Spectacular Period Hotel In Ilfracombe Devon | | Ilfracombe Devon | | 54-bedroom Hotel. Ilfracombe, Devon. T/O: £700,000 GP: 64% All en-suite rooms. Open 11 months. Ideally located. Huge scope. Managers'/owners' accommodation. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72194
ADVERT IMPRESSIONS : 8,964 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £795,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Grosvenor Hotel occupies a prominent trading location close to the centre of Ilfracombe in Devon. The hotel is ideally located for all the resort's amenities and attractions. Ilfracombe is a popular tourist resort and an ideal base from which to visit North Devon. The town grew up around its natural harbour and is steeped in maritime history. Seasonal ferries run to the famous Lundy Island, approximately 12 miles off the coast. Barnstaple lies approximately 11 miles to the south.
Business History
Preferred Commercial is delighted to offer for sale this popular hotel, which was established in 1880 and which has been in our client's careful hands since 1973. The hotel boasts 54 letting bedrooms catering for a total of 110 guests, and generates a turnover in the region of £700,000 per annum with a gross profit of 64%. The Grosvenor Hotel offers breakfast and evening meals and entertainment every night of the week. The hotel caters for everyone from independent travellers to coach parties and also hosts functions and themed breaks. The hotel has a large number of loyal return visitors and employs a dedicated team of staff. Our clients operate a rolling programme of refurbishment, with approximately half of the rooms now at 3 star deluxe standard. There is also a 2-bedroom manager's/owner's flat with lounge, kitchen and bathroom. We are advised that planning permission is in place to add a 120 person function room and 12 further bedrooms. An adjacent 3-bedroom luxury town house, currently used as owners' accommodation, is available by separate negotiation. We feel this represents an ideal opportunity to acquire one of Ilfracombe's largest hotels. Early discussions, with Preferred Commercial must come highly recommended.
Financial Details
T/O: £700,000 approx.
GP: 64%
Open:
February - December
Accommodation Details
Substantial period property situated in the heart of the popular resort of Ilfracombe. Briefly comprising:
Ground Floor
• Entrance lobby and reception area with reception desk. Lift and stairs to upper levels
• Office
• Guests' lounge furnished with chairs and occasional tables
• Large lounge bar with tables and chairs, large wood dance floor, stage area, stereo system, recently refurbished bar servery with 6 points of dispense,triple beer bottle chiller, double wine chiller, glass washer, double sink and coffee machine
• Ladies & gents WCs
• Dining room with tables and chairs for 120 covers
• Small function room, situated off dining room, for approximately 25 persons
• Well-equipped commercial kitchen with double refrigerator, 3 x single refrigerators, pass-through dishwasher, toaster, coffee percolator, water boiler, Bain Marie, 6-burner hob and oven, grill, 2 x large plate warmers, double gas fryer, 4-burner hob and oven, griddle, combi-oven, mixer, meat slicer, double sink unit and wash up area, 3 x preparation tables, 5 x chest freezers and potato peeler
• Manager's/Owner's apartment comprising lounge, kitchen, bathroom, double bedroom and single bedroom
• Store room
• Boiler room
• Cellar
Guest Accommodation
• 8 x standard family room with double and single beds and en-suite facilities
• 4 x deluxe family rooms with double and single beds and en-suite facilities
• 7 x standard twin rooms with 2 x single beds and en-suite facilities
• 1 x deluxe twin room with 2 x single beds and en-suite facilities
• 15 x standard double rooms with en-suite facilities
• 4 x deluxe double rooms with en-suite facilities
• 8 x single rooms with en-suite facilities
• 3 x deluxe single room with en-suite facilities
• 1 x superior suite 'The Belgrave' with double bed and en-suite facilities
• 1 x superior suite 'The Torrs' with double bed and en-suite facilities
• 1 x superior suite The Capstone' with double bed and en-suite facilities
• 1 x superior suite 'The Runnymead' with double and single beds and en-suite facilities
External
• Off street parking for 6 cars in a compound opposite the hotel
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2953 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
