Hotel for sale

Alveston House Hotel, Davids Lane, Alveston, Bristol, BS35 2LA

Guide Price £2,150,000

Property Description

Commercial information

  • Business for sale

Key features

  • 29 en suite letting bedrooms
  • Annual adjusted net profit 213,000
  • Restaurant (75), Bar, Conservatory (20)
  • Conference room (45), Function room (85)
  • Car park (50), Attractive gardens
  • Net sales for Y/E 20/06/2017 - 811,111. Energy Rating D

Full description

Tenure: Freehold

Description

Originally a generously proportioned Georgian House, the property has been sympathetically extended with two storey wings to either side and rear providing restaurant, conference and bedroom accommodation.

A profitable and successful business in an excellent trading position which offers scope to further develop the trading performance.

Location

Alveston is close to the city of Bristol (voted European Green Capital 2015). The City has two major shopping centres, is home to numerous major employers, benefits from two universities, a commercial port, two mainline railway stations and a fast expanding international airport.

The hotel is located approximately 10 miles north of the city centre in a prominent position on the main A38 between the M5 motorway junctions 14 & 16, c. four miles respectively. The hotel is ideally placed for touring the Cotswolds, the Severn Valley, the Forest of Dean and Wye Valley. The famous Georgian City of Bath is within 25 miles and the Regency town of Cheltenham 22 miles.

Internal Details

Reception hall with reception desk and lounge (15). Carriages Restaurant has a separate front entrance through the conservatory used for dining and meetings (20). Adjacent bar with bar servery opening to restaurant 40-75 for seated functions and 100 for buffet/dance functions. The restaurant is licensed for wedding ceremonies.

The Garden Suite a function room (85) and licensed for wedding ceremonies with doors opening to walled gardens at the rear. The Garden Suite can sub-divided to create two conference rooms for up to 20 in each. The Cottage Suite conference room accommodating 20-45 also licensed for wedding ceremonies.

Fixtures & Fittings

All trade fixtures & fittings will be included in the sale and our client will provide a trade inventory to interested parties.

Letting Accommodation

There are 29 en suite guest bedrooms which include six ground floor rooms. The rooms are well equipped and arranged as follows:-

Six executive doubles
16 classic doubles
Two single/twin rooms
Five single rooms

External Details

Car park for 50 vehicles. To the rear of the property is a landscaped walled garden which is a tranquil retreat for guests.

Owner's Accommodation

Our client lives off site, however arranged over the second floor there are an additional three twin or double bedrooms, bathroom and separate toilet, currently used as staff accommodation.

The Opportunity

Our client has worked at Alveston House Hotel since 1978, originally as a part time pot washer and later purchased the business in 1998. It is now an established and profitable independent hotel & restaurant business with an excellent reputation that benefits from a high percentage of repeat custom. The business proves popular for business and tourist guests as well as catering for a number of conferences and meetings. Carriages restaurant has an excellent reputation and caters for guests and non residents offering a wide range of menus using local produce where possible.

The hotel is also an established and popular wedding venue with a choice of three rooms licensed for civil ceremonies accommodating between 20-75 guests and up to 100 for buffet and dance functions with the benefit of attractive walled gardens which are popular with private parties, anniversaries and wedding celebrations.

Staff

The business operates with one hands-on owner with the assistance of a full and part time established team.

A full staff list will be made available to interested parties following a formal viewing.

Trading Information

Accounts for year end 30 June 2017 show net sales of £811,111 with an adjusted net profit of £213,000. Further accounting information will be made available to interested parties following a formal viewing.


More information from this agent

Nearest stations

  • Patchway (4.7 mi)
  • Pilning (4.9 mi)
  • Yate (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Patchway (4.7 mi)
  • Pilning (4.9 mi)
  • Yate (5.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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