Superb 22 Bedroom Hotel | | Blackpool Lancashire | | SUPERB 22 BEDROOM HOTEL Advised annual turnover of £49,000 with potential to increase Set in the heart of Blackpool's town centre | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67809
ADVERT IMPRESSIONS : 13,588 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £295,500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB 22 BEDROOM HOTEL
Advised annual turnover of £49,000 with potential to increase
Set in the heart of Blackpool's town centre
Well presented and maintained business
Scope for further development
Reluctant sale due to ill health
Recently part refurbished
Top 10 on Trip Advisor
FREEHOLD
Location
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 British Rail the hotel is ideally situated to enjoy the shopping and sightseeing, or nightlife and entertainment that Blackpool is famous for. Blackpool is reached easily and has superb road and rail links, the M55 motorway is within a short drive providing access to the nearby M6 motorway providing excellent links to the larger local cities of Preston and Manchester.
Business History
Meridian Business Sales are delighted to offer to the market this 22 bedroom hotel. The business has been occupied by the current owners for the last three years, but they are now forced into a reluctant sale due to ill health. The hotel has a regular clientele and repeat business and word of mouth recommendations have made this business what it is since 2008. Our clients advise us that the current annual turnover is running at approximately £49,000 with a high gross profit figure of £40,000. The business is capable of turning over a lot more given the right ownership, as our clients have not been running it at its full capacity due to health restrictions. The business was formerly 2 separate hotels, and having the foresight to purchase both, the current owners made the business into one large establishment, which now stands out as one of the premium places to stay in Blackpool. One half of the hotel was renovated and decorated recently, whilst the lounge, licensed bar and TV room offers the highest standard of luxury. The rooms are tastefully furnished and have their own unique theme, with no expense spared in the decoration, including tea and coffee making facilities and flat screen TV's. 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 businesses of this calibre rarely stay on the market for long.
Financial Profile
Turnover: £49,000pa
Gross profit: £40,000
Stock approximately: £1,000
Tenure
We are advised freehold
Opening Hours
Trades all year round
Accommodation
Large double fronted property with 22 letting rooms, briefly comprising of:
GROUND FLOOR
Reception area leading to:
Fully equipped modern kitchen with all facilities
Ladies and gents toilets
Fully licensed bar/lounge with seating for 25 people
TV lounge
Dining room with 50 covers
FIRST FLOOR
2 double bedrooms
3 single bedrooms
3 family rooms all with en-suites
1 triple bedroom with en-suite
1 single bedroom with en-suite
1 bathroom
1 shower
3 toilets
SECOND FLOOR
1 twin bedroom with en-suite
8 double bedrooms with en-suite
1 triple bedroom with en-suite
1 family room with en-suite
1 single room with en-suite
Loft area potential for double room with en-suite
EXTERNAL
Outside front patio area with space for 6 seats
Yard to rear of property | | | | | | FOR SALE | | | | | REFERENCE: | 2729 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
