Freehold Hotel With 26 Rooms | | Undisclosed Norfolk | | SUFFOLK FREEHOLD ESTABLISHED PRINTING COMPANY WITH OWNERS ACCOMMODATION Located in mixed residential/commercial area Established blue chip client base 3 bed property with yard included A/T: Circa £114,700 GP: 13% Fully equipped with loyal staff Excellent lifestyle opportunity F/H: £180,000 +SAV REF: 9717NR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61662
ADVERT IMPRESSIONS : 14,477 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £390000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Conveniently located hotel close to all local amenities, with the town centre nearby
Densely populated area surrounded by complementary businesses and tourist attractions
25 yards from the promenade and beach front, the Marina Centre with heated swimming pool and within easy walking distance to the popular pier, circus and Sea Life Centre, along with many other places to visit
HISTORY
Established for over 60 years, under current vendor for the past 12 years
One of the first hotels in the area with a lift
Steeped in history and exceedingly popular amongst regular holiday makers
Majority of business is through word of mouth and from recommendations, good service and family/fun orientated atmosphere
90% regular occupancy
REASON FOR SALE
Vendor retirement
SERVICES
Accommodation for guests up to 26 bedrooms, with a good selection of single, double, twin and family rooms
All rooms are tastefully decorated and attractively furnished
Private bath or shower room in all rooms, central heating, television and complimentary tea/coffee making facilities in all rooms.
Capable of providing services for weddings, parties, social and business events
Bar area serving alcoholic and non-alcoholic drinks
Bed and breakfast and evening meal service capabilities
Reception and relaxation area
Rooms cleaned daily and beds made, with towels changed each day when customers say
CUSTOMERS
A vast range of clientele attracted, being mostly holiday makers and including a regular loyal customer base visiting year after year
Very popular with coach parties from other parts of the UK
SUPPLIERS
Consumables supplied through a variety of trade sources
STAFF
Currently employing two resident managers (Husband and wife on a full time basis)
Four part time chamber maids
Vendor as and when needed
TRADING HOURS
As customer demands dictate with 24 hour access through key issued
Due to regular coach parties and off-peak special offers the hotel is open all year round, except for January closedown
FINANCIALS
Annual turnover is circa £155,000
Gross and net profit figures: TBA
PREMISES
Ground floor:
Entrance into reception and comfortable lounge/TV area.
Bar room with tables, chairs and dance floor.
Well equipped kitchen.
Dining room for up to 46 covers.
Operational lift servicing the hotel comprising of 4 floors
26 bedrooms over 3 floors
Three rooms have an en suite bath, the remainder an en suite shower room.
Ladies & gents W/Cs
Overall accommodation
10 doubles, 7 twin, 4 singles, 1 family, 2 with 3 single beds, 1 drivers, plus accommodation for resident managers
First floor:
3 double rooms
2 twin rooms
1 single room
1 room with 3 single beds
Second floor:
3 double room
3 twin room
1 single room
1 room with 3 single beds
1 family room
1 room for drivers
Third floor:
4 double rooms
2 twin rooms
2 single rooms
+ Resident managers room
STRENGTHS
Very well established
Regularly enjoys high occupancy rates due to coach parties and off-peak special offers
Open all year round, except for closure in the month of January
Excellent location close to local attractions and beach/sea front parade area
Close to the Tourist Information
Large number of rooms
Clean, bright and airy accommodation
Loyal and repeat customer base
Constant level of redecoration and general upkeep with addition of new roof recently
SCOPE
Very little advertising currently undertaken
New website
Introduction of mini bar and room service facilities
Weddings, parties, social and business events
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9978NR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
