52 En-Suite Bedroom Seafront Hotel - Eastbourne, E Sussex For Sale in Eastbourne- Business 4 Sale .co.uk

Business Summary

A SUBSTANTIAL 52 EN-SUITE BEDROOM HOTEL LOCATED IN A PRIME SEAFRONT LOCATION IN THE POPULAR GROWING SEASIDE RESORT TOWN OF EASTBOURNE IN EAST SUSSEX

LOCATION
This prime positioned detached hotel occupies a seafront position on Eastbourne's Royal Parade, adjacent to the popular tourist attraction of the Redoubt Fortress and Gardens.

The town centre, shopping and pier are all within walking distance, as are many of Eastbourne's atttactions including Treasure Island, Fort Fun and the Sovereign Centre.

Eastbourne has a population of about 95,000 people boosted by holiday and conference trade. Major events include the International Ladies Tennis Tournament and Airbourne, a four-day air show. With a growing population and an attractive marina set back from the seafront and pier, the town attracts visitors all year.

THE PREMISES
The property has five floors with a lift serving all floors (excluding the basement) and has been extended in the past to provide a very substantial seafront hotel.

The main entrance leads into a spacious sun lounge, a main lounge or function room with up to 100 covers and a bar. There is also a main reception desk with a work area behind and a further office behind that.

The restaurant is at the rear on the ground floor with a stills room where meals are plated and served. The kitchen is on the lower ground floor and is well equipped for commercial use with stainless steel fittings, two gas range ovens and full extraction. Fridges, freezers and a walk-in chiller are located in the separate room. There is also a further large room at basement level, which although currently used for additional storage, was used to let for small business conferences, etc.

At the rear of the premises are seven lock-up garages and three car parking spaces for guests' use and to the front a terrace runs the length of the property at various heights.

BEDROOMS
In total there are 52 en-suite bedrooms, comprising of 10 doubles, 30 twins and 12 singles, located on five floors. 22 are on the front so have beautiful sea views and a further 10 have sea views to the side.

In addition there is one room used for coach drivers and another large bedroom is used by the owners as a bedroom with a further large open-plan office, used when they stay over at the hotel.

TENURE
Freehold

THE BUSINESS
We are informed that the business currently has a turnover of around £250,000-£300,000per annum, mainly built up from coach firm bookings, but with some additional private clients. The owners of eight years are selling due to other business commitments and we believe it represents an excellent opportunity to acquire a major hotel both on the seafront and on a main route into the town.

Run mainly under management, we believe the business has considerable scope to easily increase the existing turnover and profit margins, by either increasing the number of private client bookings, and/or through additional use of the restaurant/function suite for wedding receptions/parties, etc. The hotel is currently open all year round.

The property is in need of repair and modernisation, and hence has been substantaiily reduced in price to reflect the level of investment required to bring it back to a higher standard. However, in our opinion, although in need of investment, it provides a unique opportunity acquire a substantial seafront hotel with capacity for up to 94 guests with tremendous potential at a very realistic price.

The business has a turnover of around £400,000pa from mainly from coach firms but with some private clients. The owners of seven years are selling due to other business commitments.

Property Information

	Property:	Freehold

	Living Accommodation:	No

Other Details

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

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