Our client Kate found a beautiful bed and breakfast in Mid/North Wales located just outside the popular holiday destination of Barmouth and is situated right next to the beach.
Morwendon House has been a bed and breakfast for a number of years and the owners decided it was time to retire which provided a perfect opportunity for Kate to purchase a going concern but one which she could put her own stamp on and develop the trade going forward.
Kate has never run a bed and breakfast before and in order to understand the undertaking she was about to make she decided to attend a B&B course. The course is run by Karen Thorne, who has over 10 years’ experience in owning and operating a B&B, and offers a good insight to what is required to be a successful B&B owner.
The case should have been straight forward but, as sometimes happens, there were a few hiccups on the way. Needless to say, this was a very stressful time for Kate but as her broker Stewart Hindley & Partners were able to negotiate on her behalf with the lender, valuer and vendors Eventually everyone was in agreement and the purchase could move forward. Kate completed her purchase at the end Nov 2016 and is now open for business!
Morwendon House will be offering a unique service as part of the B&B – Doggy Day Care!
When guests are on holiday there are often some attractions who do not allow dogs which restricts the enjoyment of the holiday. By offering Doggy Day Care guests can pay a small charge and have their dog looked after while they visit locations they otherwise would be unable to. A win win situation for everyone!
What Kate thinks….
“My journey into the world of becoming a B&B owner began in early 2016. I found the most beautiful house in an idyllic location which seemed affordable.
I approached my own bank and a broker who was recommended to me, all initial enquiries seemed positive but it soon became apparent this was not going to be an easy ride. My bank having initially been positive said no and the broker didn’t fill me with confidence either so I turned to the internet for some research.
I discovered a couple of articles of interest to me. One was on a B&B owner, Karen Thorne, who runs B&B courses for beginners. The other was on a company who specialised in hospitality businesses finance, enter Chris and Carol at Stewart Hindley.
From my first conversation with Chris I was filled with a renewed confidence. Not only did he know his business he knew the area I was looking to buy in too.
As this was all new to me I did advise Chris I would need “hand holding” through the process. What could have been a relatively straightforward purchase turned out to be anything but. The difficulties we faced gaining the finance I required were testing to say the least. Chris remained supportive and diligently professional throughout. I never at any point lost my confidence in him and the ability to get the deal over the line.
I have to say the whole experience was incredibly tense and stressful but without Chris and the team I doubt I would have been able to realise my dream.
On 20th November 2016 I finally completed on Morwendon House, two month in I couldn’t be happier.
I can highly recommend the team at Steward Hindley, a lucky find for me on the internet.”
For availability and room rates visit the Morwendon House website