Thriving Hotel In Grangemouth Stirlingshire For Sale

Business description

We are delighted to offer for sale this thriving hotel, which was established in 1970 and which has been in our clients' careful hands since 1999. The hotel is only now offered to the market due to our clients' wish to relocate. The business trades all year round and generates a turnover in the region of £400,000 per annum with a gross profit of 70%. Bowhouse Hotel offers 9 high quality letting rooms, a public bar and a function room. We feel the turnover could be increased by embarking on an advertising campaign. There is also the opportunity to introduce restaurant services. The business has a loyal customer base and enjoys much repeat trade and word of mouth recommendations. The pub is well supported by the local community and is the sponsor of an amateur football team. The business is the meeting place for football supporters, with buses departing from the pub. The pub also hosts a number of entertainment nights, including live music and sports, along with having a darts team and pool team. There is a website in place advertising the business, which we feel would benefit from online booking facilities. The premises are well-equipped and have been finished to a high standard throughout. As well as the 9-letting rooms there is also spacious 2-bedroom owners' accommodation and a store room, which could be converted into a 10th letting room. We feel this represents an ideal opportunity to acquire an already thriving hotel with huge scope for future development. Early negotiations with us must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 18 years
Remaining: 4 years
Review: every 5 years
Rent: £28,000 per annum

Leasehold rent:

£28,000 per annum

Location:

Bowhouse Hotel occupies substantial 2-storey detached premises, ideally located in a densely populated residential area in Grangemouth, Stirlingshire. The business benefits from ample private parking and is surrounded by numerous residential properties, from which it draws much trade. The town centre is just a short distance away and is home to a wealth of complementary shops and businesses. There are a number of bus stops in the area and the railway station is just a short drive away. The business boasts easy access to the A-road network and the M9 motorway is a mile and a half away. Grangemouth is famous for its petrochemical industry and is situated in between Glasgow and Edingburgh. The town is popular with commuters due to its excellent road and rail links with numerous towns and cities. Stirling is approximately 15 miles away, while Edinburgh is 22 miles to the east.

Premises details:

Substantial 2-storey detached 9-bedroom hotel premises with bar and 2-bedroom owners' accommodation. Briefly comprising:

Ground Floor
• Bar area with electronic cash register, drink chillers, glass washer, sink, tables and chairs, pool table, football table, juke box, electronic games machine, darts lane, karaoke machine and 6 x TVs
• Ladies and gents WCs with wash hand basins
• Function suite with tables and chairs for up to 120, stage with sound system, dance floor, bar with drink chillers, sink, glass washer and coffee machine
• Reception area with access to function room and letting accommodation
• Ladies and gents WCs with wash hand basins
• Commercial kitchen with 6-burner hob and oven, grill, double fryer, 2 x microwave ovens, 2 x refrigerators, 2 x freezers, chest freezer, washing machine, tumble dryer and 2 x sinks
• Store room with shelving
• Staff WC with wash hand basin

First Floor
• Room 1: twin bedroom
• Room 2: twin bedroom
• Room 3: twin bedroom
• Room 4: twin bedroom
• Room 5: twin bedroom
• Room 6: twin bedroom
• Room 7: twin bedroom
• Room 8: twin bedroom with en-suite facilities
• Room 9: double bedroom with en-suite facilities
• Bathroom
• Store room
• Owners' accommodation with lounge, kitchen, bathroom and 2 x bedrooms

External
• Car park to side

Business Operation

Trading hours:

Mon - Thurs: 11:00am to 12:00am
Fri - Sat: 11:00am to 1:00am
Sun: 11:00am to 12:00am