18 Letting Room Licensed Hotel In Northamptonshire | | Daventry Northamptonshire | | 18-bedroom Licensed Hotel Daventry, Northamptonshire T/O: £156,000 GP: 60% Scope to increase turnover All letting rooms en-suite Town centre location Private car park | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59218
ADVERT IMPRESSIONS : 12,144 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | LEASEHOLD: | £112,000 | ANNUAL RENT: | £26,600 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
101 Inn occupies 2-storey double fronted premises located on a busy main road close to the centre of Daventry, Northamptonshire. The business benefits from a large car park to the rear along with ample on-street parking in the immediate vicinity. The premises are situated in a largely residential area and Daventry town centre is approximately a half-mile further along the road, where there is a wide range of amenities. There is a bus stop close by. The business enjoys easy access to a number major A-roads around Daventry and junction 16 of the M1 motorway is approximately 7 miles away.
Business History
Preferred Commercial is pleased to offer for sale this 18-letting room licensed hotel, which was established in 1950 and has been operated by our client since 2008. The business is only now offered for sale due to our client's other business commitments. Along with the 18 letting rooms, the large premises boast a function room with bar area and 2-bedroom owners' accommodation. Our client has developed a loyal customer base and provides a venue for local breakfast clubs as well as accommodation for contractors and other regular guests. The property has recently been partially refurbished and all of the double beds and all of the single mattresses have been replaced. The business trades all year round and generates a turnover in the region of £156,000 per annum with a gross profit of 60%. There is a quality web site already in place, which provides information about the facilities, location and contact details and could be further enhanced with the addition of an on-line reservation facility. We feel the business could be easily managed at the current pace and the turnover could be enhanced by embarking on a marketing campaign. The new owner could, if desired, establish a restaurant providing evening meals. We feel this is a good opportunity to acquire a busy hotel, which has further potential and is ideally situated on the edge of the town centre. Early viewing and negotiations with Preferred Commercial is highly recommended.
Financial Details
T/O: £156,000 approx.
GP: 60%
Opening Hours
All year round
Accommodation Details
2-storey, double fronted property with large car park to rear, situated in a main road location. Briefly comprising:
Ground Floor
• Entrance hall with reception desk. Newly refurbished
• Breakfast room with tables and chairs suitable for 28 covers
• Main lounge with tables and chairs, bar servery with 8 x points of dispense, 3 x drinks chillers, glass washer, shelving and electronic cash register. Licensed for up to 100 people and also used as a function room
• Kitchen with dishwasher, 3-door freezer, 3-door refrigerator, ice machine, 4 x fryers, 6-burner gas hob and oven, stainless steel work surfaces and double sink unit
• Cellar room with associated equipment. Currently maintained by Carrs Brewery but not tied
• Storage room with 3 x chest freezers and shelving
• Office
• Ladies, gents and staff WCs
• Dry store and maintenance room with shelving to walls
• 7 x single letting rooms, all with en-suite facilities
• Room 5. Double bedroom with en-suite facilities
• Room 6. Twin bedroom with en-suite facilities
• Room 10. Large bedroom with king-size bed and additional sofa bed. En-suite facilities
• Laundry room with washing machine, tumble dryer and press
First Floor
• Room 100. Twin bedroom with en-suite facilities
• Room 101. Twin bedroom with en-suite facilities
• Room 102. Single bedroom with en-suite facilities
• Room 103. Single bedroom with en-suite facilities
• Room 201. Single bedroom with en-suite facilities
• Room 202. Family room with double and single beds and en-suite bathroom
• Room 209. Large family room with double bed, 2 x single beds and en-suite bathroom
• Room 210. Family room with double and single beds and en-suite facilities
• Owners' accommodation comprising 2 x bedrooms, lounge and bathroom
External
• Prominent main road frontage
• Large car park to rear
• Lawned garden
• Smoking shelter
Tenure
Leasehold
Original length: 25 years
Remaining: 10 years
Review: every 3 years
Rent: £26,600 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2216 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
