| (REF: kbs 36909) Freehold Town Centre Hotel (42) |
| |
| Seller Reference: |
kbs 36909 |
| B4S Reference: |
20983 |
| Asking Price: |
£1,500,000
|
| Net Profit: |
Undisclosed |
| Sales Revenue: |
£420,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Taunton, Somerset, United Kingdom |
| |
The business is a substantial 42 bedroom Victoria hotel that is prominently located in close to Taunton town centre, approximately 500 yards from the railway station. The business is used as a principal resource by Taunton Deane Council for emergency placements for homeless and roofless people in its catchment area including the Emergency Duty Team (EDT). Taunton Deane Council have a permanent block booking of 14 beds, which is often exceeded and charges as extra. All the statutory accommodation providers in Somerset and Devon, excluding the unitary authorities, use the facility for clients. There are also 16 lifestyle suites on the ground floor, which are designed as move on accommodation for people leaving care or requiring independent accommodation to restart their lives. Continental breakfast is provided. The lifestyle suites each have an equipped kitchen.
There has been little marketing of the hotel by the present owner with the increase in turnover and profitability attributable to word of mouth and clear scope therefore exists to increase trade still further. The sale presents a rare opportunity to acquire an established, profitable and reliable business and a superbly presented freehold property. Viewing is strongly recommended.
|
| |
Property: |
Freehold |
| |
| |
Living Accommodation: |
No |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
|
|
