Bed & Breakfasts for sale in Skegness

View the "SUPERB 9 BEDROOM HOTEL & BAR" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Freehold Price: £290,000 Annual Turnover: £90,000
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Business Description
SUPERB 9 BEDROOM HOTEL & BAR - LINCOLNSHIRE
Early interest and viewing is highly recommended
Raised frontage which gets the sun all day
Sale includes all fixtures and fittings
Advised annual turnover of £90,000
Repeat customers year on year
Prominent location in Skegness
1 bed owners' accommodation
Well established business
60's themed twilight bar
Next to beach
FREEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this well established and respected 9 bedroom hotel and bar. The business dates back to circa 1870 and has been in the careful hands of our client for the last 6 years. The only reason our clients are offering the business to the market is due to their desire to take a well earned retirement. Our clients have gone to considerable expense and effort on the presentation of the property and are currently renovating some rooms into en-suites and they are very generously including all fixtures and fittings within in the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Our clients inform us that the current annual turnover is £90,000 pa with high profits. This is derived from offering bed and breakfast on an all year round basis and the 60's themed twilight bar is popular with the local residents. Some famous people have stayed at the hotel over the many years and their pictures can be seen on the walls of the bar. The business is owner operated but they do not live on site so it requires 1 part time member of staff and is currently being run at a pace to suit our clients but they have informed us that there is huge growth potential for any new hands on owner. The business enjoys a strong reputation built up over the years from which it enjoys a high level of repeat bookings which is the mainstay of any hotel. This is a superb opportunity, and as such Meridian Business Sales recommends early viewing.
Tenure: Freehold

Accommodation Details:

Detached 9 bedroom hotel and bar, briefly comprising: GROUND FLOOR Secure entrance leading to: Residents bar with servery and seating area Guest lounge Dining room with 22 covers Fully equipped catering kitchen Family room Twin room Shower room with shower cubicle, toilet and wash basin Toilet and wash basin Bathroom with corner bath, toilet and wash basin Owners' double bedroom FIRST FLOOR Letting rooms Family room Twin room Twin room Twin room Twin room Single room Double room Landing with airing cupboard Shower room with shower cubicle, toilet and wash basin EXTERNAL Yard with patio and seating area Side parking for 3 vehicles

Location Details:

This well established 9 bedroom hotel and bar stands on a prominent main through road location in the popular seaside town of Skegness in Lincolnshire which is popular for tourists and holiday makers. It's located along the Lincolnshire coast of the North Sea, it is 43 miles (69 km) East of the city of Lincoln. Over the last 5 years Skegness has undergone a full facelift with the local authority spending millions on upgrading the facilities and attracting higher tourism figures to this now quality resort. The area has strong road and rail links via the A16 and A52 trunk roads plus mainline station, making travelling and commuting very easy.

Listed by: Meridian Business Sales Limited
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