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Guest House With Enviable Reputation For Sale

Stranraer, Dumfries and Galloway
Asking Price:
£320,000
Sales Revenue:
£51,479
Cash Flow:
Available on request

Business
Hilton Smythe is delighted to welcome to the market this well-established guest house Thistle Inn located in the delightful Stranraer.

The business was established over 50 years ago and is only now being offered to the market due to our clients` desire for well-deserved retirement.

The business operates throughout the year and generates a turnover in the region of £51,000 per annum.

This is well established family run business.

There is the added benefit of a 2-bedroom bungalow and 5 letting chalets, included in the sale price. Of traditional construction the property is in good condition throughout and provides great potential for further ongoing development. Enjoying a loyal customer base, it is well positioned to attract new business and those in search of a business investment are recommended to view.

The business has an excellent and comprehensive website in place to promote the business and the services offered, as well as online booking facilities, which are easy to use.

There is scope for a new owner to convert part of the guest house to offer owners` accommodation.

This is an excellent opportunity for a new owner to take this already popular business, with scope for future growth, to the next level; therefore, early viewing must come highly recommended.

Location
The business is situated in the town of Stranraer within the south west of Scotland overlooking Loch Ryan.

The area forms part of the Mull of Galloway; Scotland's most southerly point and is an area known for its natural unspoilt beauty.

Stranraer is an important ferry port linking Scotland with Northern Ireland and the town becomes a hive of activity with tourists in the summer months while there is also a local population of approximately 13,000 people.

The Thistle Inn is located on one of the principle streets just off the town centre and benefits from the local clientele with much passing trade.

Premises
Premises

• Public bar
• Lounge bar
• WC’s
• Beer cellar
• Kitchen

Owner’s Accommodation

• Lounge
• Kitchen
• 2 bathrooms
• 4 bedrooms
• Bungalow lounge
• Kitchen
• Bathroom
• Shower room
• 2 bedrooms

Chalets

5 Letting Chalets

Equipment

• Over £1000 pound of bedding
• All bar Equipment
• Glass washer
• Several fridges and freezers
• Ice machine
• Full kitchen equipment

Tenure
We are advised the business is being sold as a Freehold.

Hours
Hours to suit as running as B&B.

Staff
The business is currently being run by our client with the help of 1 full time member of staff.

Financial Profile
Thistle Inn generated an advised turnover of circa £51 ,000 with a net profit £17,000.

Property Information

Property:

Freehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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