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BUSINESS REFERENCE : 1523 / RightBiz IMPOSING DETACHED 12 BED EN-SUITE HOTEL AND RESTAURANT | | | | | | IMPOSING DETACHED 12 BED EN-SUITE HOTEL AND RESTAURANT - SOUTH CUMBRIA Situated on the edge of the Lake District National Park Set in its own beautiful grounds with extensive private parking | | | BUSINESS LOCATION: | Barrow-in-Furness Cumbria UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Motels & Hotels | | SALE: | Agent Sale | FREEHOLD: | £999950 | | | | | | | | | | | BUSINESS DETAILS: | IMPOSING DETACHED 12 BED EN-SUITE HOTEL AND RESTAURANT - SOUTH CUMBRIA
Situated on the edge of the Lake District National Park
Set in its own beautiful grounds with extensive private parking
Turnover £300,000 with gross profits of 78%
Massive potential for growth
Superbly appointed and presented throughout
Bar and two Bar Lounges
Beautiful owners' accommodation
Restaurant and superb separate function room
Excellent year round trade and repeat business
Outstanding reputation for quality and service
All fixtures, fittings and hotel furnishings included
Early viewing is absolutely essential to fully appreciate
FREEHOLD
Location
The Hotel is set in its own private grounds in a leafy Victorian era suburb in the coastal town of Barrow in Furness, South Cumbria, on the edge of the beautiful Lake District National Park.
Whilst set in its own beautiful grounds, the hotel also enjoys being in a position only 5 minutes from the centre of the town. It is ideally situated for the tourist trade and additionally provides for the discerning business person visiting the numerous industries in and around the area.
Take junction 36 North or South bound on the M6 motorway, then follow signs for Barrow in Furness. If travelling from the West Coast follow the A595 toward Askam in Furness and signs for Barrow thereafter.
As well as being a superb base from which to travel to the beautiful Lake District National Park there are also many local attractions for the visitor to enjoy. Barrow in Furness boasts 4 nationally protected beach areas, including 'Sandscale Haws', famed for it's rare flora and fauna, as well as Furness Abbey, a 700 year old Cistercian Abbey, only ten minutes walk from the hotel.
The world famous Laurel and Hardy Museum is situated a short drive away in Ulverston as is the South Lakes Wild Animal Park, Grizedale Forest and The Aquarium of the Lakes.
To conclude, the hotel is not only beautifully situated to take advantage of trade in and around the local area, but also ideally placed for the proud new owners to take advantage of what would truly be a fantastic lifestyle opportunity.
Tenure
We are advised the property is held on a freehold basis
The Business
Meridian Business Sales are delighted to offer to the market this elegant and imposing hotel that has been established since 1986 and has been in our clients' careful ownership for the past 4 years.
After years of hard work, building up a superb reputation and increasing the profitability of the hotel dramatically, our clients now have the opportunity to diversify into other business areas and as such the hotel is reluctantly being offered to the market.
Additionally, it has been a real labour of love for them to restore and renovate the building which now includes 12 en-suite bedrooms, a restaurant, a function room and magnificent bar and lounge areas.
Turnover has increased year on year to a now very healthy level of circa. £300,000 per annum with a gross profit margin of around 78%.
Benefiting from a superb website and being recommended by numerous travel organizations, the hotel enjoys healthy levels of trade all year round catering for tourists and business people alike.
The bar and lounge areas, which include a dance floor, along with the beautifully appointed restaurant and function room all with superb character and features, means the hotel is flexible enough to cater for a whole manner of functions, including weddings and birthday parties to name but a few.
The private living accommodation includes a kitchen diner, lounge bedroom and bathroom. Until recently the owners accommodation included a second bedroom and bathroom, currently being utilised as guest accommodation. If required this space could be easily re-incorporated into the owner's accommodation.
The hotel grounds include a patio area with seating and lawned garden at the front of the hotel, plus 25 parking bays.
There is a superb amount of potential to be capitalised on, building on the reputation so far and further developing the premises itself through extension, or financial turnover by developing under exploited aspects of the business, such as the restaurant. The current owners have offered support and advice to the future owners should it be required.
The business represents excellent value for money, as a hotel and as a potential re-development opportunity. Early viewing is essential to appreciate the full potential of this business opportunity.
Prospects
For The Business & The Local Area
Barrow in Furness is situated on the edge of the Lake District National Park. It straddles town and country - being home to some of the region's most stunning and scientifically important coastal habitats, historic sites and tourist attractions as well as major industrial and manufacturing sites.
Barrow in Furness is home to global defence giant BAE Systems, currently employing 4,440 in Barrow and expanding. The company has generated an electronic and design industry 'cluster' around it, and this in turn has increased the demand for hotel accommodation. This sub-region is also home to a high concentration of energy producing industries. Barrow in Furness and the area is home to 4 offshore wind farms, with 3 further farms planned, 3 onshore gas processing terminals, with a £350M gas storage scheme planned, 3 offshore gas pipelines, one hydropower station, an onshore power station and nuclear power engineering. As with the defence industry, there are a host or companies related to the design and manufacture of products for the energy sector and related to systems integration and support services. Major chemicals and pharmaceuticals companies Glaxo SmithKline, Robert McBride and Elf Atrochem are also based in the area.
Furthermore, Barrow has attracted major regeneration funding in recent years and continues to do so. A new waterfront park is now under construction, with a marina village planned, and Barrow will receive £8.4m in special funding over the next three years to help construct 2 new business parks.
