Excellent Leasehold Hotel Public House & Restaurant | | Grantham Lincolnshire | | EXCELLENT LEASEHOLD HOTEL, PUBLIC HOUSE & RESTAURANT Advised turnover of £157,653 PA with good gross profit returns Ideal location in the centre of Grantham, Lincolnshire | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65896
ADVERT IMPRESSIONS : 16,026 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £210,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | EXCELLENT LEASEHOLD HOTEL, PUBLIC HOUSE & RESTAURANT
Advised turnover of £157,653 PA with good gross profit returns
Ideal location in the centre of Grantham, Lincolnshire
Early interest and viewing is highly recommended
19 guest bedrooms and 48 cover restaurant
Sale price includes all fixtures and fittings
Free of tie 50+ capacity public house
2 bedroom owners’ accommodation
Exclusive rear 20+ vehicle car park
Stainless steel commercial kitchen
Ideal lifestyle change opportunity
Genuine reason for sale
LEASEHOLD
Location
This excellent leasehold hotel, public house and restaurant is situated in the beautiful market town of Grantham which is part of Lincolnshire. The property benefits from having a central town position which gives very easy access to all the town’s major facilities and attractions. The hotel also benefits from having The Grantham Museum and Grantham College close by which makes it an ideal place to stay. The town offers everything you would expect from a thriving modern area including excellent central shopping facilities, good schools, NHS services, a range of entertainment and leisure complexes coupled with neighbouring open countryside. Grantham has excellent road and rail access as it bestrides the east coast main line railway (London-Edinburgh), the historic A1 main north-south road, and the River Witham. The town is approximately 26 miles south of the city of Lincoln and approximately 24 miles east of Nottingham. The M1 motorway is approximately 30 miles away making visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this beautiful opportunity which has a proud history dating back to the early 1970s. Since 2006 it has been owned and run by our clients who are only now placing it onto the market due to their growing family commitments and their need for a change in lifestyle. The business achieves a very respectable advised annual turnover for of £157,653 which is derived from offering excellent accommodation services from its 19 bedroom hotel, popular hot and cold food menu from the 48 cover restaurant and its public house which operates on a completely free of tie basis which serves an excellent range of beers, wines and spirits with complementary hot and cold beverages. Our clients have worked exceptionally hard on the business’ reputation which has resulted in a consistent trade throughout the year. The hotel also sees a high amount of new customers derived from good word of mouth recommendations and from the highly visible trading position situated in the town centre. Our clients have also gone to exceptional expense and effort on the property’s presentation which has resulted in a very inviting facility making it a pleasure to visit. They are very generously including all general fixtures and fittings into the sale price which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. We would like to advise very early interest and viewing of this opportunity as leasehold hotels of this quality that operate on a completely free of tie brewery licence rarely appear on the market.
Financial Profile
Turnover: £157,653pa
Stock approximately: £2,500
Tenure
Leasehold
Original length: 25 years
Remaining: 16 years
Rent: £3,621pm
Opening Hours
Trades all year round
Accommodation
Very well presented and well placed opportunity comprising of 19 guest bedrooms, public house/bar, 48 cover restaurant and 2 bedroom owners’ accommodation, briefly comprising:
Hotel Accommodation
GROUND FLOOR
Open plan reception/welcoming area with fitted serving and payment desk, seated waiting area 6-8 covers.
Meeting/function room (currently used as large office)
FIRST FLOOR
6x Double bedrooms all with en-suite toilet, wash basin bath or shower.
2x Family bedrooms both with en-suite toilet, wash basin bath or shower.
2x Twin bedrooms both with en-suite toilet, wash basin bath or shower.
Utility/linen storage on landing
SECOND FLOOR
3x Double bedrooms all with en-suite toilet, wash basin bath or shower.
2x Twin bedrooms both with en-suite toilet, wash basin and shower.
4x Single bedrooms with wash basins in each room and a shared bathroom.
Bathroom with toilet, wash basin and bath.
Utility/linen storage on landing
Public House / Bar
Open plan area with separate front entrance leading to fitted bar with pumps, spirit displays and cash register, tables, chairs and stool seating throughout and behind bar additional storage space, connecting to hotel reception.
Ladies and gents toilets.
Basement cellar with large storage rooms.
Restaurant
Open plan restaurant with 48 covers, well spaced traditional tables and chairs and stain glass door feature.
Fully fitted stainless steel commercial kitchen.
Pantry/storage/preparation and wash areas.
Owners’ Accommodation
Kitchen with fitted worktops, cupboards, drawers and wash basin; Toilet and wash basin; Large open plan living/dining room with feature fireplace; 2x Double bedrooms; Bathroom with toilet, wash basin and bath; Laundry room and storage space.
EXTERNAL
Front - External seating with picnic benches
Side - Smoking shelter
Rear - Large 20 + car park exclusive to the hotel | | | | | | FOR SALE | | | | | REFERENCE: | 2468 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
