| (REF: kbs 36599) Superb Hotel With Popular Restaurant For Sale |
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| Seller Reference: |
kbs 36599 |
| B4S Reference: |
16272 |
| Asking Price: |
£749,950
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| Net Profit: |
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| Sales Revenue: |
£180,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Plymouth, Devon, United Kingdom |
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The Hotel and Restaurant have been established since the late 1980’s and has been in the hands of the present owners since 2004. This highly successful family run hotel enjoys a superb trading position on close to Plymouth airport, the main hospital and business centres and is ideally located for both business and leisure custom. The business offers 10 spacious and well presented en-suite rooms, a popular 56 cover restaurant, attractive grounds of approximately 1 acre, ample off road parking and very pleasant guest lounges. Turnover is in the region of £180,000 and trade split approximately 40% restaurant and 60% accommodation. Tariffs range from £58 to £68pppn with ample scope to increase these. The restaurant is a popular non-resident venue and enjoys regular bookings for private functions, business meetings and weddings. Sunday lunch is especially popular and there are usually two sittings and over 120 covers. The present owners have recently obtained detailed planning permission for the construction of a large extension to the property. This will add a further 10 letting rooms and a larger restaurant and significantly increase turnover. The sale presents a rare opportunity to acquire such a well located, superbly presented and thriving business with obvious scope for greatly increased turnover. Viewing is strongly recommended.
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Property: |
Freehold |
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Living Accommodation: |
No |
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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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