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43 bedroom hotel for sale

Cumbria

£600,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

SUPERB 43 GUEST ROOM HOTEL WITH FULL CONFERENCE FACILITIES
Superbly presented guest accommodation in fabulous character Grade II listed building
Potential to be converted into care home or shared living accommodation (STPP)
Multi income stream business in superb trading location
Stunning celebrity endorsed 50 cover Thai restaurant
Popular Cumbrian coastal town of Barrow-In-Furness
Advised turnover of £422,035 with good gross profits
Early viewing is strongly recommended
Reduced price due to desire to retire
Shared ownership option available
Excellent development opportunity
Change of use
FREEHOLD


Location

This superb 43 guest bedroom hotel with full conference facilities and 50 cover restaurant is located at the heart of the vibrant Cumbrian coastal town of Barrow-In-Furness, it is ideally situated as guests are able to take advantage of all the many attractions the beautiful Lake district has to offer. Barrow-In-Furness is historically famous for itís industry, in particular the ship building industry. The town is currently enjoying a renaissance with huge investment in the area from the docks redevelopment scheme including a purpose built 8 million pound 400 berth marina and new technology park which will undoubtedly benefit a business of this nature. Barrow-In-Furness is reached easily and has superb road links, the A590 is the main road that links the town with nearby Ulverston providing further access to the M6 motorway and the wider UK motorway network. The A595 links the town with Whitehaven, Workington and eventually through to Carlisle. The town also has good rail links with Barrow-In-Furness railway station handling in excess of 500,000 passengers annually.

Business History

Meridian Business Sales are privileged to offer to the market this wonderful 43 guest bedroom freehold hotel that has been established by our client since 1993. The only reason this outstanding opportunity is being made available is so our client can take a well deserved retirement. Since establishing the business our client has and continues to invest considerably on the business premises to the point that they are in full walk in condition for any prospective purchaser. We are advised of a very respectable annual turnover of £422,035 with good gross profits which is derived from a number of sources, the accommodation side of the business is also supplemented by a popular public bar and recently the addition of an increasingly popular celebrity endorsed 50 cover Thai restaurant which makes this a true multi income stream business. The property is an immaculate 4 storey Grade II listed building with beautiful and spacious facilities which is a popular venue for functions of all kinds from business conferences to private wedding receptions and birthday parties. The business has great scope for an increase on turnover and would benefit from a more aggressive marketing strategy as advertising is only used on a limited basis, the business is now run at a pace to suit our clients lifestyle meaning any prospective purchaser can expand upon an already very creditable financial profile. This is the perfect opportunity to purchase a long established business with an outstanding reputation and as such early viewing is strongly recommended as businesses of this calibre rarely stay on the market for long.

Financial Profile

Turnover: £422,035pa
Stock approximately: £6,000



Tenure

We are advised freehold

Opening Hours

Trades all year round

Accommodation

Beautiful character, detached, freehold 4 storey Grade II listed building with 43 mainly en-suite bedrooms, public bar, conference facilities and 50 cover branded Thai restaurant, briefly comprising:

GROUND FLOOR
Secure main entrance leading to beautifully presented and spacious lobby area, carpeted throughout with feature chandelier lighting, stunning feature piano with comfortable leather seating for guests.

Main reception is spacious leading to fully equipped rear office. Stunning sweeping staircase to first floor.

Licensed bar area with double door walk through access to main public bar with fixed and additional seating, wall mounted television, walk through to pool/games room again well presented with fixed and additional seating.

Residentís dining room for up to 90 covers with feature lighting and fireplace. Full commercial kitchen with fully equipped adjoining utility room.

Self contained dedicated 50 cover celebrity endorsed Thai restaurant. Ladies and gents toilet facilities.

3 x Guest rooms with en-suite
FIRST FLOOR
Spacious lounge area with comfortable lounge style seating and secure entry to spacious conference facility.

Guest accommodation briefly comprising:
7 x Twin bedrooms with en-suite
7 x Double bedrooms with en-suite
4 x Single rooms with en-suite
2 x Standard double rooms
SECOND FLOOR
7 x Twin bedrooms with en-suite
7 x Double bedrooms with en-suite
4 x Single bedrooms with en-suite
2 x Standard double rooms

THIRD FLOOR
Self contained 1 bedroom apartment with lounge, bedroom and family bathroom. 2 x standard guest rooms currently not used plus a bathroom and toilet.

ADDITIONAL FLOOR
Fully equipped and spacious cellar.

EXTERNAL
Substantial residentsí gardens with scope to further develop. Private car parking for 40 vehicles

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

0845 222 0508 Local call rate

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Disclaimer

Property reference 2480. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.