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10 bedroom hotel for sale

Withnell Road, Blackpool, Lancashire, FY4

£179,950
330 sq. m.

Property Description

Commercial information

  • Business for sale
  • 3,552 sq ft (330 sq m)

Key features

  • REF: 13692 D
  • FREEHOLD
  • HOTEL
  • GUEST HOUSE
  • Serious Offers Considered

Full description

Tenure: Freehold

BUSINESS
Hilton Smythe welcomes to the market Rio Rita Hotel. This award-winning family business was first established in 1996 and was taken over by our clients in 2003. Our clients have run the business to an exceptional standard gaining several awards over the years. The owners now look to sell this three-star rated hotel, due to the desire to take a well-deserved retirement.

The business runs as a hotel in the family-focussed end of South Shore, Blackpool. This is a 10-bedroom hotel with 1 bedroom owner's accommodation. The Rio Rita Hotel is licensed for resident guests only. The hotel has its own bar area selling alcoholic and non-alcoholic drinks. The hotel also has a large dining area for guests and boasts a 5* food hygiene rating.

The hotel guest rooms are all en-suite rooms, this includes double rooms, twin and family accommodation. All rooms come with drinks making facilities, full fresh linen, TV and alarm clock. Other services offered include, iron, hair dryers, travel cots and a baggage store.

Rio Rita Hotel generated an advised turnover of 25,000 as of 2016 accounts, with a gross profit of 94%. A healthy turnover, with huge scope to be increased. The purchaser could look to open all year round and open up its rooms to large groups, including stag and hen parties; this should be a priority in Blackpool.

The hotel has been awarded several awards this includes a three-star rating for serviced guest accommodation from Visit Britain for its friendly staff, good home cooking with a varied menu, cleanliness of the hotel and excellent standard of furnishings. The business was also awarded a bronze from Green Tourism, for recycling and energy efficiency. Both well recognised awards in the hotel trade.

The business has a website, this is informative and can be found at www.riorita.co.uk. We feel that the purchaser could introduce an online booking system to take advantage of the great easy to use website. Rooms can be booked via sites such as Late Rooms and Expedia. Registering with more online booking sites should be considered. We feel the purchaser should also look to introduce a business Facebook page. Social media is a cost effective way to advertise.

There is an owner's accommodation, this has one en-suite bedroom and a private lounge. Ideal for a purchaser looking to live at the hotel.

This is a fantastic opportunity for a husband and wife team or partnership, looking to relocate to a bustling tourist location. The hotel comes fully equipped and is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Rio Rita Hotel is located in South Shore, Blackpool, Lancashire.

The hotel is located in a prime trading location just a 3-minute walk from the sea front. There are ample businesses in this location as well as many visitor attractions, this includes Blackpool Pleasure Beach, Sandcastle Water World, one of the most well-established and oldest electric tram networks, as well as a wealth of local independent shops and markets.

Blackpool is a popular destination for tourists all year round. This is a seaside resort with a newly refurbished seafront. The town host well-known world class events and spectacular lighting shows such as the Illuminations. The town is well known for the world-famous Blackpool Tower, which soars 158 metres above the town. The town has an estimated 142,000 residents, and a population density that makes it the fourth most densely populated borough of England and Wales outside London.

The town of Blackpool benefits from being easily accessible from the UK motorway network with the M55 concluding in Blackpool. As well as great road connections, the town also benefits from excellent public transport links. South Shore train station is approximately 10 minutes away from the hotel, whilst the coach station is 5 minutes away by car. The airport is also just a 10-minute drive away. Bus links as well as regular trams run daily.

PREMISES
Rio Rita Hotel boasts a three-storey premise with a well-signed frontage. There are 10 letting rooms in the hotel. There is a seating area at the front of the property with 4 steps leading up to the door with hand rail.

GROUND FLOOR
On entry is the reception area, to the right-hand side is a TV lounge area with bar. This has comfy seating with couches and tub chairs. The bar is fully equipped with optics and bespoke shelving.

Also on the ground floor is a large dining area with 32 covers. The dining room is well laid out and has a fire exit to the rear of the room. The kitchen is fully equipped and has plenty of cupboards and worktop space. From the kitchen is the utility area, with further counter top space.

Equipment included in the sale: -

Kitchen-
Six ring hob and oven
Microwave
Extractor system
Grill

Utility-
Washing machine
Fridge/freezer
Dishwasher

The owner's accommodation consists of lounge and an office, plus owner's bedroom with en-suite.

All of the guest bedrooms are situated on the first and second floors. There are 12 stairs to the first half landing and a further 5 stairs to reach the first-floor rooms. This is repeated to reach the second floor. There is a public toilet on the first floor.

All guest bedrooms have en-suite facilities, all linen is supplied, a colour television is in every room, along with a clock radio and a hospitality tray. An iron, ironing board, travel cots and hair dryer are available on request.

There are two family rooms which sleep four people, one of the family rooms has a bunk bed and three family rooms which sleep three people, a twin room and four double rooms.

FIRST FLOOR
Twin en-suite room.
2 x Double en-suite rooms.
2 x Family room with en-suite.

SECOND FLOOR
2 x Double en-suite rooms.
2 x Family room with en-suite.
Family room with en-suite and bunk beds.

BASEMENT
The basement is currently used for storage only.

There is free on street parking directly outside the property and to the rear is further parking for 5-6 cars on a first come first served basis.

The hotel is fitted with CCTV system and burglar alarm.

TENURE
We are advised the business is being sold as a Freehold opportunity.

HOURS
The business is seasonal between March and November.

Open 24 hours, 7 days a week.

STAFF
The business is run and managed by our clients.

FINANCIAL PROFILE
Rio Rita Hotel generated an advised turnover of 25,000 as of 2016 accounts, with a gross profit of 94%.



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