Superb 12 Letting Room Hotel | | Blackpool Lancashire | | SUPERB 12 LETTING ROOM HOTEL - LANCASHIRE Advised annual turnover of £42,000 with high GP margins Early viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67377
ADVERT IMPRESSIONS : 14,198 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | FREEHOLD: | £259,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB 12 LETTING ROOM HOTEL - LANCASHIRE
Advised annual turnover of £42,000 with high GP margins
Early viewing is highly recommended
Reluctant sale due to retirement
Scope for further development
Excellent town centre location
Well established business
Open all year round
FREEHOLD
Location
Set on a busy main road in the centre of Blackpool, and opposite central car park, this property is in an ideal location, with easy access to shops, pubs, bars, nightclubs, Blackpool Tower, piers, and other main attractions. Located on Chapel St, it is approx 5 mins from the M55 Motorway. Ideally located in the heart of Blackpool, this thriving town has seen much regeneration in recent years. It is one of the most popular holiday locations for people wishing to stay in the UK, and has seen a growth in tourism in the last few years. Situated just a five minute walk from Blackpool town centre, Blackpool Tower and Central Pier, the hotel is ideally situated to enjoy the shopping and sightseeing, or nightlife and entertainment that Blackpool is famous for.
Business History
Meridian Business Sales are delighted to offer to the market this 12 bedroom hotel which was been established since 1952 and in careful hands of clients since 2006. Our clients are reluctantly offering the business to the market due to unfortunate ill health and the desire to take a well deserved retirement. During our clients stewardship they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that the annual turnover currently runs at £42,000, which is derived from offering good bed & breakfast facilities, very little marketing has been done to achieve this turnover figure, so with the right foresight and enthusiasm, it would be a very lucrative business. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Financial Profile
Turnover: £42,000pa
Stock approximately: £1,500
Tenure
We are advised freehold
Opening Hours
Trades all year round
Accommodation
The property boasts 12 Letting rooms, including 4 family en-suite rooms, 6 double rooms with en-suite and 2 twins with en-suite, all decorated to the highest standard. The hotel is fully licensed, and has a bar/TV room and lounge on the ground floor as well as a dining room which is tastefully furnished and has a capacity for 28 covers.
GROUND FLOOR
Modern kitchen, fully licensed bar / TV room and lounge, dining room and separate washroom and utility room at the rear of the hotel.
Owners' accommodation, boasts 3 double bedrooms, separate bathroom with shower, large private lounge and conservatory.
FIRST FLOOR
2 family en-suite
2 twin en-suite
2 double en-suite
SECOND FLOOR
2 family en-suite
4 double en-suite
EXTERNAL
Rear yard with a car parking space | | | | | | FOR SALE | | | | | REFERENCE: | 2732 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
