Sustainable Hotel & Restaurant with Luxury Lodges in Northumberland for Sale
Undisclosed, Northumberland
- Status
FOR SALE
- Advert ID
614424
- Reference
50831 / Rightbiz
- Call Agent:
- Freehold: £1,950,000
- Turnover: £1,180,586 (£22,704 per week)
- Net Profit: £54,165 (5% Profit margin)
Business Details
Hugely successful & stunning Hotel Restaurant in NORTHUMBERLAND!!** PRICE REDUCED MUST SEE**
Turnover of £1.13m for year-end 2023.Adjusted EBITDA in excess of £233k for year-end 2023.
The business operates from a c.1.5 acre site with a large kitchen garden on site.
Having operated as a hotel since the 1920s, the business is well-established in the local region.
Under current ownership, the hotel has been continuously updated with a focus on sustainable practices and renewable energy.
Our client employs c.20 staff with a second-tier management structure centralised around a general manager, staying post-completion.
Capable of hosting over 50 guests at maximum capacity, the hotel also has luxury lodges on site.
ASKING PRICE £1,950,000
Kings Corporate are delighted to present Project Layla a hotel and restaurant based in the North. The freehold business is well-established and offers its services across the region. The vendor now wishes to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant.
Please contact us for further information using reference number 50831 or quote Project Layla.
Ref: 50831
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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