Back to listings Save

11 Bedroom Hotel in Worthing

Worthing, West Sussex
1 of 1
11 Bedroom Hotel in Worthing Photo 1
11 Bedroom Hotel in Worthing Photo 2
11 Bedroom Hotel in Worthing Photo 3
11 Bedroom Hotel in Worthing Photo 4
11 Bedroom Hotel in Worthing Photo 5
11 Bedroom Hotel in Worthing Photo 6
11 Bedroom Hotel in Worthing Photo 7
11 Bedroom Hotel in Worthing Photo 8
11 Bedroom Hotel in Worthing Photo 9
11 Bedroom Hotel in Worthing Photo 10
Enlarge
11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing11 Bedroom Hotel in Worthing
  • Leasehold: £1,200,000
  • Turnover: £900,000 £17,308 Per week
  • Net Profit: £200,000 23% Profit margin

Business Details

Full description
Tenure: VIRTUAL Leasehold

Description

A delightful detached Grade II Listed building with further potential for additional bedrooms and owner's accommodation, if required, subject to any planning consents being obtained.

Location
Situated in the highly sought after West Sussex village of Findon, a village and civil parish in the Arun District of West Sussex, just four miles north of Worthing and the coast.

The village itself lies between two hills; Cissbury with its Iron Age hill fort to the east and Church Hill to the west. The parish has an area of approximately six square miles and a population of 2,557 persons (2011 census).

With its location just off the main arterial road of the A24, which runs from Worthing to the M25 via Leatherhead and then into London, as well as having the A27 close by running along the south coast, it makes it easily accessible for its guests and other customers.

Ground Floor
Main entrance opening into the guest lounge and reception area, The Terrace Restaurant overlooking the garden, a further function room/overflow dining room named The Ascot Suite and The Snooty Fox Bar.

Fixtures & Fittings
All trade fixtures and fittings are included within the sale.

Letting Accommodation
Findon Manor has 11 beautifully appointed and individually designed en suite bedrooms offering guests a wide choice of accommodation.

External Details
Set within a plot of over two acres, Findon Manor’s gardens are a distinct feature of the property, with beautifully kept lawns and feature flower and shrub borders, all within a predominantly walled boundary.

The gardens offer the facility to erect a marquee and the current business uses one to house up to 300 guests.

On site customer car parking facilities.

Owner's Accommodation
Although there is currently no specific owner's or manager's accommodation within the building, there is space to develop this if required.

The Opportunity
During the current owner's stewardship, the business has had significant investment and this has enabled it to see a strong increase in its reputation and turnover.

Staff
The business is run by a General Manager, supported by a team of full time, part time and casual staff, alongside the owner.

Trading Information
Sales for the current year are expected to be approaching £900,000 net of VAT, with an adjusted net profit of c.£200,000. There is plenty of scope to increase revenue further.

The business enjoys mixed trade including bedrooms, bar, restaurant and functions, as well as an increasing number of weddings throughout the year.

Development Potential
There are potential development opportunities to include additional bedrooms, lodges or yurts, subject to planning consent being obtained.

Business Rates
The rateable value for the business is £39,000. Prospective purchasers are encouraged to contact the Local Authority to establish the rates payable, which may include some form of transition relief.

Regulatory
Premises Licence

Read more

Key Features

Contact Agent

Contact the seller for more details, or book a viewing

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

Do not 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 amount 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.

0 of 0

Contact seller

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.

0 of 0

Recently viewed businesses

Disclaimer

The data showed regarding this advert '11 Bedroom Hotel in Worthing - 12391 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.