Established Hotel In Scarborough With 25 Letting Rooms For Sale

Business description

Intelligent Business Transfer have been appointed as selling agents for this stunning and highly profitable hotel which has been trading for over 60 years.

The business is currently being ran by a family unit who share the workload between them.

The hotel is one of the largest in Scarborough, and caters for a variety of tourists and business users, from school trips to family holidays through to business and work men. This variety of clientele ensures the business has a real peak all year round.

The business is fitted to a good standard, with the current owners ensuring that the hotel is redecorated in neutral colours each year. The bedrooms all come with full tea and coffee compliments as well as a TV.

The business has a good link with a number of schools including many from Ireland, who use the business on an annual basis. Due to the significant size of the property, with 25 letting rooms, it offers a unique and different type of capability in comparison to many of its competitors.

The owners accommodation is of a good size and enables the current owners to have a high quality of living.
The UK tourism market is currently booming, with larger numbers of residents staying home, rather than travelling abroad, which makes good business for hotels such as this one.

The current owners have been in occupancy for over 11 years and the hotel has been established for over 60 years in total.

This business makes way for an exciting opportunity for the right enthusiastic and entrepreneurial new owners to acquire an excellent business and lifestyle investment of the very highest quality, ripe for significant future development.

An early viewing is advised.

Business Price - £419,950+SAV

Property information

Property:

Freehold