26-Bedroom Hotel with Restaurant and Function Room for Sale in Ross-on-Wye, Herefordshire
Ross on Wye, Herefordshire
- Status
FOR SALE
- Date Submitted:
18/03/24
- Advert ID
608368
- Reference
B07912 / Rightbiz
- Call Agent:
- Leasehold: £249,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Well Established 26 Bedroom Hotel For Sale
BusinessPlease quote reference B07912
CoGoGo are delighted to welcome to the market The Paddock Hotel, a highly rated opportunity based in a small village in Ross-on-Wye.
The Paddock Hotel was established over 20+ years ago and came under our client’s careful ownership in 2020 who has continued their success and built up and extremely loyal repeat customer base.
Our client now brings the business on to the market with heavy heart due to their significant health issues.
They are the perfect choice for a staycation because of their beautiful scenic views, versatile function room, bespoke guest rooms, wide range of delicious foods and welcoming and friendly staff.
They have recently refurbished their restaurant and have created an enticing new menu filled with mouthwatering, flavourful goodness which is open to both residents at the hotel and the public. The restaurant is said to be an ideal dining location offering the stunning views of the Wye River, deep woods and well maintained gardens.
The Paddocks Hotel are well known for their extremely large function room, holding a capacity of 250 people, this beautiful antique wooden floored room is used for multiple occasions such as, dance groups, travel groups, proms, parties and a wedding venue whose team provide a professional service understanding your plans and suggestions, and use their expert ideas and concepts that flow throughout the event to make your special day unforgettable.
We have been advised the function room brings in alot more income, with over 40 bookings already made this year alone to celebrate the fantastic events and specials occasions hosted by The Paddocks Hotel.
Assets Included:
- Furniture
- Beds
- Tables
- Chairs
- TV's
- Commercial Kitchen (Oven, fridges, bar fridges, etc)
- Outdoor furniture
- Large Car park (capacity of over 100 cars)
Location
Located just a short stroll from the banks of the river Wye in the picturesque Wye Valley, renowned for it's beautiful river and forest walks stands The Paddock Hotel.
The hotel is located within pleasing landscape gardens, surrounded by tranquil forest's and riverbank's, some of the rooms in the hotel are best known for their fantasic views of the hotel greenery.
Premises
Ground Floor
- Bar
- Restaurant
- Reception
- WC
- Letting Rooms (26 bedrooms) with en-suite's, TV and Tea/coffee making facilities.
- Large Bespoke Waterfront Gardens
- Ample Parking
Tenure
The business is being sold on a Leasehold basis with 6 years remaining on a 10 year lease. The advised rent is £48,000 per annum.
Hours
Due to the nature of the business, it is operated all year round.
Staff
The business is run and managed by our client with the help of 4 to 5 staff members and ad hoc staff for events.
Financial Profile
Full financials can be made available upon further request.
Contact Agent
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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