Hotel And Bar In Middlesbrough | | Middlesbrough Cleveland | | Hotel and bar, Middlesbrough, North Yorkshire T/O: £158,000 GP: 30% Prime location 12-Letting rooms Loyal customer base | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61276
ADVERT IMPRESSIONS : 15,466 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £429,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
This hotel is ideally located in a prominent position in Middlesbrough, North Yorkshire. The business is situated off the A172, which leads to the A66 and A19. The hotel benefits from ample parking, along with shops and business and nearby amenities within the vicinity. Middlesbrough University is also a few minutes walking distance away as is the nearby shopping centre. There are regular buses running through the area and the railway station is within easy walking distance. Middlesbrough is a large town situated on the south bank of the River Tees. A few miles to the south, lies the edge of the North Yorkshire Moors National Park.
Business History
Preferred Commercial is delighted to offer for sale this popular 12-bedroom hotel and bar, which has been in our clients' hands since 2007 and is only now being placed on the market due to our clients' wish to relocate. The hotel generates a turnover in the region of £158,000 per annum with a gross profit of 30%. The premises boast 12-letting rooms and have recently been refurbished, and a new heating system has been fitted. Our clients' have gained an excellent reputation with a loyal customer base, which ensures much repeat trade. The hotel benefits from owners' accommodation, large commercial kitchen, public bar and function room facilities. There is scope to develop the business further by increasing the opening hours and promoting the function room and food side of the business. We feel this represents an ideal opportunity to acquire a thriving hotel business in such an ideal location and with scope for future growth. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £158,000 approx.
GP: 30%
Opening Hours
Mon: -Sat: 16.00pm - 12.00am
Sun: 12.00pm - 12.00am
Accommodation Details
Substantial detached hotel and bar premises, fully refurbished throughout, situated in a town centre location. Briefly comprising:
Cellar
• Beer cellar with 13 lines and ice maker
• Door leading into garage, cleaning area with tumble dryer, pressing machine, washing machine, heating controls and secure spirit storage
Ground Floor
• Large bar area with 13 points of dispense (all new), chiller cabinets, pool table, ample seating, large TV, and disabled toilet
• Large function room facilities with 2 x stages to each corner, 2 x sets of disco equipment and ample seating
• Large commercial kitchen with large 4-ring hob and oven, 4-pan Ban Marie, 2-pan Ban Marie, extractor fan, preparation area and 2 x freezers and refrigerators
First Floor
• Room 1a: Currently being used as an office but could be converted into another letting room
• Room 1: Triple room with 3 single beds
• Room 2: Twin room
• Room 3: Twin room with en-suite facilities
• Room 4: Twin room
• Room 5: Twin room
• Room 6: Triple room with 3 beds, TV, wardrobe and en-suite facilities
• Room 7: Triple room with 1 double and 2 single beds,
• Room 8: Twin room
• Room 9: Twin room
• Room 10: Twin room
• Room 11: Twin room
• Room 12: Twin room
• 3 x shower rooms with WC and wash hand basin
• Resident's kitchen area, health and safety approved.
External
• Picnic table style seating area to the front
• Garage with owners' parking to the rear
Tenure
Advised Freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2326 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
