A husband and wife have left their jobs as a secondary school teacher and solicitor to acquire and operate a guest house in Scarborough.
Tim and Suzanne James purchased the freehold of Kenways Guest House in the North Bay area with a £127k commercial loan facility from NatWest.
The finance has also enabled the couple to refurbish the three-storey venue’s seven bedrooms and guest facilities.
The couple run all aspects of the business themselves, from breakfast service to managing bookings and front of house.
The new look Kenways Guest House re-opened in June and is already fully booked for the remainder of the summer season.
Suzanne James, said: “It’s hard to believe that just a few months ago Tim and I were working in regular jobs. Now we own and run our own business and do something we love every day. NatWest made the whole process as easy as possible. The finance they provided has enabled us to use part of our savings to invest back into the guest house and ensure we offer the best facilities possible for our guests.”
The deal was referred via Synergy – James Blacklaws Ltd and NatWest business development manager Ben Davey supported the deal activity alongside NatWest relationship manager Dave Oram.