Profitable 3-Star 40-Bedroom Hotel with En-suite Facilities for Sale in Isle of Man
Undisclosed
- Status
FOR SALE
- Date Submitted:
13/12/23
- Advert ID
603882
- Reference
50700 / Rightbiz
- Call Agent:
- Freehold: £1,800,000
- Turnover: £676,669 (£13,013 Per week)
- Net Profit: £125,310 (19% Profit margin)
Business Details
3 STAR 40 BEDROOM HOTEL ISLE OF MAN
40 BEDROOMS ALL EN-SUITE ALL OF EXCELLENT SIZE .TWO BARS , RESTAURANT/FUNCTION ROOM
TURNOVER £676,669 Y/E 12/22
HEALTHY PROFITS OF £125,310 FOR SAME PERIOD
INTERESTING OWNERS ACCOMMODATION (TBD)
FREEHOLD BUSINESS OPPORTUNITY
This is an exceptional business opportunity which has a superb reputation with 2022 turnover of £617,019 and an impressive Profits of £125,310 and the current owners are expecting at least the same again for 2023 . This is in a truly walk in condition with no immediate investment required with the current owner over recen years making substantial investment in improvements. This is a quality hotel in an amazing location this an opportunity not to be missed Ref: 50700
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Listing Statistics
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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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