Freehold Refurbished Hotel And Restaurant In Excellent Location For Sale

Business description

HISTORY

• The hotel was originally founded over 35 years ago and has been owned by the present vendors for over 9 years, during which time the premises have been fully refurbished whilst still retaining a wealth of original features.

REASON FOR SALE

• The hotel is only now being reluctantly offered for sale as the vendors wish to retire.

PRODUCTS & SERVICES

• The hotel has its own 20 cover restaurant and bar which is open to the public for meals or for private functions such as wedding receptions, wakes, parties, christenings or business conferences
• The hotel has a total of 11 letting rooms, 10 of which are en-suite
• There are 6 doubles, 1 twin and 4 singles
• The hotel has an excellent customer reputation with many repeats and referrals and currently has an occupancy rate of approximately 90%

CUSTOMERS

• Approximately 90% of rooms are let to business clients from the airport, racetrack, power station and the large nearby industrial estate
• Circa 10% of customers are retail, many of whom visit the many local tourist spots or just overnight prior to a flight the next day

STRENGTHS

• An extremely well established hotel which has been trading for over 35 years
• Excellent location close to many local amenities as well as businesses
• Outstanding presentation throughout with the hotel having recently been fully refurbished
• Tremendous customer reputation with a very high repeat and referral trade
• The hotel has its own 20 cover restaurant and bar which is open to the general public
• Very high occupancy rate of circa 90%







DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Freehold

Location:

• The hotel has an excellent location close to many popular places of interest including:
• East Midlands Airport, Donnington motor race track, Elvaston Castle, Calke Park, Alton Towers, Melvorne Hall, Chatsworth Hall and is very convenient for the Peak District.

Premises details:

• Three storey detached property dating back in parts to the 16th Century, set in a conservation area and with enormous character and a great ambience
• Situated adjacent to the local parish church, the hotel is at hand for the nearby cities of Leicester, Nottingham and Derby as well as a host of tourist attractions
• The property benefits from gas central heating, being fully double glazed (except the restaurant) and a large rear car park which can accommodate approximately 14 vehicles
• All the letting rooms are in excellent condition, have flat screen televisions and most have WiFi systems installed

Ground Floor:
• Main entrance from rear car park into reception foyer area with access to the residents lounge
• Non resident public lounge bar
• Non resident licensed restaurant with 20 covers (up to 50 for functions)
• Extensively equipped commercial kitchen
• Disabled compliant cloakroom / w/c facility
• Double bedroom with en-suite facilities which is also disabled compliant

First Floor:
• 5 double en-suite rooms
• 3 single en-suite rooms
• 1 twin en-suite room
• 1 single with separate w/c & bathroom
• Fully fitted and equipped utility / laundry room

Second Floor:
• Private living accommodation which includes open plan lounge with a modern fully fitted integral domestic kitchen / breakfast room, a family sized bedroom with a fully fitted bathroom / w/c

Business Operation

Expansion potential:

• Build up the restaurant trade by doing leaflet drops around the residential and commercial areas near the hotel
• Put more covers into the restaurant, another 8 would fit comfortably
• Advertise the hotel on more web sites

Trading hours:

• Open to suit the customers requirements

Employees:

• The husband and wife team both work full time • Assisted by 2 part time staff who work for 12 and 19 hours per week respectively

Other information

Related documents:

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