12 bedroom hotel for sale

Chapel Street,Blackpool,FY1

£225,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

SUPERB 12 LETTING ROOM HOTEL - LANCASHIRE
Advised annual turnover of 42,000 with high GP margins
Early viewing is highly recommended
Reluctant sale due to retirement
Scope for further development
Excellent town centre location
Well established business
Open all year round
FREEHOLD


Location

Set on a busy main road in the centre of Blackpool, and opposite central car park, this property is in an ideal location, with easy access to shops, pubs, bars, nightclubs, Blackpool Tower, piers, and other main attractions. Located on Chapel St, it is approx 5 mins from the M55 Motorway. Ideally located in the heart of Blackpool, this thriving town has seen much regeneration in recent years. It is one of the most popular holiday locations for people wishing to stay in the UK, and has seen a growth in tourism in the last few years. Situated just a five minute walk from Blackpool town centre, Blackpool Tower and Central Pier, the hotel is ideally situated to enjoy the shopping and sightseeing, or nightlife and entertainment that Blackpool is famous for.


Business History

Meridian Business Sales are delighted to offer to the market this 12 bedroom hotel which was been established since 1952 and in careful hands of clients since 2006. Our clients are reluctantly offering the business to the market due to unfortunate ill health and the desire to take a well deserved retirement. During our clients stewardship they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that the annual turnover currently runs at 42,000, which is derived from offering good bed & breakfast facilities, very little marketing has been done to achieve this turnover figure, so with the right foresight and enthusiasm, it would be a very lucrative business. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.


Financial Profile

Turnover: 42,000pa
Stock approximately: 1,500


Tenure

We are advised freehold


Opening Hours

Trades all year round


Accommodation

The property boasts 12 Letting rooms, including 4 family en-suite rooms, 6 double rooms with en-suite and 2 twins with en-suite, all decorated to the highest standard. The hotel is fully licensed, and has a bar/TV room and lounge on the ground floor as well as a dining room which is tastefully furnished and has a capacity for 28 covers.

GROUND FLOOR
Modern kitchen, fully licensed bar / TV room and lounge, dining room and separate washroom and utility room at the rear of the hotel.

Owners' accommodation, boasts 3 double bedrooms, separate bathroom with shower, large private lounge and conservatory.

FIRST FLOOR
2 family en-suite
2 twin en-suite
2 double en-suite

SECOND FLOOR
2 family en-suite
4 double en-suite

EXTERNAL
Rear yard with a car parking space

Nearest stations

  • Blackpool North (0.7 mi)
  • Blackpool South (0.9 mi)
  • Blackpool Pleasure Beach (1.6 mi)
Distances are straight line measurements from centre of postcode

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

01204 521417 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.

Street View

Nearest stations

  • Blackpool North (0.7 mi)
  • Blackpool South (0.9 mi)
  • Blackpool Pleasure Beach (1.6 mi)
Distances are straight line measurements from centre of postcode

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

01204 521417 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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