Exceptional Motel With Large Accommodation For Sale

Business description

Summary:
Established in April 2006 by the current vendors, and located in the high street, the business boasts six superbly presented letting rooms all situated within a secure forecourt. There is one single room, one twin, three double, and one family room all with en-suite shower rooms other than the family room which has an en-suite bathroom. All rooms are decorated, furnished and equipped to a very high standard all having, vaulted ceilings, double glazing, wooden flooring, quality furniture, flat screen TV, Internet facility, refreshment tray and hairdryers. The secure parking has infra red CCTV. A total of 14 guests can be accommodated. The business is primarily owner run with all laundry sent out. A 60% occupancy level has been achieved and the business is showing a 10% increase on last year.

Turnover:
We are informed that the average monthly turnover is now £6,000 and continuing to grow.

Letting Rooms:
Six letting rooms situated around the courtyard. 1 single, 1 twin, 3 double, and 1 family room all with en-suites. Parking for 4 to 5 cars in the courtyard with electric secure gates and infra red CCTV. Large reception/breakfast room with 14 covers in the main building which is on the opposite side of the courtyard to the letting rooms.

Accommodation:
Large fully fitted and redecorated kitchen/diner, hallway (requiring decoration) leading to dining room/office, stairs to first floor;- large lounge/diner, bathroom with bath, separate shower, hand wash basin, and toilet, two double bedrooms, and flat roof balcony from lounge.

Retail Unit:
Self contained shop unit with small kitchen unit and toilet. Currently used as a DVD rental outlet also run by the vendor. There is a possibility that the vendor will be prepared to rent the shop from the new owners and continue to run the shop. Suggested rent of £450 pcm.

Legal Fees:
Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Potential:
Recently added has been a marquee for the courtyard to accommodate wedding parties etc., and the breakfast room has been adapted to allow for private functions and meetings. In addition to this the company building the wind farm 8 miles off of the coast have arranged to use multiple rooms for long periods this year.

Property information

Property:

Leasehold

Other information

Reasons for selling:

The vendor had planned to run the business with another family member who unfortunately died. Having a very young family the vendor wishes to spend more time with her family.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.

Contact the seller