The Coachman Hotel & Bar – North Lanarkshire

  • Price: £1,450,000
  • Leasehold Price: £1,450,000
  • Annual Turnover: £2,800,000
Glasgow, North Lanarkshire, Scotland
Seller Ref:50112
For Sale

The Coachman Hotel & Bar – North Lanarkshire

Glasgow, North Lanarkshire, Scotland
Seller Ref:50112
  • Price: £1,450,000
  • Leasehold Price: £1,450,000
  • Annual Turnover: £2,800,000

Overview

Seller Ref: 50112

Description

Turnover of £2.8M for year end 2023
Adjusted EBITDA in excess of £600,000 – Year end 2023
Operated by the current owners for c.15 years.
The hotel and adjoining bar have recently undergone extensive renovations allowing for a contemporary atmosphere.
Strong presence in the region.
Our clients employ over 50 staff with a strong second tier management team in place.
While tourism to the region bolsters sales, the business is supported heavily by the local economy and workers accommodation agreements.

Bruce & Co. are delighted to present Project Maple, a hotel and bar based in North Lanarkshire The business is well-established and offer accommodation and hospitality to guests across the region and visitors, making it an excellent acquisition. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a leasehold basis. Ref: 50112

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
NA

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