15 Bed Bistro Hotel In Bournemouth For Sale

Business description

Excellently located Bistro Hotel – 15 Bed with En-suite Facilities

This bistro hotel has an impeccable reputation gained over many years and has been under the current ownership since 1999. The hotel has gained 1 Star from the English Tourist Board for its well regarded, clean, comfortable accommodation and warm inviting atmosphere.

Well maintained, the hotel is based in an advantageous location and operates convenient hours with reasonable yet competitive prices, which ensures it maintains an extensive base of repeat clientele, and continues to attract new clients.

The hotel currently offers quality bed and breakfast accommodation at affordable rates, although they used to offer full or half board accommodation and a new owner could once again offer a full hotel service, if they so desired.

Situated within a 5 minute walk of the town centre, 2 minute walk to the beach and many tourist attractions and local amenities, makes it perfect for long stays, holidays or weekend breaks. The hotel is ideal for business or holiday tourists making it an ideal base to sample the delights of Bournemouth and the South Coast, or the New Forest National Park, set as it is in this area of outstanding natural beauty.

All rooms boast en-suite bathrooms with showers or baths, tea and coffee facilities and colour televisions, as standard. The Hotel comprises of:


• Own parking for 15 vehicles
• Relaxation area
• Dining room
• Kitchen
• Laundry room
• 3 luxury double/twin rooms
• 2 family Rooms
• 8 double/twin rooms
• 2 single Rooms
• Licensed bar
• Garden with outdoor seating
• Owners flat in basement with living room, bedroom & bathroom
• Offices

Equipment:

This is a well appointed and fully equipped hotel with commercial kitchen and all relevant licenses.

Key Strengths:

Without doubt the name and location of this business are their major benefit, which derives from being a long established, quality yet competitive hotel, offering superb local attractions and a well appointed welcoming interior.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Current turnover is circa £200,000 per annum with good gross and net profits. All fixtures, fittings and equipment are included in the sale price.

Property information

Property:

Leasehold

Business Operation

Expansion potential:

This is an area that already attracts large numbers of tourists and visitors year on year and is in an area of outstanding natural beauty with amenities and attractions that attract young and old, conservative or adventurous types, or just those looking for a superb family holiday or break.

Competition / Market:

The business benefits from return clients of approximately 80% each year and only relies on the website and English Tourist Board for additional customers, thus offering a superb opportunity for a new owner with a strong focus on advertising and marketing, to increase the client base significantly.

Reasons for selling:

This is a genuine retirement sale.

Employees:

The current owner works full time in the business and is assisted by two part time employees at weekends only.

Years established:

1999

Other information

Support & training:

The owner will provide a handover period and is happy to provide ongoing support thereafter.