Bed & Breakfasts for sale in Kirkwall

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 We were searching for a retirement business opportunity and we found it on www.daltonsbusiness.com 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £1,800,000 Annual Turnover: £1,600,000
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Business Description
• Price Reduced!!
• Lounge Bar
• “Skippers” Public Bar
• Exceptionally High Profits

KIRKWALL, ORKNEY ISLANDS. Kirkwall Hotel.

Family Run
37 En-Suite Letting Bedrooms
Lounge Bar
Restaurant
“Skippers” Public Bar
Extensive Service Areas
Exceptionally High Profits
One Of The Largest Hotels in Orkney
Prominent Trading Location

Offers Around £1,800,000. Ref:39494

The Hotel is situated on Harbour Street, in the historic town of Kirkwall, which is the biggest town and capital of Orkney, off the coast of northern mainland Scotland. The name Kirkwall comes from the Norse name Kirkjuvagr (Church Bay), which was later corrupted to Kirkvoe, Kirkwaa and Kirkwall. Today’s Kirkwall is the centre of Orkney in many different ways. Lying on the narrow neck of land on which East and West Mainland meet, almost all roads linking the two pass through the town. It is also the point where all ferries depart for the northern isles.

Orkney offers a wealth of attractions and something of interest for everyone, whether it is sports and activities, nature, history or archaeology. A number of attractions and places of interest are within walking distance from the hotel, these include the stunning St Magnus Cathedral – a must for anyone visiting Kirkwall, the Earl’s and Bishop’s Palaces, The Orkney Museum and The Highland Park Distillery and Visitor Centre. Mainland Orkney is ever changing with major projects on going such as installations of wind farms, upgrading and building of schools and also further residential homes.

Summary. This is an excellent thriving town centre hotel business which can function either as a family run operation or corporate hotel operator looking to expand their portfolio. Turnover is extremely strong producing a high adjusted EBITDA. There is also massive scope for potential purchasers to substantially increase the turnover. The business is open all year round, 7 days per week from 8.00am – 12 midnight Monday to Wednesday with extensions Thursday, Friday, Saturday and Sunday. Meals are served during lunchtimes and in the evenings. There are numerous party and group bookings regularly. This provides new proprietors with huge potential to expand the business model with additional marketing to allow for the significant tourist and regular local trade during the day, including day trippers, coaching parties and the shooting/golfing fraternity. There exists huge scope to increase income substantially, thus benefiting from the many visitors drawn to the attractions of the Orkney Isles.
Tenure: Freehold

Listed by: Bruce & Co
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BC39494
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