Hotel Restaurant And Bar For Sale | | Undisclosed Gloucestershire | | Grade 11 listed fully refurbished 15 bedroom Hotel in the Cotswolds, with 100 cover restaurant and bar is a popular venue for local trade. With its location the business enjoys weekday trade from business customers and weekend trade from tourism. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61058
ADVERT IMPRESSIONS : 17,805 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | ANNUAL RENT: | £26,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Confidential Sale
Hotel, Restaurant and Bar
In The High Street Of An Historic Wiltshire Town At The Cotswold Gateway
Situated on The Banks Of The River Thames In An Area Of Outstanding Natural Beauty
Viewing Arrangements:
View only by strict prior appointment through Messrs White Horse Associates Ltd
This Grade 11 listed 15 bedroom building is located in a busy High Street of a Town with good local services and nearby attractions with a population of 5,000 and close to a major town in the South West with a population of 250,000. The Town is on a major route across from the M4 to M5 in the West Country and benefits from all year round trade with a high tourism most periods of the year. The property has been a Hotel since the 1800’s and was only licensed to sell alcohol in 1905.
The Hotel has been owned by the present landlord since 2000 and the business is offered with a fully repairing lease arrangement or tenancy agreement depending on the terms negotiationed. The asking rent is £500 per week plus VAT, with annual rent reviews thereafter. The current annual rateable values are £12,000.
The Hotel has undergone extensive refurbishment and remodelling by the owner over the last eighteen months, including all electrical and hot water heating systems replaced the amount spent is ( circa £191,000) creating a really quality venue with great potential.
The Double Door Entrance into the Reception area with Saloon Bars off to the right and separate Dining room to the left gives a well presented entrance to the establishment. The Dining Room with 40 covers serves as the breakfast room for guests and serving lunches and evening meals. In addition there are 50 covers in the Saloon Bar areas for serving lunches and evening meals, food is served 7 days a week. There is additional outside court yard space with further tables and seating for serving meals and drinks in good weather. The establishment holds full licence cover for Alcohol and Entertainment.
The Hotel accommodation is spread over three floors with an additional annex with one room for disabled customers, the main hotel rooms consist of five rooms on the second floor which can be set aside for staff and owners if needed all rooms have en-suites. The present owner uses all rooms for renting with staff using two rooms when needed. The first floor has seven rooms for renting all with en-suites. The annex to the rear of the Hotels main building has three rooms with one set out as disabled accommodation all with en-suites.
The Kitchen is a well laid out facility with ample space to provide excellent service for the Restaurant, Saloon Bars and Outdoor Eating areas.
There is further development that can be exploited with planning permission and licence granted for a wine bar / function room to the basement area of the main building, which has been prepared by the owner and will need completing which he is willing to undertake.
ALTOGETHER A VERY WELL PRESENTED ESTABLISHMENT
The Business has been a well established venue in the Town for many years and when first acquired by the Landlord in 2000 he run the business with a management team. In later years the business was run by a husband and wife team as owner managers of the business as the landlord could not devote enough time to the business with his other commitments, unfortunately due to ill health the owner managers gave up the business in 2009. At that point the Landlord decided to refurbish and remodel the Hotel preparing it for new business owners, therefore the Hotel has not operated at its full potential for the last 18 months.
We are advised that takings are currently average around £4,000 weekly. And has been up to £13,000 weekly historical when the Hotel is running at its full potential. The Landlord is operating the Hotel with minimal staff and his limited time at this stage therefore business can be substantially improved with fulltime commitment form a new owner.
Books and Accounts information is Limited due to the landlords present business involvements and the Hotels records are mixed with his other business activities. However financial turnover for hotel can be identified but not full operating costs. A trading forecast has been produced for the business based on realistic turnover and operation costs.
All Current room rates including continental breakfast are:
£100 per night for a disabled twin
£85 per Night for Deluxe Doubles
£65/55 per Night for Double/Single
There are arrangements with breweries for purchasing discount beers, however the business is not tied to any one brewery so there is flexibility for new owners to negotiate their own arrangements. However these arrangements can only be held by the business and not passed back to the establishment or landlord in future times.
Opening Hours; The Landlord has negotiated very good arrangements with the local council and the following time are presently in affect:
Opening Hours: Monday to Wednesday 11.00am to 1.00am
Thursday To Saturday 11.00am to 2.00am
Sunday 12.00am to 00.00am
Current Staff: Landlord as and when available, Bar Staff: Agency and Casual labour as required. Restaurant Staff: Agency and Casual as required. Kitchen Staff: Agency and Casual Labour as required. Hotel Staff: Par time chambermaid and cleaner, agency staff when required.
Room bookings taken by staff on duty at time.
Price required for goodwill, leases, business fittings, fixtures, utensils and equipment, etc
Stock Extra At Valuation
Photos Available On Request | | | | | | FOR SALE | | | | | REFERENCE: | BSF TP. 1403-11 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
