Fantastic Hotel And Cafe Bar For Sale In Hull | | Undisclosed East Riding of Yorkshire | | A SURPERBLY LOCATED 23 BEDROOMS HOTEL & CAFÉ BAR WITH HUGE POTENTIAL GROWTH. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 41333
ADVERT IMPRESSIONS : 60,856 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £799950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The current hoteliers have owned and successfully ran the Hotel for a number of years. They are now looking to retire, hence an opportunity of this size coming to market. The business is generally split in two - the Hotel & the Cafe Bar. The Hotel - the Hotel is run on an 90% occupancy level Monday to Friday with contractors who choose to stay at the hotel on a regular basis. The Hotel offers very generous/competitive room rates for their contractors and at present this generates in excess of £3,000 per week for only 4 nights a week. There is certainly scope to increase this revenue significantly. Hull is fast becoming a more and more popular destination, the tourist industry is booming, however the current owners do not pursue weekend trade. It would be very worthwhile and profitable for the next owners to tap into this lucrative revenue stream with some solid consistent advertising. The Bar - In 2008 the current owners invested over £180,000 modernising the bar and restaurant area to its current high specification. Due to the current economic climate/recession the bar is yet to fulfil its true and anticipated potential, however is turning over a promising £2,000 per week. The current owners expect the potential turnover of the bar to be in the region of £10,000 per week. The potential has been showed on a number of occasions and is regular occurrence when Hull City Football Club play at home. On match days the daily takings are, on average, an impressive £3,000-£4,000. This indicates the true potential of where the revenue stream could and should be. It is arguable that the current owners have become reliant on the revenue from its regular contractors, and missed the opportunity to tap into the lucrative weekend trade (situated in a prime location, ½ mile from Hull city centre and its many attractions) and the local nightlife. Despite difficult trading times and without much weekend hotel trade, the overall turnover of this business is still in excess of £300,000 per year. It is very clear to see the huge potential scope for this business. It is anticipated with the right ideas the new owners would be able to increase revenue significantly. Simply ways to achieve this would be tap into the weekend tourist trade, advertising the bar and restaurant on the local scene , increase the number of letting rooms (opportunity to buy land to rear and extend), introduce themed rooms, increase occupancy levels, better and more consistent advertising, promote weekday evening meals and increase the accommodation price per person per night. THIS IS A FANTASTIC AND RARE OPPORTUNITY TO PURCHASE SUCH A FREEHOLD BUSINESS WITH ENORMOUS POTENTIAL | | | | | | FOR SALE | | | | | REFERENCE: | 0353 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
