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12 bedroom hotel for sale

Coronation Street, Blackpool, Lancashire, FY1

£170,000
316 sq. m.

Property Description

Commercial information

  • Business for sale
  • 3,401 sq ft (316 sq m)

Key features

  • REF: 14339 D
  • FREEHOLD
  • HOTEL
  • 10 Letting rooms
  • 2 Bed Accommodation

Full description

Tenure: Freehold

BUSINESS
Hilton Smythe are welcoming to the market Cheers Hotel, a superb hotel which has been established for over a decade. Our clients took over 3 years ago and have enjoyed running the hotel. The hotel is now for sale, due to our clients wish to move onto another business venture.

There are 10 letting rooms and 2 bedrooms being used as owner's accommodation and 1 being used as a laundry room. There is potential for this to be a 12 bed hotel with 1 bed owners accommodation.

Most of the rooms have been recently refurbished to a high standard. The bar area and breakfast room are also well designed.

The hotel enjoys a great deal of regular and repeat custom which is testimony to the unrivalled service it offers to guests.

We are advised that the business would benefit from an enthusiastic owner taking charge of a marketing campaign and utilizing free marketing tools such as social media websites and further development and optimization of the hotels current website.

Our client offers a breakfast service as the hotel has a fully equipped kitchen and a large breakfast room with 16 covers.

The hotel has a TripAdvisor hall of fame certificate and currently boasts a 4.5 star rating, with reviews such as 'Wonderful visit! Great value for money!!' 'Fantastic stay !!' and 'Clean & convenient location'.

Naturally we would recommend early viewing of this fantastic concern.


LOCATION
Cheers Hotel is located on Coronation Street, Blackpool surrounded by a wealth of shops and businesses.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

The area is also well served by the A-roads, with the A5099 and the A583 being within easy driving distance of the business, which links to the M55 motorway network.

PREMISES
The hotel is well presented throughout, with street parking to the front and plenty of pay and display carparks within walking distance.

LOWER GROUND FLOOR
Breakfast room.
Kitchen.
Customer toilet with wash basin.
Exit to the rear patio area.
Laundry room (which could be used as a disabled friendly bedroom).

GROUND FLOOR
Entrance.
Owner's bedroom (double en-suite).
Single en-suite (currently used as storage).

FIRST FLOOR
Guest bedroom - Twin room with en-suite.
Guest bedroom - 1 Double and single with en-suite.

FIRST FLOOR LANDING
Guest bedroom - Double room with en-suite.
Guest bedroom - Triple with en-suite.
Guest bedroom - Double room with en-suite.

SECOND FLOOR
Guest bedroom - Triple with en-suite.
Guest bedroom - Double room with en-suite.

SECOND FLOOR LANDING
Guest bedroom - Family room with en-suite (1double and 3 singles).
Guest bedroom - Twin room with en-suite.

THIRD FLOOR
Guest bedroom - Family room with en-suite (1 double and 3 singles).

TENURE
We are advised the business is Freehold.

HOURS
No set trading hours.

STAFF
Owner ran with partner.

FINANCIAL PROFILE
The business reported a turnover in 2016 of approximately 45,000 with a gross profit of 91%.

EXTRA NOTES
Current owner happy to offer a handover to ensure the continued success of the business.


Map & Street View

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