28 bedroom hotel for saleAldridge Road, Birmingham, B42
WELL ESTABLISHED 28 LETTING ROOM HOTEL - WEST MIDLANDS
Situated in the desirable inner-city area of Perry Barr
Well maintained and equipped throughout
High amount of regular and repeat trade
HMIO Licence was granted in 2015
Ideal for a first time buyer
Walk in condition
Easy to run
This fantastic hotel is situated in the desirable inner-city area of Perry Barr, Birmingham, West Midlands. The business is surrounded by complimentary shops, residential properties, visitor attractions and much more which are all beneficial for the business. Perry Barr was an urban district in Staffordshire from 1894 until 1928 when it was incorporated into Birmingham, and thus also Warwickshire (this included an area which is now considered part of Great Barr). It then became part of the West Midlands in 1974 when Birmingham became a metropolitan borough. The area is easily reached via the A34, the A4040 and the A453 making commuting easy for anyone who wishes to visit.
Meridian Business Sales are delighted to offer to the market this excellent hotel which has been established since 1989 and in the careful hands of our client since 2004. The only reason this ideal business is being offered to the market is due to our
client's desire to take a well deserved retirement.
Since our client took ownership of the business he has built up a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade alongside good word of mouth recommendations.
Our client informs us that they currently generate a respectable annual turnover which is derived from offering comfortable letting accommodation and a welcoming customer service.
Our client offers to those who are studying or working in Birmingham, the comfort of hotel living without the extra cost. Rooms are rented weekly from £75-£100, (minimum stay 2 months), dependent upon individual room facilities.
The hotel comprises of 21 en-suite letting rooms, 3 standard letting rooms and 3 letting rooms with showers. All rooms have colour TVs, a wash basin and tea and coffee making facilities. Our client offers a self catering service for those renting rooms in the specially designed kitchen/ diner including a fridge and a cupboard. A cooked breakfast or sandwich can be ordered at a small extra cost.
The facilities at the hotel include a lounge with a TV, a pleasant patio and garden, as well as overnight car parking. Our client has continually developed and improved the business introducing new lines and income streams which have enhanced the business massively.
The business has been run at a pace to suit our client's lifestyle meaning that there is scope for a future purchaser to run the business to its full potential. However as our client has maintained a steady stream of custom a new hands on owner operator would be able to increase trade in a relatively short period of time.
This is a superb opportunity to purchase an established business, which is a great base to build upon therefore early viewing is highly recommended as this brilliant business is not to be missed.
We are advised Freehold
Hours to suit
Well maintained detached property briefly comprising:
Secure entrance leading to:
Breakfast room/ lounge
6 x double en-suite bedrooms
1 x single en-suite bedroom
1 x double en-suite bedroom for the residential manager
2 x single shower bedrooms
3 x standard bedrooms
4 x double en-suite bedrooms
3 x single en-suite bedrooms
1 x twin en-suite bedroom
1 x twin shower bedroom
5 x single en-suite bedrooms
1 x double en-suite bedroom
1 x twin en-suite bedroom
Car park for 13 cars
3 x sheds in the garden
1 x large garden arbour
Covered patio area
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