SUPERB 12 BEDROOM HOTEL WITH SELF CONTAINED FLAT

Price:

Freehold - £779,999

Seller Ref:

2796

Location:

Somerset

Business Type:

Hotels

See Other:

Bed & breakfasts for sale in Somerset
Guest houses for sale in Somerset
Hotels and motels for sale in Somerset
Hotels for sale in Somerset

Description:

THE BUSINESS:

SUPERB 12 BEDROOM HOTEL WITH SELF CONTAINED FLAT
Advised annual turnover of £230,000 with high profit margins
Superbly presented self contained owners’ flat
Enormous potential to increase turnover
Sought after Somerset coastal town
Early viewing highly recommended
Genuine reason for sale
FREEHOLD

Business History

Meridian Business Sales are privileged to offer to the market this well established 12 bedroom grade II listed hotel which has been established since the 1950’s and has been in the careful hands of our clients since 2008. The only reason this superb opportunity is being offered to the market is due to our clients pending retirement. Since our clients took ownership of the hotel they have invested time and money and have undertaken a major refurbishment program meaning that the business is in full walk-in condition. Our client advises us that the annual turnover is in the region of £230,000 with a healthy profit margin. The business enjoys a strong reputation within the local community with numerous clubs and society’s using it as their venue, largely because of its excellent food and friendly atmosphere. Its dining room is normally fully booked for Christmas by the end of June. The 12 bedrooms are all en-suite and the self contained owners’ flat (currently let out as a holiday let) has its own private entrance. This is a superb opportunity to purchase a true lifestyle business in one of the most desirable parts of the UK and as such early viewing is strongly advised as businesses of this calibre rarely stay on the market for long.