Profitable Public House & 10 Room Hotel In Keighley | | Keighley West Yorkshire | | Imposing, well situated three storey building High volume sales, 10 letting rooms Function room with self-contained bar T/o y/e July 07 £348,740, ANP £139,245 Potential for growth/development of business Family owned for nearly 20 years | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58187
ADVERT IMPRESSIONS : 12,942 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Public Houses | | SALE: | Agent Sale | ASKING PRICE: | £1100000 | FREEHOLD: | £1100000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Situation
This Hotel is located in Keighley town centre opposite the train station and adjacent to the busy Sainsbury's Supermarket car park.
The imposing building has a prime position on the main circuit and is a highly visible unit that enjoys all day trade.
Keighley within the metropolitan district of the city of Bradford is situated 11 miles (17.7 km) northwest of Bradford and is at the confluence of the River Aire and the River Worth.
The town is part of the Brontλ Country and allows easy access to the stunning Yorkshire Dales.
The property
Substantial, stone built, three storeys, corner property with a prominent frontage to two sides.
The building has tremendous character and many interesting features.
Internal details
Entrance to the Public Bar seating 125 people on a raised area overlooking the corner bar with ample standing space.
Games Room (capacity 400 people) with a bar servery, three pool tables and additional bottle bar. The games room doubles as a disco venue at weekends and has a dance floor, lighting and music system.
First Floor:
White Rose Function Room licensed for 150 people with a self-contained bar and catering kitchen.
Ancillary areas
Basement with a beer cellar and spirit store room, laundry, staff changing areas and general storage areas.
Large catering kitchen with a dumb waiter connecting the ground and first floors.
Three sets of ladies and gentlemen's washrooms.
Letting accommodation
There are 10 letting rooms located on the second floor of The Hotel comprising:
Three twin rooms.
Three single rooms.
Three double rooms.
One family room.
All rooms have recently been redecorated and although not en-suite have ample shared bathroom facilities.
Owner's accommodation
Lounge with dining area, fully fitted family kitchen, two double bedrooms, bathroom with separate WC, office.
The business
Our clients have owned This Hotel for almost 20 years and have established a loyal customer base in the local community.
The business is very sports orientated and screens many live football games and sporting events along with sponsoring six local football teams.
The Hotel has a popular disco night for the younger clients in the games room and can cater for a variety of functions including weddings and engagement parties.
New owners could push the letting rooms or, alternatively, secure long term tenants to increase the income currently being received.
The business still has much growth potential for new enthusiastic operators.
Trading information
Trading information supplied to us for the year end 31 July 2007 shows sales of £348,740 net of VAT, with Adjusted Net Profits of £139,245 prior to directors' remuneration and inter company rent.
Full trading information will be made available to interested parties who have viewed the business.
Licenses
The property has a Premises License granted by the relevant local authority. It is a requirement of the Licensing Act 2003 that properties serving alcohol have a designated premises supervisor who must be the holder of a Personal License.
Prospective purchasers are advised to take appropriate specialist advice.
Permitted Hours:
Monday to Saturday 10:00am to 12:00 midnight.
Sunday 12:00 noon to 11:30pm.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches whatsoever should be made to the owner or the business. For an appointment to view please telephone 01254 776022. Quote REF 1016 | | | | | | FOR SALE | | | | | REFERENCE: | 1016 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
