Top-Rated Midland Hotel in Appleby-In-Westmorland, Cumbria Up for Sale
Undisclosed, Cumbria
- Status
FOR SALE
- Date Submitted:
09/01/24
- Advert ID
604757
- Reference
50720 / Rightbiz
- Call Agent:
- Freehold: £549,950
- Turnover: £124,895 (£2,402 Per week)
- Net Profit: £6,537 (6% Profit margin)
Business Details
AWARD WINNING MIDLAND HOTEL APPLEBY IN WESTMORLAND
FIVE LETTING ENSUITE BEDROOMSSTUNNING THREE BEDROOM OWNERS’ ACCOMMODATION
MULTI AWARD WINNING HOTEL
EXCELLENT LOCATION WITHIN A BEAUTIFUL TOWN
TURNOVER Y/E 03/23 WET SALES ONLY £124,895
HUGE POTENTIAL GROWTH
RELUCTANT SALE DUE TO ILL-HEALTH
The Midland Hotel is an exceptional 5 bedroom hotel with Restaurant/Bar which has been successfully managed by the current owners for over 13 years and have continually maintained the premises throughout. With a healthy turnover of £124,895 from 'wet sales' only. With the reintroducing of meals this figure could easily be doubled based on previous years however, due to the current owners ill health they have chosen to mange the business as wet sales only. The potential is huge for the new owners, due to the location and the support from the local community and tourists . Ref: 50720
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Listing Statistics
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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