Freehold Hotel Royston Hotel For Sale

Business description

Bag a Business Ltd is pleased to place onto the market this very well run and profitable hotel, which has been established for over 55 years. Our clients who have operated the concern for the last 5 years, now wish to sell due to family commitments. The hotel enjoys full occupancy during the week and 70% during the weekend. It is unique in that it serves all types of guests from bricklayers to businessmen and our client is also very flexible with tariffs. This is a fine example of an entrepreneurial enterprise that is maximising profits. In fact net profits exceed £70,000 with a turnover of £170,000. The concern employs 3 full time staff. There are many regular contracts with companies and other organisations. The website www.roystonhotel.co.uk provides information about the business. Up to 28 guests can be catered for per night. There is potential to increase turnover by reviewing the tariffs charged and also catering more for weekend trade, such as wedding guests. Our client would be available for a business familiarisation period if required.

Property information

Property:

Freehold

Lease terms:

Freehold

Living accommodation:

Large Victorian building, full of character and original features, briefly comprising: GROUND FLOOR Large entrance lobby Reception area Office 18 cover dining area with bay window Kitchen 3 double bedrooms with ensuite Single bedroom with ensuite Family bedroom with ensuite Owner's living accommodation with lounge, kitchen, bathroom, 2 bedrooms, conservatory Store room Laundry room FIRST FLOOR 3 single bedrooms with ensuite 3 double bedrooms with ensuite 2 single bedrooms 1 twin bedroom Communal shower room Communal toilet SECOND FLOOR Double bedroom with ensuite Family room EXTERNAL Small front garden Parking for residents

Location:

The Royston Hotel lies on Victoria Road in the centre of Swindon, Wiltshire. The main arterial road serves both the old and new town and the success of the business is primarily due to the location. There is ample parking, which is a big issue given the area. Swindon itself is a large and expanding town, which has enjoyed huge growth. It is in fact one of the largest growing towns in Europe. The area is well served by the M4 motorway, which provides excellent links to Wales and London and the rest of the country. There is also excellent railway links making it ideal for business travellers.