Hotels and Motels for sale in Chard

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The Phoenix Hotel - Chard, Somerset

Chard, Somerset, England

  • Freehold Price: £1,700,000
  • Annual Turnover: £801,589
Seller Reference: KBT48192
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Business Description
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Seller Reference: KBT48192
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Business Description
• Free of tie with 4 letting rooms (10 ensuite) plus staff accommodation
• Turnover in excess of £800,000 with an adjusted net profit of £148,929
• High profile town centre location with car park at the rear for 20 cars
• Large open plan bar providing food and entertainment, functions room with a capacity of 200

Profitable family run town centre, free of tie hotel and pub with 14 letting rooms, function room and car park in the bustling town of Somerset near the Devon and Dorset borders. Turnover in excess of £800,000. Freehold with staff accommodation.

The hotel with its high profile and attractive frontage is ideally located in a bustling town centre in Somerset near the borders of Devon and Dorset. It has outdoor seating and benefits from a car park at the rear for 20 cars.

The building was refurbished and reopened and has established a healthy turnover in excess of £800,000. There is potential to increase sales and bookings through the introduction of its own website. The business currently uses various third-party online booking agents.

The hotel mainly comprises of 14 letting rooms of which 10 are ensuite, a large open plan bar, function room and a bar manager’s accommodation. With a high turnover, good profitability and ideal location, this represents an excellent business opportunity and early viewing is highly recommended.

Summary. This popular and profitable town centre hotel and pub offers an excellent opportunity with a high local and national footfall for food, drinks, entertainment and accommodation, a large function room with independent bar and kitchen for private events. Ideally located in Somerset close to the borders of Devon and Dorset. Free of tie and freehold. Early viewing comes highly recommended.
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