SUPERB 24 BEDROOM HOTEL

Price:

Freehold - £900,000

Seller Ref:

2321

Location:

Lancashire

Business Type:

Hotels

See Other:

Bed & breakfasts for sale in Lancashire
Hotels and motels for sale in Lancashire
Hotels for sale in Lancashire

Description:

THE BUSINESS:

SUPERB 24 BEDROOM HOTEL - LANCASHIRE
Current turnover £198,515 with high gross profits
Versatile business with 90 cover restaurant
Early viewing essential to fully appreciate
Beautifully presented accommodation
Scope for further development
Substantial function room
24 rooms all en-suite
FREEHOLD

Business History

Meridian Business Sales are privileged to offer to the market this 24 bedroom hotel with 90 cover restaurant and substantial function room, which has been established for over 60 years and has been in the capable hands of our client for the previous 8 years. The only reason this opportunity is being offered to the market is due to our clients desire to take a well deserved retirement. During our clients stewardship they have invested time and money in the business to the point that it now represents a true turnkey opportunity for any prospective purchaser. We are advised of an annual turnover of £198,515 with high gross profits which is derived from room hire, the sale of food, beers, wines and spirits. The business benefits from many repeat and regular visitors and is the hotel of choice for many commercial contracts including the world renowned Fleetwood Nautical College. Our clients have a fantastic reputation for providing quality accommodation plus food and benefit from regular bookings of their substantial and beautifully presented function room which is an ideal venue for all occasions including weddings and christenings. This is a superb and well established business and would ideally suit a husband and wife partnership affording a good standard of living and as such early viewing is strongly recommended as businesses of this quality rarely stay on the market for long.