Work-life balance in well-located property on market with Colliers International
A refurbished guest house in Glastonbury offers potential for people looking for a start in the West Country Hospitality sector.
Number 27 in Bere Lane makes an ideal base for exploring Somerset and is also ideal for festival-goers who like to enjoy their creature comforts. It is on the market with Colliers International at £795,000 for the freehold.
Ed Jefferson from the firm’s Hotels team said: “With four en-suite letting rooms, Number 27 is just the right size for new operators seeking a strong but manageable business opportunity.
“The business posted net sales of £83,572 with a respectable £67,147 profit – and that was utilising just three of the four rooms.
“Our clients acquired the property in 2016 and set about a comprehensive refurbishment of the entire building. Although business is very good they have decided to re-locate to be nearer to family. This gives new operators a chance to come in and take over a primed and ready business in a super spot.”
In addition to its proximity to the Glastonbury Festival site in nearby Pilton, Number 27 is ideal for people looking to explore Glastonbury’s renowned attractions including Glastonbury Tor, the Abbey and a range of quirky shops. A further advantage is a large private flat for the owners.
Ed Jefferson said people thinking of a career switch to the increasingly lucrative Bed & Breakfast sector were generally looking to combine a good business opportunity with a more relaxing lifestyle.
“Running a Bed & Breakfast has always been a favourite retirement option. A whole new group of entrepreneurial individuals are looking to invest their pension pots in property and enjoy a fabulous work-life balance at the same time. It really is a win-win scenario.”