Freehold Hotel Development Opportunity Derbyshire | | Undisclosed Derbyshire | | DERBYSHIRE F/H HOTEL / DEVELOPMENT OPPORTUNITY Main Rd location in tourist area 35 cover restaurant with additional 90 covers & function room 22 rooms all with en suite facilities A/T: £240,000 GP: 50% Ideal for developer to convert into flats - high student area or for a Pub. F/H: £855,000 +SAV REF: 9493SK | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 44371
ADVERT IMPRESSIONS : 42,612 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £855000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Our clients well tended hotel is conveniently located on a main road, opposite a park in a highly desirable North Derbyshire Spa town. It stands alone in a very prominent location close to the Opera House.
The area is of world wide renown and enjoys a high level of tourists both from the UK and abroad. The surrounding countryside is breath taking.
THE BUSINESS
Advent Business Sales is delighted to have been instructed to offer to the market this extremely well established hotel which has been trading successfully for the past 50+ years.
The current vendor has been in ownership for the past 8 years and is reluctantly selling due to other business opportunities.
The hotel is a traditional hotel and the customer base is local, UK wide and international with many returning clients. Website generated bookings as well as telephone, reservations through late rooms and also Evllvo.
With a large full commercial catering kitchen, the hotel has a 35 cover dining room as well as an adjacent conservatory restaurant (also function room), which can accommodate up to 90 covers.
To the side of the dining room is a good sized bar area with comfortable seating and a large tv. The hotel has 3 floors and an extensive basement most of which is under utilised.
The hotel is an associate member of hotels and restaurants.
There is also a quiet lounge with many early Victorian features such as moulded coving and long windows with wooden shutters.
The general appearance of the hotel is excellent, upkeep is good and the house gives a warm lived in feel that is both welcoming and highly attractive.
The hotel also has ground floor apartment for the owner consisting of a double bedroom, large lounge, bath, shower and w/c, fitted kitchen with their own entrance to the property from the side of the building.
An opportunity exists for a pub company to acquire the building, open up the ground floor completely, make the conservatory restaurant into the main eating area but keep the upstairs accommodation going on a B&B basis. The town itself is short of this sort of business and if tastefully done, there would be enormous potential.
Another opportunity is to completely redevelop the whole building into flats, as many other houses along the road have done. This could be an excellent possibility due to an ever growing student population and a shortage of accommodation in the town.
This would be an ideal business for the following:
Chef / hotelier
Pub company with B&B
Developer to convert into flats
REF: 9493SK
TRADING HOURS
24 x 7
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £240,000
Gross Profit: 50%
Adj. Net Profit: £47,690
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
Originally a large semi detached building and briefly comprises:
Ground Floor
The entrance is on the right of centre
Large hallway and main staircase
Reception desk
Hotel office
Quiet lounge
Bar
Dining room
Second stairway
Conservatory restaurant
Kitchen prep area
Main kitchen
Rear prep area
Dry store
Sweet/hot drink prep area
Was up area
Unisex disabled w/c
Private accommodation (previously described)
Basement
Central heating and boiler room
Ladies & gents w/cs
Beer cellar
Other under utilised rooms which could be altered
First Floor
Large linen store
Large cleaning/housekeeping cupboard
14 bedrooms
Second Floor
Has the balance of 8 further bedrooms
All rooms are en-suite
External:
Drive
Paved to roadway
Car parking at right hand side of building
Kitchen equipment includes:
Dishwasher
Sink
Steamer
15ft Chest deep freeze
Water boiler
Meat slicer
Double fryer
Grill
3 under fridges
Hot pass
Large hot cupboard
Mixers
6 burner cooker large oven
4 ring cooker top
Extractor hood
Wet bain marie (3 pot)
Potato peeler
3 large fridges
Prep sink
Hand wash sink
TENURE: Freehold
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9493SK / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
