17 Bedroom Hotel In Bridlington East Yorkshire | | Bridlington East Riding of Yorkshire | | Guest house Bridlington, East Yorkshire T/O: £25,000 GP: 85% Huge scope Well-equipped Prime location Much repeat trade Loyal customer base | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70493
ADVERT IMPRESSIONS : 13,427 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £310,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Schofield Hotel occupies substantial 3-storey imposing Victorian premises, ideally located in a sought after area on the outskirts of Bridlington town centre, East Yorkshire. The property is surrounded by a wealth of complementary shops and businesses, with the Promenade Shopping Centre at the end of the road. There are a range of amenities and attractions nearby including the Spa Theatre, the promenade, aquarium and a famous harbour. Bridlington is a popular coastal resort and is busy all year round with tourists and day trippers alike. There is excellent public transport links serving the area with a bus station and railway station within easy walking distance. Scarborough lies approximately 20 miles to the north, while the city of Hull lies 26 miles to the south.
Business History
Preferred Commercial is delighted to offer to the market this popular hotel, which has been in our clients' careful hands since 2001 and is only now being place on the market due to our client's wish to retire. The business is run at a restricted pace to suit our clients, generating a turnover in the region of £25,000 per annum with a gross profit of 85%. The turnover is derived from the letting of 17 guest bedrooms on a bed and breakfast basis. We feel the turnover could be further increased by embarking on a modest marketing campaign and from the introduction of a website advertising the business and services provided. There is also scope to expand on the range of food available and introduce lunch and evening meals. The hotel has an excellent reputation, enjoying much repeat trade and word of mouth recommendations. The premises are well-equipped to suit the trade with a large dining room and a commercial kitchen. We have been advised that our clients currently use one of the letting rooms for owners' accommodation. This is an ideal opportunity to acquire an already well-established hotel with huge scope for future growth. Early negotiation with Preferred Commercial must come highly recommended.
Financial Details
T/O: £25,000 approx.
GP: 85%
Opening Hours
Run at a restricted pace to suit
Accommodation Details
Substantial 3-storey hotel Victorian premises with 17-letting rooms. Briefly comprising:
Ground Floor
• Entrance hallway
• Dining room with tables and chairs for up to 30 covers
• Guest lounge with seating and TV
• Owners' lounge
• Office
• Second owners' lounge
• Commercial kitchen
• Storeroom
• Laundry room
• Utility room
First Floor
• 8 x letting rooms, 3 of which with en-suite bathrooms
• 2 x bathrooms
• 2 x WCs
Second Floor
• 8 x letting rooms
• 1 letting room with en-suite facilities
• Bathroom
External
• Rear parking for up to 8 vehicles
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2880 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
