Tenerife Forum - View Single Post - A proposition for any Families Moving back to the UK

TheWhites · 22nd August 2008, 07:56

We have no word from our "buyer" for our B&B, and fear the worst.

This has led us to think outside the box and we have come up with a proposal that may be of interest to a family moving back to the UK.

Our B&B is currently on the market at £695,000. It has 15 en-suite bedrooms and also included is separate 5 bedroom house for the owners.

We are now offering the B&B as an outright purchase of £625,000, or if you buy it at £695,000 we will put £90,0000 towards your deposit. This means you could purchase the buildings and business with as little as £25,000 cash. Te business and home has been independantly valued at £750,000.

The business turns over £160,000 per year, and makes a profit before finance of £80,000. This means a family taking the maximum loan would clear £45-50,000 a year, after the business has paid for all mortgages, council tax and utilities for both the business premises and private residence.

Detailed trading figures for the last 5 years can be made available to any interested party.

22nd August 2008, 07:56	#1 (permalink)
TheWhites Super Tenerifian Join Date: Apr 2008 Location: Las Chafiras Gender: Posts: 546 My Mood:	A proposition for any Families Moving back to the UK We have no word from our "buyer" for our B&B, and fear the worst. This has led us to think outside the box and we have come up with a proposal that may be of interest to a family moving back to the UK. Our B&B is currently on the market at £695,000. It has 15 en-suite bedrooms and also included is separate 5 bedroom house for the owners. We are now offering the B&B as an outright purchase of £625,000, or if you buy it at £695,000 we will put £90,0000 towards your deposit. This means you could purchase the buildings and business with as little as £25,000 cash. Te business and home has been independantly valued at £750,000. The business turns over £160,000 per year, and makes a profit before finance of £80,000. This means a family taking the maximum loan would clear £45-50,000 a year, after the business has paid for all mortgages, council tax and utilities for both the business premises and private residence. Detailed trading figures for the last 5 years can be made available to any interested party.