| | | AC199 -NOTTINGHAMSHIRE-£1,174,000-FOR SALE CHATTERLEY HOUSE HOTEL FREEHOLD 12 BEDROOM HOTEL AND RESTAURANT | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 22,082 TIME(S)
BUSINESS REFERENCE : AC199 / RightBiz | | | | | | For Sale Chatterley House Hotel Freehold 12 Bedroom Hotel and Restaurant Ref.AC199 Location Nottinghamshire Asking Price £1,174,000 | | | BUSINESS LOCATION: | Undisclosed Nottinghamshire UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | FREEHOLD: | £1,174,000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.
This lovely Freehold Hotel has been family run with great passion and drive since the tenure of their ownership back in 2001. The Hotel and its facilities have been constantly updated and improved since then, and the hotel now stands grandly on its ample plot, facing a main road and a large industrial development, and is surrounded by open space countryside.
The Hotel welcomes its visitors with a feeling of elegance, from its initial visual impression, its large and ample car park in front of the building and on to its warm, welcoming and elegant interior.
Although well serviced with visitors wishing to stay in the Hotels 12 en-suite bedroom accommodation, the owners have developed a fine reputation for their Restaurant and its food. The 54 cover Restaurant has received several excellent reviews in local publications, and is very popular with local residents and commercial customers. The large and expansive Lounge and Bar area leads on to the Restaurant and Conservatory area, where small/medium conference type bookings are regularly taken for up to 26 people.
The accommodation consists of 6 x Doubles, 4 x Singles, 1 x Twin and 1 x Budget bedroom, including some four poster bed accommodation. The Hotel also includes a large 1 bed owner’s apartment which could easily convert into two bed accommodation if required.
The fiscal performance of this Hotel has been steadily increasing throughout the current owners tenure and represents an excellent opportunity for a private or commercial investment source to take on and develop this project further, having had a solid platform built for the future.
Equipment:
The Hotel owns and maintains an inventory of equipment machinery and general tools which it uses in the daily pursuance of its trade. All such inventory is expected to be included in a successful sales package.
Customer Service:
The business has steadily built an excellent reputation in its geographical area, largely by word of mouth recommendation and third party referrals, for the standard of its accommodation and its excellent Restaurant.
Growth and Expansion:
The Hotels Restaurant currently only opens on a five and a half day basis. This could easily be extended to include Sunday lunch and the attendant profit area associated. The owners also feel that more development potential exists to enlarge and secure more Wedding business, and they have recently produced a Wedding Brochure to address this potential development.
Key Opportunities:
The Hotel is surrounded on three sides by open countryside and this could open up a myriad of further development possibilities for the future of the Hotel. It is easy to imagine this Hotel as the centre piece to a comprehensive leisure destination.
We are also led to believe that the local area is likely to receive development permission for more Retail Developments, which would obviously vastly increase footfall and passing traffic to the Hotel.
Premises:
The historical hotel premises (as previously described) are connected to all main utilities including Sky TV and a Wi-Fi service. Current annual rates are believed to be circa £12,350.
Security:
The premises benefit from the fitment of a CCTV surveillance system.
Advertising and Marketing:
The company currently advertises in the Food and Drink Guide, has developed and maintains an attractive Internet website, and now produces a Wedding events brochure.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Employees:
The business currently employs 4 full time and 18 part time staff including the 2 Directors.
Support and Training:
Full support and any necessary training will be provided during handover as part of a successful sale package.
Reason for Sale:
The current owners are now wishing to sell the Hotel to be able to enjoy more family life, although one of the owners (who happens to be the Head Chef) has indicated his willingness to consider a possible period of retention under new ownership. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC199 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
