🏡 Award-winning B&B For Sale in Central Cheltenham
Jan 08, 2025Mark and Lyndsay took the Bed and Breakfast Academy Course over 10 years ago and went on to establish a thriving B&B in the heart of Cheltenham.
Now, as they prepare for retirement, they’re looking to sell their successful business. You can find more details on the agent's website here:
>> Bath Road, Cheltenham, Gloucester.
This is what they say about their B&B in their own words:
Top rated, award-winning B&B Guest House for sale in central Cheltenham, with long-standing repeat business and opportunity to expand.
"We're retiring after 10 years of running Crossways successfully (thanks to the start from the B&B Academy) and we would love to be able to pass the business on to someone looking to run a busy town centre B&B. Cheltenham has year-round trade with events and festivals - not just racing - at least every month. There is a thriving business travel trade as well as tourist travel from walkers on the Cotswold Way to weekenders.
Crossways has 6 rooms although we run only 4 at the moment. Three are en-suite. There is an excellent owner's flat in the basement with access to the large garden.
We both take a salary from the business, as well as generous pension contributions, and the business still turns a profit. This is mostly from direct bookings and around 30% from booking.com. We have not had to list on other sites or do much marketing, so there is scope to generate more income before you hit the VAT threshold."
Legal Disclaimer: The information provided in this blog post is for informational purposes only and does not constitute financial, investment, or legal advice. Prospective buyers should conduct their own due diligence and consult with a qualified professional before making any investment decisions regarding the purchase of the guesthouse. Bed and Breakfast Academy makes no representations or warranties about the accuracy, completeness, or suitability of the information contained herein, and accepts no liability for any loss or damage arising from reliance on such information. All details are subject to change and availability without notice.
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