Freehold Hotel In Bournemouth Price Reducdtion For Sale

Business description

Phoenix are delighted to offer this profitable hotel onto the market. This business was established 180 years ago and has enjoyed consistent success. Our clients purchased the business in 2007 and have since converted more rooms making the business very profitable.

Our client has invested a large amount of money in marketing and advertising the business and there are now 3 web sites in existence and the business is also advertised with late rooms and 50 of the most exposed web sites in the industry.

The main website has online reservation facilities.

The owner is able to charge £35 - £40 per person per night depending on the time of year. It is a very easily run concern extremely popular with groups including Stag & Hen nights and birthdays. The concern has an excellent reputation and a large amount of business is repeat bookings.

The owner rates this a 4 star guest house and all rooms have flat screen televisions and tea and coffee making facilities. Although our client has made various improvements there are still 5 rooms that are not en-suite and once they have been upgrade charging rates can be increased.

Our client already has in excess of £40,000 worth of bookings for the forthcoming year.

The turnover is approximately £110,000 and next year is predicted to rise to £150,000 making this business highly profitable. Digital locks are to be introduced shortly, and with the 2012 Olympics in Weymouth profits are set to soar.

All residents also have the benefit of using a local leisure centre free of charge.
This is an excellent lifestyle concern being in a popular area with excellent owners living accommodation.

Financial Details
Turnover approximately £110,000 per annum

Property information

Property:

Freehold

Location:

This hotel is situated in the Westcliffe area of Bournemouth. It is surrounded by other hotels and is very close to all local amenities including the town centre and the world renowned beach.

Bournemouth itself is an ideal location for this type of concern as it attracts tourists and holiday makers alike. Furthermore there is a vibrant student population and this creates high occupancy levels for the business.

Premises details:

Property Details
The property consists of:

Ground Floor
Large semi-detached Victorian building, Large lobby entrance, Dinning room 24 covers, 1 double en-suite bedroom,1 en-suite family room sleeps up to 4 people

Lower level/Basement.
Owners accommodation, Large 3 bedroom flat, Kitchen, Lounge, Bathroom

First Floor
Landing, Toilet, 2 Family en-suite room with remote control lighting, High pressure shower, 3 Double en-suite rooms,Old shower room being converted into a cloak

Second Floor
Landing, Toilet, 1 Double en-suite room, 3 Twin room, 2 Single rooms, Shower, Bathroom, 1 Family en-suite room

External
To the front, garden partly concreted with pots for flowers, To the rear large car park for up 13 vehicles

Business Operation

Reasons for selling:

Other business interests

Years established:

180 years