| (REF: AC273 ) Freehold 18-bed Hotel, Restaurant & Bar Bedrooms |
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| Seller Reference: |
AC273 |
| B4S Reference: |
16050 |
| Asking Price: |
£2,825,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£800,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Northern Ireland, Northern Ireland, United Kingdom |
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This superb and reputable family run Hotel has been a landmark in this unique location for many years. Situated on a main road the Hotel offers guests comfortable accommodation with spectacular views overlooking the nearby river. The Hotel is centrally located close to to many tourist attractions so is ideally situated for the many visitors that flock to the area. The high quality food, service levels and accommodation guests receive from the staff at the hotel ensures it has very good occupancy rates all year round.
The Hotel has 4 meeting and conference rooms attracting businessmen for many miles to use the facilities. The largest conference room accommodates up to 500 and is ideal for larger presentations and gala dinners.
As well as being used for overnight accommodation and business conferences the hotel is also a most popular venue for Weddings, Big Band evenings and other celebrations.
Thirty Five Weddings are booked for this year 2010, with circa 180 people per wedding at an average spend of £30 per head. Friday nights are Big Band nights which draw in approx. 500 people, bringing in excellent revenue from the bar sales. The Big Band night is not operated during the peak wedding season.
The conference and function suites currently account for more than 50% of the turnover, whilst the restaurant provides first class food, fine wine and attentive service in relaxing surroundings. Plenty of on site off road parking is available for the convenience of the guests.
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Property: |
Freehold |
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Living Accommodation: |
No |
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• Local press
• Local radio
• Website
• Wedding brochures |
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This Hotel offers an enthusiastic new owner great potential for growth with everything sitting ready to go. The Hotel has advanced occupancy of 40%, which could be increased in the future. If professionally run by the new owner and with more emphasis placed on marketing this would encourage guests to return and make new referals. ). Further investment in advertising the dining room facilities and menu could also attract more people and in turn could lead to additional hiring out of event facilities. A new owner could also choose to redevelop the hotel and invest in 30 additional ensuite bed-rooms, (planning already obtained. |
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The vendor is happy to provide support and training for the new owner to ensure a smooth handover of ownership. |
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To concentrate on other business activities. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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• General Manager
• Function Manager
• Restaurant Manager
• Bar Manager
• Head Chef
• 3 Comm Chefs
• 2 full time waiting staff
• Part time waiting staff as and when required
• Bar staff
• Full time housekeeper
• Full time maintenance person |
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