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Two Shetland Hotels for Sale - Established Leisure Company, £2.5M Turnover, £717K Adjusted EBITDA

Undisclosed, Shetland Islands

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    18/03/23

  • Advert ID

    510232

  • Reference

    48694 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £3,900,000
  • Turnover: £2,500,000 (£48,077 Per week)
  • Net Profit: Not Applicable

Business Details

Two hotels Shetland

30-year trading history under the current director, operating as a hotel since the 1930s.
Both properties within a short drive of each other, local to the airport and numerous tourist attractions.
Nearest competing hotel is c.24 miles north in the island capital of Lerwick.
Income diversified through business, tourism, and local oil industry.

Kings Corporate are delighted to present Project Brooke, a leisure company . The business is well-established and its two hotel in Shetland, making it an excellent acquisition. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a freehold basis. Ref: 48694
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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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The data showed regarding this advert 'Two hotels Shetland - 48694 / 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.