Freehold Hotel with 26 Rooms For Sale in Norfolk- Business 4 Sale .co.uk

Business Summary

HISTORY

• Established for over 60 years, under current vendor for the past 12 years
• One of the first hotels in the area with a lift
• Steeped in history and exceedingly popular amongst regular holiday makers
• Majority of business is through word of mouth and from recommendations, good service and family/fun orientated atmosphere
• 90% regular occupancy

REASON FOR SALE

• Vendor retirement

SERVICES

• Accommodation for guests up to 26 bedrooms, with a good selection of single, double, twin and family rooms
• All rooms are tastefully decorated and attractively furnished
• Private bath or shower room in all rooms, central heating, television and complimentary tea/coffee making facilities in all rooms.
• Capable of providing services for weddings, parties, social and business events
• Bar area serving alcoholic and non-alcoholic drinks
• Bed and breakfast and evening meal service capabilities
• Reception and relaxation area
• Rooms cleaned daily and beds made, with towels changed each day when customers say

CUSTOMERS

• A vast range of clientele attracted, being mostly holiday makers and including a regular loyal customer base visiting year after year
• Very popular with coach parties from other parts of the UK

SUPPLIERS

• Consumables supplied through a variety of trade sources

STRENGTHS

• Very well established
• Regularly enjoys high occupancy rates due to coach parties and off-peak special offers
• Open all year round, except for closure in the month of January
• Excellent location close to local attractions and beach/sea front parade area
• Close to the Tourist Information
• Large number of rooms
• Clean, bright and airy accommodation
• Loyal and repeat customer base
• Constant level of redecoration and general upkeep with addition of new roof recently

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property Information

	Property:	Freehold

	Lease Terms:	Freehold

	Living Accommodation:	Yes

	Details of Accommodation:	Ground floor: • Entrance into reception and comfortable lounge/TV area. • Bar room with tables, chairs and dance floor. • Well equipped kitchen. • Dining room for up to 46 covers. • Operational lift servicing the hotel comprising of 4 floors • 26 bedrooms over 3 floors • Three rooms have an en suite bath, the remainder an en suite shower room. • Ladies & gents W/Cs Overall accommodation • 10 doubles, 7 twin, 4 singles, 1 family, 2 with 3 single beds, 1 drivers, plus accommodation for resident managers First floor: • 3 double rooms • 2 twin rooms • 1 single room • 1 room with 3 single beds Second floor: • 3 double room • 3 twin room • 1 single room • 1 room with 3 single beds • 1 family room • 1 room for drivers Third floor: • 4 double rooms • 2 twin rooms • 2 single rooms + Resident managers’ room

	Location:	• Conveniently located hotel close to all local amenities, with the town centre nearby • Densely populated area surrounded by complementary businesses and tourist attractions • 25 yards from the promenade and beach front, the Marina Centre with heated swimming pool and within easy walking distance to the popular pier, circus and Sea Life Centre, along with many other places to visit

Growth Potential

• Very little advertising currently undertaken
• New website
• Introduction of mini bar and room service facilities
• Weddings, parties, social and business events

Other Details

	Is this a home-based business?	Yes
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

• As customer demands dictate with 24 hour access through key issued
• Due to regular coach parties and off-peak special offers the hotel is open all year round, except for January closedown

Summary of Staffing

• Currently employing two resident managers (Husband and wife on a full time basis)
• Four part time chamber maids
• Vendor as and when needed

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