Hotels and Motels for sale in Millom

View the "8 LETTING ROOM HOTEL" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Colin Morley (October 2016)
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Freehold Price: £375000.00 Leasehold Price: £50000.00 Annual Turnover: £150,000
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Business Description
Early viewing essential to fully appreciate
Situated in the bustling town of Millom
5 bedroom owners' accommodation
Advised annual turnover of £150,000
Scope for further development
Ideal partnership opportunity
Reduced for a quick sale

Business History

Meridian Business Sales are delighted to offer for sale this 8 letting room hotel which was established by our clients in 2004. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since our clients took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £150,000 which is derived form offering welcoming bed & breakfast services to all who wish to visit. The hotel is extremely popular due to its' location in the business district and its forward bookings run well into 2013/2014. This business would ideally suit a husband and wife or partnership and could afford a good standard of living. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
Tenure: Freehold, Leasehold

Location Details:
This superb hotel has an excellent trading location situated in the busy town of Millom, Cumbria. The property is situated on a busy road which has a good display of neighbouring commercial businesses and a large selection of high quality residential homes. The business also benefits from being situated on a main through road as there is a mass of motorists, public transport users and visitors who pass by on a day to day basis. Millom is a picturesque town in Cumbria and is located on the A5903, 5 miles southwest of Broughton-in-Furness and sits by the Duddon River estuary with Black Combe Fell on its doorstep.

Listed by: Meridian Business Sales Limited
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