Local industry is therefore not only buoyant, but developing fast. The hotel has benefited from the boom in local development, with the hotel's primary clientele are business guests, who return again and again to the hotel, or stay for long periods of time at the hotel, while working at one of the numerous and major companies in the area.
Local hotels are unable to cope with the demand for accommodation, particularly high quality accommodation, and the Hotel is regularly turning away business.
Financial Profile
Turnover circa £300,000pa,
Gross Profit 78%
Stock £3,000 (approx.)
All hotel fixtures, fittings and furniture included
Ground Floor Facilities
Entrance Porch
The hotel's entrance porch has been maintained with Victorian features, including the front and interior doors, mosaic tiled floor, coving, dado and picture rails and skirting. The entrance is accessible for the disabled, with a removable, portable access ramp.
Restaurant
The hotel restaurant has outlook over the hotel's patio and garden areas. It has the dual purpose of serving as the hotel's restaurant and is hired for meetings and small parties of up to 22. The restaurant has many original and restored Victorian features such as a moulded ceiling, ceiling rose and antique brass chandelier, as well as the original dado and picture rails and skirting boards. It is elegantly decorated, with all furniture, hotel tableware, linens and other restaurant accessories are included within the sale of the business.
Function Room
Situated in parallel to the hotel restaurant, the hotel's principal function room, the Ramsden Room, is an excellent multi-use area and is used regularly for meetings and events. It an extremely light room, with a superb outlook over the hotel grounds. It can accommodate up to 50 delegates sat theatre style, or up to 40 diners. The room features the original dado and picture rails plus original skirting boards. Conference tables, chairs, other furniture, table ware and other accessories are included in the sale.
Occupancy and Room Capacities
The two rooms available for functions can accommodate the following approximate numbers:
Ramsden Room Cavendish Room
Banqueting Style 30 20
Stand up Reception 60 30
Theatre Style 50 40
Boardroom Style 28 20
Classroom Style 20 10
U Shaped table 30 20
Alternative configurations can also be arranged, to suit tables for 2 -10. Additionally, the bar, lounge and dance floor are available for use for all functions.
Hallway and Staircase
The main hallway boasts many original Victorian features, including the original dado and picture rails and skirting boards. Imposing antique furniture and brass chandelier, plus an imposing original staircase are unique features of the hotel. A storage room is accessible from the main hallway.
Reception and Office
The reception and office provides both useful working space and a wonderful welcome and fantastic first impression to guests arriving at the hotel. The reception / office area is part wood panelled, with original skirting boards, dado, picture rail and coving. It boasts an original fireplace and surround in full working order. Desks, storage and filing cupboards, personal computer with hotel management software, fax and printer are included.
The hotel has two lounge areas, sharing a bar. The first lounge is more traditional, containing an original fire place and surround, original dado and picture rails, skirting boards and coving.
This resplendent lounge offers an area of quiet luxury for guests and visitors. Sofas, soft furnishings and furniture will remain as part of the sale.
The second lounge is part of the hotel's extension. Adjacent to the bar, it features several areas for guests to relax in armchairs and sofas, but also provides the extras space for entertainment purposes and the use of a wooden parquet fold away dance floor.
Bar
The bar includes two refrigerators, two sinks and significant storage space. All stock, glassware, stereo system and till.
Kitchen Areas
The hotel kitchen is well planned, with excellent working and storage space. The main kitchen area features two ovens with extractor fan, deep fat fryer, stainless steel work units, hot plate, double sink, two refrigerators, chest freezer and small sink. The kitchen can serve up to 75 covers per evening service.
Adjacent to the main kitchen is a large dry store, still room with sink and storage space and an additional area containing two freezers, two refrigerators, ice box and space for laundry facilities.
The kitchen provides access to the rear of the building.
All kitchen equipment, aside from laundry facilities (available for rental), and stock is included in the sale.
Lavatories
There are ground floor ladies and gentlemen's lavatories and a fully equipped, separate disabled access lavatory.
Chilled Cellar
The hotel cellar provides ample storage space and is air conditioned.
Accommodation
Key Customer Facilities:
Private, on site parking
En-suite bathrooms with bath and shower
Direct dial telephones
Wi-Fi Access
Television, digibox DVD in every room
Compliments tray
Laundry facilities
Hairdryer, iron and board on request
Room Service
Travel Cots
Family Rooms
Fire and Smoke Alarms
Deaf fire warning device
First Floor
7 beautifully appointed guest rooms, comprising:
- 1 Family Room
- 5 Double Rooms
- 1 Twin
Private Accommodation
The owner's accommodation includes a kitchen diner, bathroom, lounge overlooking the hotel grounds and bedroom.
Second Floor
5 Guest Bedrooms comprising:
- 1 Family Room, sleeping up to 4
- 4 Double Rooms
Linen Strore
Fully stocked linen store, with loft access. All hotel linen and cleaning accessories to be included within the sale.
Loft
The building has a substantial loft area for storage purposes.
External To The Building
The hotel is secluded from Abbey Road, and is approached by a long driveway lined with mature trees and foliage. 25 parking spaces are available to the front and side of the hotel. Two storage sheds are situated at the rear of the property. | | | | | | FOR SALE | | | | | SELLER: | MERIDIAN BUSINESS SALES | | CONTACT: | 0845 222 0508 | | REFERENCE: | 1523 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
