15 bedroom hotel for sale

Tenure: Freehold

OUTSTANDING 16 BEDROOM HOTEL
Stunning guest and owners' private accommodation
Advised turnover £74,807 with good gross profits
Character property built in approximately 1873
Fabulous 4 star accredited accommodation
Early viewing is highly recommended
Excellent high footfall trading location
Beautiful sea front location in Whitby
15 en-suite rooms
FREEHOLD

Location

This beautifully presented hotel is located in a sea front position in the popular tourist destination of Whitby, in North Yorkshire. It is in a high footfall position ideal for a business of this nature. Whitby is a town and civil parish in the Scarborough district of North Yorkshire. It has featured in many television dramas and most famously in Bram Stoker's novel Dracula. Whitby is popular for general tourists but in particular with walkers and cyclists, the famous Magpie restaurant is within a short distance of the business and the popular golf course is also within a 2 minute drive. Whitby is reached easily via the A171, A169 and the A174 linking the town with nearby Scarborough, Middlesbrough, Pickering and the A1M provides access to the UK's wider motorway network.

Business History

Meridian Business Sales are delighted to offer to the market this outstanding 16 letting room hotel, 15 of which are en-suite with 1 separate private bathroom. The hotel has been in the capable hands of our client for the past 3 years. The only reason this exceptional opportunity is being offered to the market is due to the unfortunate bereavement of an immediate family member. Since owning the business our clients have spent a considerable amount of money in upgrading the property and facilities to the point where the business now represents a true 'turnkey' opportunity for any prospective purchaser. We are advised of a very respectable annual turnover of £74,807 with good gross profits which is derived from the letting of our client's hotel rooms. There is great potential to increase turnover with the addition of an evening meal service which is not currently available. The business has an outstanding reputation and benefits from a high percentage of repeat trade and regular visitors as well as good passing trade due to its seafront location. Indeed the business has been accredited with a 4 star rating by the respected Visit England organisation. Our client only advertise very limitedly but benefit from large numbers of recommendations from organisations locally such as the tourist information board providing further scope for improvement with the addition of booking agents or an affiliation with a coach holiday company. This is a superb opportunity to purchase a thriving business with great scope for improvement in a beautiful coastal location and as such early viewing comes highly recommended as this business is not to be missed.


Financial Profile

Turnover: £74,807pa
Stock approximately: £200

Tenure

We are advised freehold

Opening Hours

Trades all year round

Accommodation

Mid terraced substantial 6 storey property built in C.1873, seafront location, 16 letting rooms with 15 full en-suites and 1 private bathroom, beautifully presented owners’ accommodation, briefly comprising:

GROUND FLOOR
Secure entrance from seafront location, welcoming reception area.

Left of reception area leads to owners’ private accommodation beautifully presented open plan bespoke studio apartment.

Lounge area, double bedroom with stunning open plan en-suite.
Right of entrance leads to letting guestroom 1.
Stairway leads down to dining area.
Secondary staircase leading to first floor.

LOWER GROUND FLOOR
Stunning 32 cover dining area.
Fully fitted commercial kitchen.
Access to utility room.
Access to rear yard.
FIRST FLOOR
Beautifully presented 3 x double bedrooms, 2 of which have stunning 4 poster beds.

Storage room

Stairway to second floor.

SECOND FLOOR
2 x Family sized guestrooms.

1 x Double bedroom.

1 x Single bedroom.

Linen cupboard
Stairway to third floor
THIRD FLOOR
2 x Double rooms

1 x Family sized room.

1 x Single room.

Linen cupboard.

Fire escape
Stairway to fourth floor.

FOURTH FLOOR
2 x Double rooms

1 x Family room

1 x Single room.

Private bathroom for the exclusive use of the single guest room.

EXTERNAL
Secure storage outhouse.

Toilet

Ample free roadside parking to front of property.