Hotels and Motels for sale in Blackpool

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (March 2017)
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Leasehold Price: £29,995 Price Reduced Turnover: £85,000 Gross Profit: £48,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market The Hollingdales Hotel, a fully licensed well-established and popular hotel business, ideally located within the busy seaside resort of Blackpool.

Our client took over the hotel 18 months ago and is now being offered to the market, due to our client's wish to move abroad. The hotel operates all year round generating a healthy income.

Our client offers guest accommodation from 22 letting rooms on a bed and breakfast basis. All the rooms boast en-suite facilities, full central heating, flat screen TVs and tea/coffee making facilities. The hotel has 9 double rooms, 11 family rooms and 2 twin rooms, as well as a dining room with 40 + covers and a 2 bedroom private owners' accommodation.

The business has built up an excellent reputation for the quality of the accommodation and services offered, which has resulted in a loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business also has excellent reviews online.

We feel there is scope to increase the turnover by embarking on a modest marketing campaign to promote the accommodation offered. A new owner could also offer guests an evening meal option, which could boost the takings. The hotel already has an informative website in place to advertise the business with online booking facilities. Our client utilizes social media websites, such as Facebook which has a 4 star rating.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving hotel business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

LOCATION
The Hollingdales Hotel occupies substantial four storey premises, ideally located within the thriving tourist destination of Blackpool in Lancashire. The business is surrounded by complimentary businesses and benefits from a high amount of footfall within the area.

Blackpool is a tourist hotspot with thousands of visitors coming to the town throughout the year, boasting many attractions such as the Pleasure Beach, Blackpool Tower and of course the Blackpool Illuminations. The town has an estimated population of 142,000 residents and a population density that makes it the fourth most densely populated borough of England and Wales outside Greater London.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Blackpool North Railway Station is also just over half a mile away and Blackpool South Railway Station 0.7 miles from the property.

The area is also well-served by the A-roads, with the A5073 being within easy driving distance, which links to the vast A-road and motorway networks. Blackpool is 17.5 miles north west of Preston, 27 miles north of Liverpool, 30 miles north west of Bolton and 40 miles north west of Manchester.

PREMISES
Basement

Owners accommodation

Good sized 2 bedroom flat with lounge, kitchen, bathroom and rear yard.

Ground Floor

Hallway

Bar - newly renovated with wooden flooring, 4 pumps, stocked.

2 x WC’s with wash basins.

Kitchen

Wall and floor units with range cooker, stainless steel work surfaces.

Double stainless-steel sink and drainer.

Vinyl flooring and pantry cupboard.

Dining Room

Tables and chairs with covers for over 40 guests.

First Floor

15 rooms

7 x double with en suite.

4 x double and single with en suite.

3 x double and bunk bed with en suite.

1 x twin with en suite.

Second floor

7 rooms

2 x double with en suite.

1 x twin with en suite.

2 x double and single with en suite.

2 x family suite (two bedrooms, 1 double and bunk bed).

TENURE
We are advised the business is leasehold.

Rent of £17,000 per annum.

HOURS
Open all year round.

STAFF
Owner managed with 2 full time members of staff.

FINANCIAL PROFILE
The business reported a turnover of approximately £85,000 in 2016 with a gross profit of roughly 57%.

EXTRA NOTES
Current owner happy to offer a handover to ensure the continued success of the business.

Tenure: Leasehold

Listed by: Hilton Smythe
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