Guest House for Sale in Newark-on-Trent, UK
Newark seven boutique serviced apartments with 75% occupancy and with steady rental revenue for sale.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 197 thousand |
| Run Rate Sales | USD 210 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Guest Houses |
| Locations | Newark-on-Trent |
| Local Time | 8:16 AM Europe / London |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.6 million
(Native Currency: GBP 1,200,000)
Reason: One of the owners lives abroad and the other is also moving abroad so selling it before the move.
Includes physical assets worth
USD
1.6 million
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Asset Breakdown
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Business Overview
- Boutique holiday-let and serviced apartments business for sale in prime Newark-on-Trent city centre.
- We own and operate 7 fully furnished serviced apartments, each with a designated parking space.
- Our apartments provide short-term stays for both business and leisure travellers, where min of 3 to 4 days and up until 6 months and on an average 2 weeks, catering to diverse needs.
- Achieving around 75% annual occupancy, with a 150 clients per year on an average.
- We generate approximately £146K in gross rental income each year.
- Revenue comes from short-term accommodation bookings through well-known online travel platforms.
- Each apartment has slight price variations, ranging from £60 to £90 per night, accommodating different budgets.
- We outsource management and maintenance, allowing for efficient operations and high guest satisfaction and pay up to 12% commission on the gross income.
- We own and operate 7 fully furnished serviced apartments, each with a designated parking space.
- Our apartments provide short-term stays for both business and leisure travellers, where min of 3 to 4 days and up until 6 months and on an average 2 weeks, catering to diverse needs.
- Achieving around 75% annual occupancy, with a 150 clients per year on an average.
- We generate approximately £146K in gross rental income each year.
- Revenue comes from short-term accommodation bookings through well-known online travel platforms.
- Each apartment has slight price variations, ranging from £60 to £90 per night, accommodating different budgets.
- We outsource management and maintenance, allowing for efficient operations and high guest satisfaction and pay up to 12% commission on the gross income.
Products & Services Overview
The business runs seven fully furnished serviced apartments for short-term stays, each with its own parking space. These units provide a steady rental income, attracting both business and leisure travellers, and generate around GBP 146,000 in gross rental income annually.
Assets Overview
- Tangible assets: Freehold and seven turnkey fully furnished leasehold apartments, furniture parking and storage space in Newark town centre,- Intangible assets: Registration of company.
Facilities Overview
There are seven 999-year leasehold apartments, each with its own title. Five are 1-bedroom units with two bathrooms, and two are 2-bedroom units and outdoor space. The business also owns the freehold, which includes all seven apartments.
Capitalization Overview
The business has seven serviced apartments worth around GBP 1.21 million in total. The asking price is GBP 1.2 million which consists of all the assets i. e. , the 7 apartments and GBP 380,000 reflects the equity value, with the existing mortgage of about GBP 838,500 which is being part of the share transfer. All shares are owned by two equal shareholders.
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