High-Profit Hotel & Restaurant Bar Business in Halifax West Yorkshire with Expansion Potential
Halifax, West Yorkshire
- Status
FOR SALE
- Date Submitted:
02/04/24
- Advert ID
609096
- Reference
RB10577 / Rightbiz
- Call Agent:
- Freehold: £425,000 (Stock at valuation)
- Leasehold: £49,950
- Turnover: On request
- Net Profit: On request
Key Features
- Attractive Business
- New Lease
- Town Centre location
- Fully Fitted
- Prime Location
- Established Business
- Close to Local Amenities
Business Details
Well known Established Hotel & Restaurant Bar Business
Alan J Picken are delighted to offer this well-known established hotel & restaurant bar business.
onto the market.
The business occupies a central position in the much sought after town of Halifax, West Yorkshire, with The Shakespear Hotel located above the beautiful Restaurant & Bar.
As the hotel is located just above the restaurant, guests can enjoy beautiful food in the spacious restaurant area, making their stay extra special. It’s enviable location in this popular tourist spot acts as a powerful magnet to attract a regular clientele.
The hotel has 7 guest rooms and an additional manager’s flat, however planning has been granted for additional 5 rooms to be built. There is obviously scope to take full advantage of the additional rooms, to increase the hotels capacity for more booking to derive maximum profits.
Takings circa £85,251 on accounts (restaurant only).
40% Gross Profit.
Additional income from hotel bookings at minimum £60 per room, per night.
Bookings are currently made through various online sites including expedia.co.uk, booking,com and hotels.com. The business also boasts its own website.
We trust that a dedicated owner proprietor could take this on themselves, exploit the businesses full potential and derive maximum profits.
Business £49,590 Plus SAV- Leasehold
Business & Freehold Property Offers in Excess of £425,000 Plus SAV
Halifax, West Yorkshire
Reference. RB10577
Contact Agent
Listing Statistics
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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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