Guest House for Sale in Newark-on-Trent, UK
Seven boutique serviced apartments with ~80% occupancy and potential to expand to nine units.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 195 thousand |
| Run Rate Sales | USD 192 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Guest Houses |
| Locations | Newark-on-Trent |
| Local Time | 3:13 AM Europe / London |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.63 million
(Native Currency: GBP 1,218,500)
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
1.63 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 80% 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 80% 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 operates seven fully furnished boutique serviced apartments for short-term stays, serving both business and leisure travellers. The portfolio has historically achieved approximately 80% occupancy and generates around GBP 146,000 in annual gross booking revenue.There is also identified potential to expand the portfolio from seven to nine units through the creation of two additional self-contained dwellings within the existing property, subject to planning permission. The proposed expansion would retain the existing parking provision.
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. Potential to add two more 1 bed apartments subject to planning permission.
Capitalization Overview
The company owns seven serviced apartments with an underlying portfolio value of approximately GBP 1.21 million. The transaction is structured as a 100% share sale, with an asking equity consideration of GBP 380,000. The company has approximately GBP 838,500 of existing mortgage debt, which remains within the company as part of the share transfer, subject to lender requirements.The portfolio also has identified potential to expand from seven to nine units, subject to planning permission, providing additional development and capital-value upside. The company is currently owned equally by two shareholders.
Recent Activity
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6 days agoFounder & Director, Real Estate, Contractor And Professional Accommodation Solutions, Cheshunt, Individual Investor / Buyer connected with the Business
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2 weeks, 1 day agoMerger And Acquisition Specialist, Alliance & Outsourcing, Delhi, M&A Advisor connected with the Business
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Co-Founder, Fin-Tech And Blockchain-based Asset Management., Chicago, Corporate Investor / Buyer connected with the Business
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