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HIGH QUALITY HOTEL, RESTAURANT & TAKEAWAY BUSINESS

Undisclosed, Cumbria

CONFIDENTIAL SALE

  • Freehold: £999,000
  • Turnover: £575,000 £11,058 Per week
  • Net Profit: Not Applicable

Business Details

• Modern hotel with 10 luxury en suite guest bedrooms
• Popular bar and restaurant with 70 covers and first floor expansion area
• Takeaway fish and chip shop
• Substantial property extended and rebuilt in 2011
• High turnover business in centre of bustling edge of Lake District town


THE BUSINESS/ OVERVIEW
Situated in the heart of bustling edge of Lake District market town, this extensively refurbished and extended property provides three interlinked but distinct businesses which have expanded rapidly since the development was completed in 2011. The 10 guest rooms are all modern and offer a high standard of accommodation each with en suite facilities. The licensed bar and restaurant provides a stylish eatery to residents and non residents alike and the kitchen also services an adjoining takeaway fish and chip shop. 

Normal opening hours for the bar and restaurant are 5pm to 11pm (9.00pm food) every evening and 11.00am to 2.30pm Thursday to Sunday (3.00pm Sunday), and the fish and chip shop 4.30pm to 9.30pm every evening plus 12noon to 2.00pm on Saturday and Sunday.

We are advised that sales for the year ended 31 March 2017 were £557,541. Full accounts will be made available to bona fide applicants, normally after viewing.

ACCOMMODATION
The accommodation includes the bar/ restaurant, takeaway shop, first floor dining area, 8 ensuite guest bedrooms and a managers flat as follows:-

Ground Floor
Bar/ Restaurant with fixed and loose seating and tables for around 70 covers, bar servery and reception desk;
Catering Kitchen and Preparation Areas with full inventory of equipment included in the sale;
Disabled Toilet;
Takeaway Shop with fish and chip fryer and counter;

First Floor
Dining Area with tabled and chairs providing seating for around 25;
Ladies and Gents Toilets;
1 Family Guest Bedrooms with 4 beds;
2 Double Guest Bedrooms or twin each with with en suite shower facilties, tv’s and tea and coffee making facilities;
Store Rooms;

Second Floor
3 Double/ Twin Guest Bedrooms;
2 Double Guest Bedrooms;
2 Single Guest Bedrooms;
Office, Laundry and Store Rooms;

All Guest Bedrooms are modern with en suite shower facilties, air conditioning, tv’s and tea and coffee making facilities.

Third Floor
Managers flat with two bedrooms, bathroom and living room.

All references to areas and dimensions are deemed to be approximate.

SERVICES
We are advised that mains water, electricity, gas and drainage are connected to the property. It has gas fired central heating. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

TENURE
We are advised the property is freehold.

RATES
The property has two current rating assessments:

Description in list          Rateable Value
Restaurant and premises: £16,000
Shop and premises          £2,850

The rateable value is not the rates payable and prospective tenants or purchasers should make their own inquiries with respect to the rating liability.

FIXTURES & FITTINGS
Included in the sale is an inventory of trade fixtures, fittings, equipment and furnishings. Any items not included in these particulars or the inventory are excluded. Stock will be valued separately and taken on completion.

ENERGY PERFORMANCE CERTIFICATE
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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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