Stunning 10 Bedroom Hotel Restaurant And Wedding Venue | | Undisclosed Powys | | STUNNING 10 BEDROOM HOTEL, RESTAURANT AND WEDDING VENUE £300,000 worth of fixtures & fittings included within the sale price Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65820
ADVERT IMPRESSIONS : 10,950 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | LEASEHOLD: | £445,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | STUNNING 10 BEDROOM HOTEL, RESTAURANT AND WEDDING VENUE
£300,000 worth of fixtures & fittings included within the sale price
Early interest and viewing is highly recommended
Extremely low rent of £26,328 pa to include vat
10 luxury bedrooms with scope to increase
Advised annual turnover of £490,061
Rare opportunity not to be missed
Large owners’ accommodation
Popular wedding venue
Lifestyle business
No water rates
Stately home
LEASEHOLD
Business History
Meridian Business Sales are privileged to offer to the market this superb 10 bedroom luxury hotel and mansion set in 270 acres of tranquil countryside. The business has been established for over 50 years and has been in the careful hands of our client for the last 9 years. The only reason this rare opportunity is being offered to the market is due to ill health. Our clients have gone to considerable expense and effort on the presentation of the property and are very generously including all fixtures and fittings within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. The business is owner operated and family run and employs 3 full time and 15 part time members of staff. The advised annual turnover is £490,061 with a gross profit of 69.4%. The turnover derives from 50% wet and dry sales, serving the finest food and drink savoured in elegantly furnished surroundings with attentive and knowledgeable staff to make your meal unforgettable. They cater for formal and informal dining, ranging from afternoon tea and homemade cakes in the bar to a dinner cooked to perfection in one of the 4 distinctive restaurants. Local ingredients and suppliers are used wherever possible and many of the ingredients are traceable to source. Functions account for 25% of the turnover as the hotel is the ideal place to hold a function. Whatever the occasion, be it an anniversary, birthday celebration, christening, retirement, engagement party or a special family/friends get together, this business offers excellent facilities and a superb service as well as a range of party menus & buffet options to suit everyone. The remaining 25% comes from room income and there is a choice of 10 individually designed rooms and suites named after nearby areas and every one boasting unique welcoming features. All the rooms and suites are fully equipped to cater for ones every need. From the stylish comfort of the superior double rooms to the spacious accommodation offered by the family rooms and the palatial glamour within the premier suite. The business attracts about 50 weddings a year and the hotel has permission to use the marquee outside on 6 occasions per annum. There are some rooms that are still unused and with further investment they could be transformed into letting rooms. The grounds also have 120 private caravans on site and they are crying out for a club house so again scope to increase turnover. This is an outstanding unique and rare opportunity and as such Meridian Business Sales recommends early viewing.
Financial Profile
Turnover: £490,061pa
Gross profit: 69.4%
Stock approximately: £8,000
Tenure
Leasehold
Original length: 15 years
Remaining: 13 years
Review: Annually
Rent: £26,328pa inc VAT
Opening Hours
Monday: 8:00am - 11:00pm > 6:00pm - 11:00pm
Tuesday: 8:00am - 11:00pm
Wednesday: 8:00am - 11:00pm
Thursday: 8:00am - 11:00pm
Friday: 8:00am - 11:00pm
Saturday: 8:00am - 11:00pm
Sunday: 8:00am - 11:00pm | | | | | | FOR SALE | | | | | REFERENCE: | 2673 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
