10 Bedroom Blackpool Guest House - Cash Winner
If you've dreamt of running your very own B&B in Blackpool then this competition could be for you. A 10 bedroomed licensed guesthouse that's just 100m from the seafront is on offer in this Raffall win a house contest. Tickets for the chance to win a home and business are just £2.50 each.
Winner: Zoe Smith
Launched: 1st March 2020 Closed: 1st August 2021
Location: Blackpool, M7
House Value: £200000 (10 Bedrooms)
Ticket Price: £2.50 (Free Entry - See 5.6 in Terms)
Tickets Sold: 368 Revenue: £920 (Estimated)
Cash Alternative: 75% of ticket sales
Win a house contests aren't confined to just family homes and occasionally something different pops up on the radar. In the last year we've seen a property portfolio and shop fronted property be offered as prizes. Now joining these unusual options is a B&B business in Blackpool. The prize includes the freehold guesthouse and furnished rooms so the winner should be able to start the business almost immediately. The location of the property, known as The Elk, was easy to find but a valuation less easy so we've estimated it at around £200,000 based on similar properties for sale.
How To Enter The Competition
The B&B comprises of four large en-suite rooms that can accommodate up to 14 people. Five other rooms are being used by students and the owner's children but can be rented out with a shared bathroom. There's also a private room for the owners! Advice about running the business will be shared if/when the property is handed over to a winner. However the Raffall page doesn't provide too much detail and omits important business information such as turnover and net profit. We suspect that the current pandemic may well have had an impact on the business but it does have good ratings on Booking.com.
To enter the raffle you need to be registered with Raffall. This can be done via Facebook or email login. Once at the house raffle page it's a case of answering a question and purchasing tickets. The question pops up in a window which we found disappeared very quickly. Tickets only cost £2.50 and there's no limit to the number you can purchase. You can purchase online using debit cards. No donations will be made to charity as part of this competition.
150,000 Ticket Sales
The owners of the property aim to sell 150,000 tickets (total revenue £375,000) by the start of August 2021 in order to conclude the draw. If insufficient tickets are sold then the winners will receive a share of the compensation amounting to 75% of all ticket sales. All compensation payments are guaranteed and paid directly by Raffall Limited. Note that if 100% of the tickets are not sold then the promoter receives nothing.
If it's hard for normal homes to sell via a raffle then speciality properties are going to find it even harder. Many folks dream of running a B&B business but will there be 150,000 willing ticket buyers? We do think that from a business perspective then more details need to be included - running costs would be useful as well as income/profit. What needs to be done to the property to maintain it? How has covid impacted running a B&B? Of course a potential winner doesn't have to run a B&B and maybe a student let would be a better alternative? The ticket price is decent and we think that some may fancy a punt at £2.50.
Disclaimer: Details shown above were correct at time of writing and are provided for information purposes only. Images are used under fair use policy. Map location is approximated by Google based on postcode/location info. Any links provided are not an endorsement from Loquax. In some cases Loquax may earn a referral fee from sales this does not effect our review. We strongly advise all visitors do due diligence on each contest before deciding to enter. Terms and conditions apply. Begambleaware.org.
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