| (REF: kbs 38733) 16 Bed Hotel |
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| Seller Reference: |
kbs 38733 |
| B4S Reference: |
28839 |
| Asking Price: |
£695,000
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| Net Profit: |
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| Sales Revenue: |
£70,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Llandudno, Conwy, United Kingdom |
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The hotel has been under the ownership of our clients since 2005 and has seen significant investment in both capital and time to establish a superbly appointed and well respected hotel that has a strong reputation; with customers visiting from across the UK and overseas to take advantage of the exceptional levels of hospitality offered. Our clients benefit from a background in operating successful local hotels, and have continued this success during their ownership of the business.
The hotel has 2 fully licensed bars, and so benefits from hosting private parties in the larger basement bar, whilst the ground floor bar can continue to trade. With 16 letting rooms as well as a self contained owner’s accommodation and additional self contained rear flat; there are many additional revenue streams to be had than just letting bedrooms alone.
At its peak the hotel was seeing a turnover of around £200,000 per year. Unfortunately in the last 2 years, one of our clients has suffered ill health which has required long periods of treatment and rest during which business activity has had to be reduced.
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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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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