Busy Hotel Restaurant And Bar In Bedfordshire | | Dunstable Bedfordshire | | Hotel, Bar and Restaurant Dunstable, Bedfordshire T/O: £265,000 GP: 75% Scope to increase turnover Well-equipped 17-letting rooms Loyal customer base | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61498
ADVERT IMPRESSIONS : 12,205 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £499,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Kitts Inn Restaurant and Hotel occupies substantial detached premises ideally located on High Street in Dunstable, Bedfordshire. The premises benefit from ample private parking and are close to the town's amenities. The business boasts easy access to the A-road network and the M1 motorway is approximately 3 miles away. There is regular bus routes serving the area and the town centre is within easy walking distance. Luton is approximately 5 miles away and Milton Keys lies less than 15 miles away.
Business History
Preferred Commercial is delighted to offer for sale this busy hotel, restaurant and bar, which was established in 1975 and has been in our clients' careful hands since 1983. The business is only now offered to the market due to our clients' other business interests. The premises boast 17-letting rooms with en-suite bathrooms all finished to a high standard, along with a large bar and restaurant facilities. The business has a loyal customer base and enjoys much repeat trade and word of mouth recommendations. The premises benefit from a constant high footfall from the area and passing trade off High Street. Our clients currently offers a wide range of high quality services including letting rooms finished to a high standard, a bar that's open to the general public and restaurant service that is open to the public and can be booked for functions. We have been advised that the 3-bedroom property next door the hotel is available by separate negotiation. The business is run at a pace to suit our clients and trades 7 days a week and generates a turnover in the region of £265,000 per annum with a gross profit of 75%. There was planning permission for an additional accommodation block that has now lapsed but there is the opportunity to reapply to generate more trade. The new owner could, if desired, establish a simple marketing campaign to generate more custom. This is an ideal opportunity to acquire an already busy hotel, restaurant and bar with huge scope for future potential. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £265,000 approx.
GP: 75%
Opening Hours
All year round
Restaurant and bar are open:
Mon - Sun: 11:00am to 12:00am
Accommodation Details
Substantial detached hotel, restaurant and bar premises with private car park. Briefly comprising:
Ground Floor
• Lounge bar with seating for up to 40 covers, bar with 10 points of dispense, 2 door refrigerator, electronic cash register, optics display and small dance floor
• Restaurant/breakfast room including conservatory, which can be split with seating for up to 60 covers
• Reception area
• Ladies and gents WCs with wash hand basin
• Service area with coffee machine and storage
• Kitchen with 4-burner gas hob and oven, griddle, double fryer, work tables, 2 x microwave ovens, fridge-freezer, 4 x refrigerators, 2 x chest freezers and preparation area with double sink unit
• Dry store room with shelving
• WC with wash hand basin
First Floor
• Office could be easily converted to owners' bedsit
Letting Rooms
Accessed via separate entrance to rear of building
All rooms are on ground and first floors and have double glazing, en-suite showers with WC and wash hand basin, flat screen TVs, Wi-Fi, tea and coffee making facilities
• 7 x twin bedrooms
• 6 x double bedrooms
• 4 x single bedrooms
• Laundry room with washing machine, 2 x tumble dryers and shelving
Cellar
• Fully pumped and piped
External
• Large car parking with spaces for up to 25 cars
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2340 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
