Superb Well Established Hotel And Conference Centre For Sale

Business description

SUPERB WELL ESTABLISHED HOTEL AND CONFERENCE CENTRE - LINCOLNSHIRE
Town centre location close to main line railway station
Turnover £700,000 pa with huge growth potential
Well established and respected business
17 bedrooms with planning for 19 more
Scope for further development
All year round trading figures
Early viewing essential
FREEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this superb hotel and conference centre which has been in the careful hands of our clients since 1991, they only now wish to put the business on to market due to their wish to take a well earned retirement. Since our clients took over the business they have embarked on a full refurbishment program to all areas of the business culminating in a true walk in and trade opportunity. Our clients have continually upgraded the business by introducing new income streams which have enhanced the turnover on a year on year basis. Our clients inform us that the current turnover runs at £700,000 pa with a gross margin of 56%. This impressive turnover is derived from offering a quality bed and breakfast service to the tourism market, travelling business professionals and contractors. The business has a strong reputation with its regular clientele and because of this enjoys high levels of repeat trade. The business has planning permission in place to extend and provide a further 19 bedrooms. Early viewing is highly recommended to fully appreciate the quality and scope of this tremendous concern.

Property information

Property:

Freehold