well presented guest house is located in Cheltenham, 4.7miles from Gloucester. The guest house is an ideally situated for visiting the Cotswold Villages, the Forest of Dean and the Historic centres of Cheltenham, Gloucester and Tewkesbury. There are many local festivals, including the world-renowned Folk and Literature festivals and the racing. The guest house stands alone in a prominent position in 1 acre of beautiful grounds with apple and wall nut trees. The premises are ideally located on the main through road and see a high amount of footfall and passing trade. Hope Orchard is five minutes away from the M5 and A40, with excellent links to regional transport facilities yet overlook the rural Gloucestershire countryside.

Situated in the desirable town of Cheltenham
Genuine reason for sale due to retirement
Self contained owners' accommodation
Advised annual turnover of 81,000
Ideal partnership opportunity
Set in 1 acre grounds
4 star AA rated

Business History

Meridian Business Sales are delighted to offer to the market this AA 4 star guest house which was established in 1985 and has been in the careful hands of our client for the past 17 years. Since our client took over the business he has spent time and money on the business and premises. Our client informs us that the annual turnover was ran at 81,000 with a gross profit of 76,000 which was derived from offering bed and breakfast, with tea/coffee facilities, microwaves and fridges in all rooms in a comfortable rural surrounding. Our clients did offer facilities for pets at no extra charge. Breakfasts were freshly prepared and our client caters for individual dietary requirements. There was scope to offer packed lunches and evening meals which may increase income. The business was owner operated and was ran at a pace that suits our client's lifestyle meaning there was a massive scope for a new hands on owner operator to further develop the business if desired. The business had a strong reputation within the local community and has advanced bookings together with regular and repeat trade. The business would benefit from the creation of a professional website. This is a superb opportunity to purchase a true lifestyle business and as such early viewing is strongly recommended as businesses of this calibre rarely stay on the market for long.

Trading Hours: Not specfic to be decided by new owner
Accommodation: Well presented and maintained part Georgian detached property offering 8 letting rooms. All rooms open onto the grounds providing independent access for guests. Ample parking for cars and bikes:

OWNERS' ACCOMODATION - with private access
3 x double standard bedrooms
2 x bathrooms
Ancillary area
Kitchen (shard for breakfast use only)
Dining room - 16 covers

GROUND FLOOR LETTING ROOMS - with independent access
3 x twin en-suite shower rooms
5 x double en-suite shower rooms

Private parking for 10 vehicles
Off road parking
Tables and seating facilities available in the gardens and orchardPets are welcome at no charge.

Tenure: Freehold
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