Guest Houses for sale in Berkshire

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S. Campbell (April 2016)
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Freehold Price: £1,600,000
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Business Description
The Hotel is set in circa ½ an acre within 2 detached buildings. Planning permission was approved to join the
two of them together giving the added advantage of a designated reception area. There is also detached log
cabin style buildings and a 1 bedroom self-contained unit. All units are maintained to a high standard.
In the main building there is a laundry room on the ground floor with a separate toilet area. There are two
kitchens the smaller of the two is used for breakfasts, the planning permission allowed for a new larger
kitchen to be incorporated, plus a lounge area and a new dinning area, which at present is in the
conservatory. In total there are 18 letting rooms - double, twin/triple and single.
This business has been established for over 15 years and is that of a superbly presented hotel attracting both
corporate and holiday guests with a large % of repeat business in the main from companies and clients in the
area. The business shows a good turnover to date, details on request.Turnover has been as high as £300k when it
was owner operated the business has a traditionally high GP.
The occupancy has been a steady 75 to 80% Monday to Friday – and there is great scope to build on the
weekend trade with the introduction of weekend break packages etc. This business is primed for growth
with a great opportunity if the new owners were to take advantage and re address the planning permission
which was granted to extend and add more letting rooms and maybe with the larger kitchen facilities, a
more extensive menu could be incorporated, taking advantage of a demand for more food to be served on
the premises.
The Hotel has a good local reputation and is well positioned to take advantage of the further regeneration
and industry growth happening within the region. This could undoubtedly increase the turnover further. We
understand that there is a recorded shortage of beds in the area, this can only enhance and add further
value to this already established business.
We understand from the Vendor that there is also an opportunity to purchase a further detached house (by separate negotiation) currently on shorthold Tenancy.
Tenure: Freehold

Listed by: Adams & Co
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