| (REF: 1016) The Victoria Hotel in West Yorkshire |
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| Seller Reference: |
1016 |
| B4S Reference: |
24572 |
| Asking Price: |
£1,100,000
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| Net Profit: |
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| Sales Revenue: |
£348,740 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Keighley, West Yorkshire, United Kingdom |
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Situation
This fantastic hotel is situated in the beautiful town of Keighley, which is only minutes away from the busy local Sainsbury’s supermarket and is also situated across from the towns train station,
Keighley gets a large amount of passing trade due to the easy access to the stunning Yorkshire dales.
The imposing building has a prime position on the main circuit and is a highly visible unit that enjoys all day trade.
The property
The property is a fantastically built three storey; corner property, this building comes with a lot of character, and is built on an extremely busy road into the town which boasts so much self advertisements.
Internal details
Once entering the Hotel you are welcomed by a public bar with enough seating for 125 people on a raised area over looking the corner of the bar, there is also enough standing space to bring the capacity to 350 people.
On the main floor there is a modern games room with a large bar running through the room, with three pool tables and an additional bottle bar, which is normally opened for large parties, the game room also turns into a large disco venue at the weekends , with a large dance floor, lighting and state of the art music system which has been proven very popular with many of the young locals (over 18s), with so much room for improvement, by offering cheaper drink deals and popular named local DJs.
First Floor
On the first floor of the hotel is the White Rose Function Room which has a licensed for 150 people with a self-contained bar and catering kitchen.
Ancillary areas
To the Basement is a beer cellar and spirit store room, laundry, staff changing areas and general storage areas.
Large catering kitchen with a dumb waiter connecting the ground and first floors.
With three sets of ladies and gentlemen's washrooms.
Letting accommodation
The Victoria Hotel has access to 10 letting rooms located on the second floor of The Building. The rooms are as followed
three twin rooms.
Three single rooms.
Three double rooms.
One family room.
All rooms have recently been redecorated and although not en-suite have ample shared bathroom facilities.
Owner's accommodation.
The hotel also has included in the sale Lounge with dining area, fully fitted family kitchen, two double bedrooms, bathroom with separate WC, office. As private living area.
The business
The current Vendor has owned The Victoria Hotel for almost 20 years and has established a loyal customer base in the community.
The business has a lot local customers which use the pub to watch live football; the hotel is very sports orientated along with sponsoring six local football teams.
The hotel turns into a large disco venue at the weekends , with a large dance floor, lighting and state of the art music system which has been proven very popular with many of the young locals (over 18s).
New owners could push the letting rooms or, alternatively, secure long term tenants to increase the income currently being received.
The business still has much growth potential for new enthusiastic operators.
Trading information
Trading information supplied by the current owners shows sales of £348,740 net of VAT, with Adjusted Net Profits of £139,245 prior to directors' remuneration and inter company rent.
Full trading information will be made available to interested parties who have viewed the business.
Permitted Hours:
Monday to Saturday – 10:00am to 12:00 midnight.
Sunday – 12:00 noon to 11:30pm.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches whatsoever should be made to the owner or the business. For an appointment to view please telephone 01254 776022. Quote REF 1016
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Is this a home-based business? |
Yes |
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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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