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Confidential Hotel In Pickering For Lease

Pickering, North Yorkshire, UK
Asking Price:
£500,000
Sales Revenue:
£500K - £1M
Cash Flow:
£500K - £2.5M

Confidential Hotel
nr North Yorkshire Moors
‘Offers Over £500,000’ leasehold

Rare opportunity to purchase a unique thriving leasehold hotel with letting rooms, large functions rooms, private gardens and substantial car parking.

Outstanding location near the ‘North Yorkshire Moors National Park’ and the ‘North Yorkshire Heritage Coast’.
Exceptional turnover and profits.

- Leasehold hotel
- Large restaurant
- Function rooms for up to 200c
- 50 cover bar
- Turnover £950,000
- Licensed for civil weddings
- Letting rooms
- High standard of accommodation
- Fantastic reputation

Tenure
Our client is selling the business and leasehold for ‘Offers Over £500,000.

Trading information
Full accounts are available upon request.
We have been advised by our client that current trading figures are £950,000 per annum after V.A.T.
Pre covid accounts show a consistent adjusted net profit of circa £200,000

Summary
One of the finest hotels in the North Yorkshire, with letting rooms, bar, restaurant, function facilities for 200c, high spec kitchen, private garden and substantial carpark.

Location

Close to the ‘North Yorkshire Moors National Park’ and the ‘North Yorkshire Heritage Coast’,

The ‘North Yorkshire Moors National Park’ and the ‘Yorkshire Heritage Coast’ are two of the most visited areas of England, attracting nearly seven million visitors a year.

Property Information

Property:

Leasehold

Location:

Close to the ‘North Yorkshire Moors National Park’ and the ‘North Yorkshire Heritage Coast’,

The ‘North Yorkshire Moors National Park’ and the ‘Yorkshire Heritage Coast’ are two of the most visited areas of England, attracting nearly seven million visitors a year.

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