The London & South East office of specialist hospitality agents Sidney Phillips, is offering a comfortable and homely guest house and bar in Ipswich for sale.
The Old Times Guest House is situated in a residential area of the historic Suffolk county town of Ipswich. Ipswich lies approximately 66 miles north-east of London and boasts a sizeable population in the region of 180,000. Ipswich has become a tourist hot spot in the UK with 3.5 million people reported to have visited the county town in 2016. The town also plays host to a number of cultural events including the Ipswich Arts Festival, Ipswich Jazz Festival and the bi-annual Spill Festival of Performance.
The property itself is located on a busy inter junction in the residential Britannia area of the town. It has been consistently invested in and as a result is presented to a high standard throughout, incorporating eight en-suite letting bedrooms, bar lounge, tea room and breakfast room.
Our clients have owned and operated the Old Times Guest House for the past 7 years and during this time have taken on a dilapidated public house and converted it into the quaint guest house that we see today. The business is popular with visitors to the area and contractors and we are of the opinion that the business would suit a ‘hands on’ owner/operator couple who could not only further occupancy levels with an increased marketing budget but also by reducing expenditure by way of lower wage costs. We are also of the opinion that a new operator could further increase turnover by extending the opening hours of the lounge bar, as at present it is only open to non-residents from 18:00 onwards.
The leasehold interest of the Old Times Guest House is being marketed off an asking price of £65,000.
For further information about this business for sale and other pubs for sale, please contact Sidney Phillips’ on 01892 725900, by email (southeast@sidneyphillips.co.uk) or Click here for more detail.