23 Bedroom Freehold Hotel Cleveland | | Hartlepool Cleveland | | Phoenix Business Transfer Agents are delighted to place onto the market this exceptional 23 bedroom Cleveland Hotel. The business has been in the hands of the current owner for over 12-years and has been established for over 100-years. The owners now wish to sell the successful business for retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 56181
ADVERT IMPRESSIONS : 15,396 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | ASKING PRICE: | £680,000 | FREEHOLD: | £680,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The particular highlights of the business are:
• Incredibly well established for over 100-years.
• Well established client base and turnover.
• A very traditional easily managed Hotel, operated by a husband/wife team.
• Envious location being centrally located with the advantage of being on the seafront.
• 23 letting rooms with private owners accommodation.
• Being offered FREEHOLD.
• Inclusive of sign written marketing smart car.
Services
The business is a hotel on the seafront in a bustling seaside town within Cleveland. The business is a family run operation with 23-letting bedrooms with the addition of private owners accommodation. The business offers traditional hotel and bed/breakfast services, and offers evening meals throughout the week.
Staffing
The concern employs 3 additional part-time staff predominantly on a ‘when needed’ arrangement. The current owners believe this could be reduced.
Owners Role
The owners’ role is very much full-time and hands-on, working full-time within all aspects of the business.
Marketing
The business generates the majority of it’s business through an established client base and within the local community. In addition, the hotel attracts travelling and tourist clients through a very comprehensive and modern looking web site. The business is well placed to attract direct passing trade and often provides rooms for speculative passing trade.
Competition
The hotel is located within a bustling Cleveland town and therefore competes for business with other local hotels and bed/breakfasts. The business does have a very healthy repeat client base which has been established over many years. The business offers affordable clean and friendly hotel facilities unlike many of the larger more modern larger hotel chains.
Market
The business benefits from a client base that has been developed over 100-years, is well located and established.
Opportunities
The concern has potential. In particular the turnover and profits can be increased by:
• Increasing the current very competitive room tariff.
• Developing the weekend tourist trade.
• Extending the restaurant hours and introducing a wider selection of meals.
• Offering the hotel facilities to clubs and associations for meetings, private parties, etc.
• Marketing of the restaurant to local businesses and residents.
• Introduce beverages and snacks to hotel guests and passing clients.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is centrally located within a bustling Cleveland seaside town. It occupies a corner plot, on a green, overlooking the sea and is clearly visible with easy outside free parking. The building is traditional but functional and has been maintained to a high standard. The property is being offered FREEHOLD and requires a viewing to appreciate it entirely.
The ground floor of the hotel accommodates a reception area, restaurant/dining room, guest sitting room, extensive commercial kitchen, and the owners private accommodation.
The bedrooms are accessed via a staircase within the main reception area. The guest bedrooms are spread over the remaining upper 3-floors, of which 10 are double sea view bedrooms with en-suite, 2 twin rooms with en-suite, 1 single with en-suite, 9 standard double/twin/single rooms, 2 family bedrooms. All the rooms have a colour television, tea and coffee making facilities.
Extensive dry cellarage.
There is an opportunity to offer further accommodation if required.
The building benefits from CCTV, and free parking.
Equipment with sale
All fixtures, fittings and equipment are included within the sale price. A schedule will be made available prior to sale.
Financial Details
Full financial disclosure is available on request and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
The business operates 7-days a week.
Tenure
The property and business are being offered FREEHOLD.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £680,000
Ref: 1863DC | | | | | | FOR SALE | | | | | REFERENCE: | 1863DC / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
