Holiday Flats/Apartments for sale in Preston

View the "Hotel style - Serviced Apartments - Preston - 4 yrs established" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Hotel style - Serviced Apartments - Preston - 4 yrs established

Preston, Lancashire, England

  • Leasehold Price: £50,000
  • Annual Turnover: £180,000
Seller Reference: PAX0206761169
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Business Description
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Seller Reference: PAX0206761169
Request Details
Business Description
An opportunity to acquire a well established (4 years) successful Hotel business operating here in Preston city centre. The Business is single block of 7 x bookable Serviced Apartments, on and etc.

It is located right in a fantastic location right next to the main train station of Preston. The business comes, fully ready to run, with all fixtures, machinery, fittings, and linen, no further setup is required by the new owner.

This would an ideal opportunity for a couple to run as flexible hours and can be managed remotely.
Option to use an apartment as private accommodation, or use it for customers.

Business is eligible for Small Business Rate Relief.

Easy to run.

The business has potential of £180k Annual revenue, with a good 80% Gross Profit, Net profitability is equally impressive.

Sale is Franchise type, this site has been operating for 4 years with healthy income and profits.

During the Coronavirus – COVID -19 crisis, this business has been open throughout and operating safely in line with gov rules. The revenues has been good throughout 2020.

Initial Premium of £50,000 for a Lease agreement of 3 to 10 years (the lease duration and price are both negotiable)
Then an ongoing monthly rent of £4,000 pcm – which includes access to the complete business with all its fixtures and fittings and equipment and systems, hence you can operate the business from day 1 and no setup required as the business operates already.

No further Royalties or additional tie-ins with suppliers hence no complex arrangements.

Please request more details below, we will respond within 24hrs. Negotiable.
Trading hours:
All hours - open 24/7
Number of employees:
Is accommodation included?:
Number of bedrooms:
Support and Training:
Full training and support given to new Business owner
Location Details:
Very central location - 20m from west coast train station of Preston.
Request Details

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