| (REF: 2480) Superb 43 Guest Room Hotel With Full Conference Facilities |
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| Seller Reference: |
2480 |
| B4S Reference: |
23161 |
| Asking Price: |
£1,000,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Barrow-in-Furness, Cumbria, United Kingdom |
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Meridian Business Sales are privileged to offer to the market this wonderful 43 guest bedroom freehold hotel that has been established by our client since 1993. The only reason this outstanding opportunity is being made available is so our client can take a well deserved retirement. Since establishing the business our client has and continues to invest considerably on the business premises to the point that they are in full walk in condition for any prospective purchaser. We are advised of a very respectable annual turnover of £422,035 with good gross profits which is derived from a number of sources, the accommodation side of the business is also supplemented by a popular public bar and recently the addition of an increasingly popular celebrity endorsed 50 cover Thai restaurant which makes this a true multi income stream business. The property is an immaculate 4 storey Grade II listed building with beautiful and spacious facilities which is a popular venue for functions of all kinds from business conferences to private wedding receptions and birthday parties. The business has great scope for an increase on turnover and would benefit from a more aggressive marketing strategy as advertising is only used on a limited basis, the business is now run at a pace to suit our clients lifestyle meaning any prospective purchaser can expand upon an already very creditable financial profile. This is the perfect opportunity to purchase a long established business with an outstanding reputation and as such early viewing is strongly recommended as businesses of this calibre rarely stay on the market for long.
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Beautiful character, detached, freehold 4 storey Grade II listed building with 43 mainly en-suite bedrooms, public bar, conference facilities and 50 cover branded Thai restaurant, briefly comprising: GROUND FLOORSecure main entrance leading to beautifully presented and spacious lobby area, carpeted throughout with feature chandelier lighting, stunning feature piano with comfortable leather seating for guests. Main reception is spacious leading to fully equipped rear office. Stunning sweeping staircase to first floor. Licensed bar area with double door walk through access to main public bar with fixed and additional seating, wall mounted television, walk through to pool/games room again well presented with fixed and additional seating. Resident’s dining room for up to 90 covers with feature lighting and fireplace. Full commercial kitchen with fully equipped adjoining utility room. Self contained dedicated 50 cover celebrity endorsed Thai restaurant. Ladies and gents toilet facilities. 3 x Guest rooms with en-suiteFIRST FLOORSpacious lounge area with comfortable lounge style seating and secure entry to spacious conference facility. Guest accommodation briefly comprising:7 x Twin bedrooms with en-suite7 x Double bedrooms with en-suite4 x Single rooms with en-suite2 x Standard double roomsSECOND FLOOR7 x Twin bedrooms with en-suite7 x Double bedrooms with en-suite4 x Single bedrooms with en-suite2 x Standard double rooms THIRD FLOORSelf contained 1 bedroom apartment with lounge, bedroom and family bathroom. 2 x standard guest rooms currently not used plus a bathroom and toilet. ADDITIONAL FLOORFully equipped and spacious cellar. EXTERNALSubstantial residents’ gardens with scope to further develop. Private car parking for 40 vehicles |
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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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