Address ASG Commercial, York House 20 Church St , Inverness IV1 1ED, Scotland, UK
Telephone: +44 (0)1463 236123 Fax: +44 (0)1463 711083
ASG is a Commercial Estate Agents to the Highlands and Islands Bed and breakfast businesses – A second career for a new generation of entrepreneurs…
Within Inverness and its environs there has been significant sales activity in the B&B / Guest House sector with a number of properties being sold through ASG Commercial. In recent months 4 such properties have changed hands with others currently under offer.
At ASG Commercial, we are seeing a trend that many mature couples see operating a B&B as a way to enjoy a secure, second career. With the current job market being volatile, and uncertainty of future employment weighing heavily on many people, they now seek an alternative career which requires the minimum of retraining or prior experience. Their property, which may be worth hundreds of thousands of pounds, provides no security in the current climate with property prices reducing. For a similar sum of money they could acquire an easy-to-operate B&B business which could provide them with a home and supplementary income.
Many B&B operators believe that looking forward the future is bright. Business levels are presently brisk with good forward bookings. This coupled with the second Barclays Scottish Open at Castle Stuart in July can only help reinforce Inverness’s enviable profile in the world of tourism. Smaller businesses, say 3 to 6 bedrooms, are often operated by one partner whilst the other continues within paid employment. This ensures that two incomes support the family home. More and more guest house operators take advantage of the peak season (Easter to October) and operate on a restricted basis for the remainder of the year; thus providing them with a good quality of life whilst enabling them to recharge their batteries.
Funding through the banks for small guest houses is now becoming more available (subject to status) and supports the banking sector’s claim to be ‘open for business’; at least in this one business area.
A second career as a proprietor may not suit everyone but indications are that a new wave of entrepreneurs is stepping up to take on this demanding yet rewarding career and lifestyle change option. If you would like advice on purchasing a Commercial property please email or make a call.
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