29 BEDROOM HOTEL WITH RESTAURANT
Price:
Freehold - £595,000
Location:
Lancashire , Blackpool
Business Type:
Food Service Businesses, Hotels
29 BEDROOM HOTEL WITH RESTAURANT - LANCASHIRE
Annual turnover of £175,000 with good gross profits
Self contained 3 bedroom owners' accommodation
Substantial private parking for 27 vehicles
Popular coastal destination of Blackpool
Early viewing strongly recommended
Outstanding seafront trading location
huge scope for further development
60 cover restaurant
All en-suite rooms
FREEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this superb 29 bedroom hotel all with en-suite bathrooms which has been established for over 50 years and has been in the capable hands of our client for the previous 8 years. The only reason the business is being offered to the market is due to the unfortunate ill health of our client. Since owning the business our client has invested heavily on the premises including a new heating system, commercial kitchen and double glazing throughout to the point where the business is now in full walk-in condition for any prospective purchaser. We are advised of an annual turnover of £175,000 with good gross profits which is derived from the letting of our clients hotel rooms, restaurant and sales from the licensed bar. The business has a wonderful reputation and benefits from a good percentage of repeat and regular custom as well as a substantial passing trade due to its outstanding seafront location. The business has great scope for potential improvement as it is now run at pace to suit our clients lifestyle. The restaurant has 70 covers and substantial function room, which currently serves a cavery menu. There is huge scope to introduce different foods and increase trading hours. The business would almost certainly benefit from a more aggressive advertising strategy as limited advertising is used. This is a wonderful opportunity to purchase a hotel in an outstanding trading location in one of Britain's most popular tourist destinations with private parking facilities for 27 vehicles and as such early viewing is strongly recommended as this business is not to be missed.
This outstanding 29 en-suite guest bedroom and disabled friendly hotel is located directly on the South Shore promenade in Blackpool providing superb seaviews and wonderful opportunities for passing trade. It is surrounded by a wealth of complimentary businesses and is in a prime location to take advantage of Blackpool's many facilities. Blackpool has long been known as a popular tourist destination since Victorian times and is world renound for its tourist attractions including The Golden Mile, The Pleasure Beach and The Blackpool Tower. The town is enjoying a great revival with substantial investment and an increased profile due to the success of its Premiership football team. Blackpool is easily reached and has superb road and rail links with the M55 motorway within a short drive, this provides access to the M6 motorway, making the nearby cities of Preston and Manchester easily accessible. The Lake District National Park and all of its attractions are also within a short car drive.
Hotel
Trades all year round
Restaurant
Friday: 5:00pm - 9:00pm
Saturday: 12:00pm - 9:00pm
Su
Superb disabled friendly 29 guest bedroom hotel all with en-suite bathrooms with private car parking situated directly on the promenade, briefly comprising:
GROUND FLOOR - Secure entrance leading to spacious reception area with desk and 8 person capacity lift to all floors. Residents lounge with pool table, disabled toilet facilities, office, storage cupboard, beautifully presented 70 cover restaurant with swing doors leading to full commercial kitchen with rational commercial combination oven and service area. Dry storage room and utility room. 100 person capacity function room and bar with raised stage area, dedicated DJ area with sound system and dance floor. Ladies and gents toilet facilities. Secondary games room area. Access to cellarand stairs to first floor.
FIRST FLOOR - Secure entry to owners' private 3 bedroom accommodation including private lounge and bathroom.
Resident accommodation provides: 4 x family sized bedrooms, 1 x twin bedroom, 4 x double bedrooms, 1 x exec
North Yorkshire
£ 750,000
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