Orkney Islands Award-Winning Hotel Business with Established Customer Base for Sale
Stromness, Orkney Islands
- Status
FOR SALE
- Advert ID
614174
- Freehold: £1,300,000 (Stock at valuation)
- Turnover: £1,500,000 (£28,846 per week)
- Profit: On request
Key Features
- High Turnover
- Established Business
- Offers Invited
- Accounts Available
Business Details
Award winning hotel business for sale in Orkney Islands
Well established and profitable family owned island hotel business comprising The Ferry Inn and Royal Hotel in Stromness, Orkney. Available due to retirement sale. Turnover exceeding £1.5m per annum across 28 rooms, bar and restaurant activity. Scope to grow trade as currently operating on reduced hours with restaurant focus on main season April-October. B&B and bar trade year round. Ideally suited for Stromness ferry terminal. Hotels are 200m apart but currently operating as single business unit bringing benefits of scale, operating efficiency, staff flexibility and ability to respond to seasonal variations in trade.
Modern operating systems with cloud based EPOS, hotel and restaurant reservation systems and online accounting. Own websites, established OTA selling channels, lots of repeat direct business.
22 ensuite bedrooms (Ferry Inn 12 rooms, Royal Hotel 10 rooms) with further 6 ensuite bedroom annex available to lease. Recently refurbished and well maintained.
Bars and restaurant popular with locals and visitors alike. Excellent balance of trade across rooms, restaurant and bar.
Well equipped commercial kitchens.
May sell Royal separately with opportunity for lease of Ferry Inn and Harbourside House.
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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.
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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.
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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.
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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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