Popular Hotel And Restaurant In Nottinghamshire | | Nottingham Nottinghamshire | | Hotel and restaurant Nottingham, Nottinghamshire T/O: £158,000 GP: 85% Scope to increase turnover 9-letting rooms Well-equipped Loyal customer base | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59892
ADVERT IMPRESSIONS : 9,686 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £845000 | LEASEHOLD: | £130,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Paramount Hotel and Balti Restaurant occupies substantial 2-storey premises ideally located on the A60 leading into Nottingham, Nottinghamshire. The premises benefits from ample private parking and is surrounded by a variety of complementary shops and businesses. The business is approximately a mile from the city centre and boasts easy access to the local A-road network. There are regular buses running through the area and the local railway station is less than 2 miles away. The M1 motorway is approximately 5 miles to the west. Nottingham is a university city and is famed for its links with the Robin Hood legend.
Business History
Preferred Commercial is delighted to offer for sale this popular hotel and restaurant, which was established in 1990 and has been in our client's careful hands since 2007. The business is only now offered for sale due to our client's wish to retire. The premises are well-equipped to suit the trade with a reception area, 9 en-suite bedrooms and restaurant with seating for up to 30 covers. The business benefits from a loyal customer base and also a high footfall from the surrounding area. The premises boast private parking with space for up to 9 cars and a large garden to the rear, with one of just two shisha gardens in Nottingham. The business is currently run at a pace to suit our client and generates a turnover in the region of £158,000 with a gross profit of 85%. We feel this could be further increased by extending the opening hours of the restaurant and establishing a marketing campaign. This is an ideal opportunity to acquire an already popular hotel and restaurant with huge potential to increase turnover. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £158,000
GP: 85%
Opening Hours
All year round
Accommodation Details
Substantial detached 2-storey hotel and restaurant premises with private parking. Briefly comprising:
Ground Floor
• Reception area with seating, desk and computer
• Restaurant with tables and chairs for up to 30 covers, buffet table and bar
• Kitchen with 6 x burner gas oven, 2 x microwave ovens, 2 refrigerators, clay oven, dishwasher, hot cupboard, commercial sink, preparation tables, 2 x fridge-freezers, 1 x freezer
• Store room
First Floor
All letting rooms have en-suite bathrooms, TV, internet access, and tea and coffee facilities
• Single bedroom
• Queen size double bedroom
• Double bedroom
• Single bedroom
• Family bedroom with 1 x double bed, 1 x single bed
• Family bedroom with 1 x double bed, 1 x single bed
• Double bedroom
• Double bedroom
• Family bedroom
External
• Parking area to front with space for up to 9 cars
• Large rear courtyard with paved walkways and covered shisha garden
Tenure
Leasehold
New 5 year lease to be negotiated | | | | | | FOR SALE | | | | | REFERENCE: | 2261 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
