Freehold Private Two Star Hotel | | Undisclosed Relocatable | | Freehold Private Two Star Hotel Ref.AC209 Location Plymouth Asking Price £ 1,250,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 31111
ADVERT IMPRESSIONS : 610,219 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | ££ 1250000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This hotel is located within a few minutes walk of the city center and within easy reach of Plymouth Hoe. The imposing Grade Two listed building is over two hundred years old and the character and feel that you would expect from a hotel of this age and standing.
Over recent years the building and rooms have been subject to substantial renovation and the purchaser will be acquiring a business requiring little further attention. Every one of the twenty-one bedrooms has been fully redecorated and benefits from an en suite bathroom, coffee and tea making facilities and a flat screen colour television.
Guests and non-residents can enjoy a drink in the atmospheric oak paneled bar prior to dining in the restaurant that can cater for circa seventy covers at any one time. The hotel is a free house and has no ties to any suppliers.
Key to the catering success has been the extensive refit of the kitchen. A state of the art extraction system complements new cooking ranges, fridges and preparation areas and creates a comfortable working environment for the chef.
Key Strengths:
Such is the level of refinement this hotel could easily be regraded to a three star establishment. Its key strength for many years has been to maintain a good level of occupancy. This loyalty has been achieved by establishing and maintaining relationships with companies and individuals who regularly visit the city in the normal course of business.
It is also a popular destination for those travellers bound for the continent and who require somewhere to stay prior to an early ferry crossing!
This is not part of a soul less chain of hotels. The welcome is both warm and genuine and the service levels high. The hotel has an average occupancy of over seventy five percent with much of that footfall being repeat customers.
Growth and Expansion:
Over recent years the business has seen an increase in the levels of tourists visiting the city and surrounding areas and needing a comfortable base from which to enjoy their holiday.
The hotel is an ideal answer to their problems being close to the city centre with numerous restaurants, theatres, clubs, pubs and galleries within easy reach. The hotel has the added advantage of available parking that is always of significant benefit to the traveller at the end of a long journey.
The operation also plays host to a number of weddings and receptions during the course of a year and this part of its revenue stream would benefit from being properly promoted.
Key Opportunities:
The tourist sector is one to be developed as many UK residents are now choosing to holiday in the British Isles. The South West remains a popular destination and city breaks form part of that growing market.
Advertising and Marketing:
The hotel does have a web site.
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:
One manager
Associated staff as required
Support and Training:
The handover of the business would be a straightforward issue. The existing manager will remain in post and as such an investor or existing hotelier would find it a very straightforward acquisition to take over.
Reason for Sale:
The owners have decided to retire.
| | | | | | FOR SALE | | | | | REFERENCE: | AC209 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
