£1m Turnover Castle Hotel Functions & Events Business For Sale | | Craig y nos Powys | | Gothic castle, 2 main functions rooms, private opera house, £1m turnover on weddings and functions, B&B. 25 high quality En-suites and 15 further 'budget' rooms. £3m invested in refurbishment over last 10 yrs. Small annual profit and excellent 'goodwill'. Lease to let or rent £1m Turnover Castle Hotel Functions & Events Business For Sale is located in Powys. | | ADVERT NUMBER : 54980
ADVERT IMPRESSIONS : 15,310 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Private Sale | ASKING PRICE: | Offers Invited | FREEHOLD: | Offers Invited | LEASEHOLD: | Offers Invited | ANNUAL RENT: | Offers Invited | | | | | BUSINESS DETAILS: | A castle in Brecon Beacons National Park. Main income is from 70 - 90 Weddings a year, plus 20 - 30 other functions and fixtures annually. Also in the summer, a thriving B&B business, popular with tourists to the Beacons. The combined Events and B&B business generate circa £1m turnover and achieves a small profit. There have been problems with over staffing and poor management. This means there is potential for considerable improvement in trading volumes and profitability if 'driven' by a competent hotel owner/ manager and management team. £3m invested in the building over last decade. Further refurb works ongoing, funded by trading income. Living accommodation for owner/ manager(s). Full furnishings and facilities available. Reason for sale: owner wants to retire from the business and move his family to Wiltshire. Owner is not prepared to run the business hands-on and wants a change! Would also consider a commercial lease arrangement, to a suitable business able to manage the hotel profitably. Massive potential for a strong management team with a good sales force who can 'close'; we receive over 100 wedding enquiries a month!. | | | | | | WITHDRAWN FROM MARKET - AWAITING DELETION | | | | | | | | | | | |
