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Hotel Development Op for sale in North Yorkshire

Scarborough, North Yorkshire
Freehold Price:
Advert ID
44696 / Rightbiz
• Fully licensed hotel with 31 en-suite letting rooms
• 2015 turnover £260,000 approx.
• Potential to be converted into luxury apartments
• Beautifully maintained, viewing very highly recommended

Ref. 44696 Fully licensed hotel with 31 en-suite letting rooms, excellent coastal location, highly populated town centre, trading rooms over four levels, parking for up to 20 cars, massive potential for future growth. 2018 turnover of approx. £260,000. Presented to an excellent traditional level, excellent opportunity, Viewing recommended.

This is an excellent opportunity to purchase one of the area’s most prestigious, well established and profitable hotels, with excellent potential for sustained and future growth. This is a fantastic family run hotel, offering 31 beautifully prepared en-suite letting rooms, in North Yorkshire.

This fantastic traditional hotel is located on a prominent main road position overlooking the coastline.

Having successfully operated within the family for over 40 years and under current ownership for the last 22 years, this business has become very highly renowned and has earned itself an excellent reputation for offering the best bed and breakfast facilities and bar service during the evenings. Due to the nature of the business, the owners benefit from a large number of satisfied customers, therefore attracting repeat trade to the business from the large numbers of annual holiday makers. The hotel has an extremely popular games room and a bar area and also profits from a number of clubs and meetings over the summer months.

The business operates from a highly visible, five storey terraced premises, which is presented to an excellent standard with an excellent range of fixtures and fittings to go with the sale.

This is a thriving and lucrative business, which is run by the owners and 3 full time seasonal staff members. The hotel trades 12 months of the year, but has a near full occupancy during the summer months.

The business offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic couple or family, that have the opportunity to assist the business to continue to thrive, or consider other business opportunities such as residential avenues.

This is a first class, high turnover, excellent business opportunity with fantastic scope for future growth. A viewing is therefore highly recommended to avoid disappointment.

Summary. A fantastic and rare opportunity to purchase a highly profitable business, with terrific potential for future growth and improvement. To avoid disappointment, a viewing is highly recommended.
Listing Details
Freehold Price: £949,999
Tenure: Freehold
Location: Scarborough, North Yorkshire
Sector: Hotels
Contact Agent
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Advert Reference: 44696 / Rightbiz

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