Freehold 13 Room Victorian Hotel | | Undisclosed Staffordshire | | STAFFORDSHIRE FREEHOLD 13 ROOM VICTORIAN HOTEL IN PROMINENT POSITION CLOSE TO TOWN CENTRE EST 26 years, owners s/c quarters, 22 cover restaurant, outliner pp for 8 flats Scope avalible to extend Annual sales:£50,000 FREEHOLD: £750,000 REF NO: 9568B | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 47798
ADVERT IMPRESSIONS : 24,336 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £750,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Our client’s extremely well established hotel occupies a very prominent position only two minutes walk from a major south Staffordshire town centre, five minutes walk from its railway station which has main line links to the capital. The road passing the hotel is a major feeder into the town and gives the hotel excellent exposure to possible guests.
The A5 trunk road is easily accessible leading to the M42 motorway and onto the Midland motorway network. Many local attractions are close to the town and include the National Exhibition Centre, Drayton Manor Park, Twycross Zoo and the Belfry International Championship golf course. The town is close to being halfway between both Birmingham International and East Midlands Airports.
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established hotel/guest house which has been trading successfully for the past 26 years.
The current vendor has been in ownership for the last 6 years and is reluctantly selling due to another major business project.
The customer base is a mixture of approximately 60% corporate and 40% private. Occupancy is at present only at 40/50% due to the vendors other business interest which has forced her to downsize the hotel’s business.
Revenue in recent years has been in the region of £80,000 to £90,000.
The hotel appears on two major booking websites, bookingdot.com and infotel which they are a member of, as well as appearing on Yell.com.
The hotel has 13 letting rooms, all en-suite ranging from singles/doubles/twins/ family and triple.
Rack rates are:
Singles @ £35 to £40 per night,
Twins @ £50 to £55,
Triple @ £70 to £75,
Double @ £50 to £55,
Family @ £75 to £80.
These rates do not include breakfast.
Since the present owner brought the property, approximately £50,000 has been spent on refurbishing a new kitchen, bathroom and added accommodation, office facilities and a gym.
The décor and ambience of the hotel is of a very high standard, as are the facilities and catering equipment.
The business has both alcohol and entertainment licences which could be transferred to a new owner at their own cost.
The hotel has a large lounge and bar with an excellent twenty two cover dining room and a separate lounge for meetings, private parties or additional dining.
There is a generous car park between the main building and the rear annex. Within the annex is a self contained owner’s accommodation with fitted bedroom/ sitting room with wardrobes and a bathroom.
Based on the hotel’s present activity, the business is staffed by one full time employee and two part time employees.
REF: 9568B
TRADING HOURS
As required
EXPANSION POTENTIAL
This is an ideal business for a husband and wife team either wishing to live on the premises or in separate accommodation. It would be preferable to have hotel/catering experience.
The occupancy rate could be increase by:
1. Opening the restaurant up to the general public
2. Convert the property to 8 flats – outline planning has been done for this possibility and although not official, the local council has been spoken to and has shown no objection to the idea
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £50,000
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.
LEGAL COSTS:
Each party is responsible for their own legal costs. | | | | | | FOR SALE | | | | | REFERENCE: | 9568B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
