Freehold 26 Room Hotel With Potential | | Undisclosed West Midlands | | WEST MIDLANDS FREEHOLD 26 ROOM HOTEL WITH POTENTIAL High visible location on main rd nr University Est 35 yrs, Bed & breakfast with bar 26 rooms, large garden and lounge -suitable for weddings & business events A/T: £140,000 Scope for further business activity & offer full food menu F/H: £695,000 +SAV REF: 9936B | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59396
ADVERT IMPRESSIONS : 11,896 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £695000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Highly visible main road position close to city centre
• Densely populated urban location with local retail parks and university
• Perfectly situated to attract both private and professional patrons
• 13 space car park to the front
HISTORY
• Originally property of Birds Custard
• Established for 35 years, under current vendor for the past 7 years
• Expansion has seen a number of bedrooms created due to demand
REASON FOR SALE
• Vendor relocating
SERVICES
• Accommodation for guests in up to 26 bedrooms
• Large lounge area with adjacent conservatory capable of providing services for Weddings, Parties, Social and Business events
• Patrons have ability to use kitchen facilities
• Bar area serving alcoholic and non alcoholic drinks
• Bed and Breakfast
• In house cleaning facilities
CUSTOMERS
• A vast range of clientele attracted including local teachers, students, loyal professionals as well as regular repeat private patrons
SUPPLIERS
• Consumables supplied through a variety of trade sources
STAFF
• Currently employing 2 x resident managers, full time
• 1 x cleaner, part time
• Vendor as and when needed
TRADING HOURS
• As customer demands dictate with 24 hour access through key issued
FINANCIALS
• Annual turnover is circa £140,000
PREMISES
• 9 Double rooms
• 8 Single en-suite rooms
• 2 Single rooms standard
• 2 Single rooms en-suite with shower
• 1 Twin room with shower
• 2 Twin rooms en-suite
• 1 Double standard room
• 1 Family room
• Entrance hall with reception and bar
• Ground floor hall & toilet
• First floor toilet and shower room
• Breakfast/Dining room
• Large lounge
• Conservatory to rear
• Large garden with 2 decking areas
STRENGTHS
• Very well established
• Excellent visible location close to city centre
• Large capacity of rooms
• Clean, bright and airy rooms
• Large garden area with decking areas
• Loyal and repeat customer base
SCOPE
• Very little advertising currently undertaken
• Introduction of full food menu
• Introduction of mini bar and room service facilities
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9936B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
