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Exceptional Letting Room Hotel In Workington For Sale

Workington, Cumbria
Asking Price:
Sales Revenue:
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Cash Flow:
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Situated in the Cumbrian town of Workington
Early viewing essential to fully appreciate
2 bedroom owners accommodation
Recently undergone refurbishment
Scope for further development
Ideal partnership opportunity
Great bar/function facilities
Genuine reason for sale
Award winning hotel
Bookings into 2017

Business History

Meridian Business Sales are delighted to offer for sale this superb hotel which was established by our clients over 20 years ago. Our clients are reluctantly offering the business to the market due to unfortunate ill health. Since the business was established they have run the hotel at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that they generate a respectable annual turnover which is derived from offering well presented and welcoming guest rooms and a high quality and varied breakfast and evening meals. The vendor has full coach bookings through to 2017. The business also generates turnover from working along side a popular coach travel company and is the only hotel that does this in the area. The hotel is extremely popular, attracting both business and holiday guests, and has a good level of forward bookings. There is great scope for increased turnover due to developments in the area such as a railway extension opposite the hotel and a new leisure centre round the corner. This will bring business to the area. This is a superb opportunity to purchase an established business, and offers a great base to build upon. An early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.???????
Tenure: Freehold

Accommodation Details:
Imposing 3 storey detached property, briefly comprising: GROUND FLOOR Secure entrance leading to: Reception with seating area Office Open plan bar lounge with fitted bar servery and separate lounge area Restaurant with ample dining tables and chairs for approximately 80 covers Ballroom/function room with fitted bar servery and dining tables and chairs for approximately 185 covers Toilet facilities Fully fitted commercial kitchen Laundry room Storage cellar Refrigerated beer & wine cellar Lift access to all floors FIRST & SECOND FLOORS 29 letting rooms 11x double guest rooms 13x twin guest rooms 4x single guest rooms 1x family guest room 15 of the guest rooms have double walk in en-suite shower rooms 14 of the guest rooms have en-suite bathrooms OWNERS/MANAGEMENT FLAT Self contained accommodation Lounge Fully fitted kitchen 2x bedrooms Bathroom EXTERNAL Car park Lawned gardens Storage area

Location Details:
The business is ideally situated in a first class location in the busy and popular town centre of Workington. Surrounded by complementary businesses, it also benefits from being situated adjacent to the train station and a few minutes walk from the shopping arcade. There is the advantage of parking to the rear of the premises. Workington is on the picturesque Cumbrian coast and on the border of the Lake District National Park. Millions of pounds have been spent regenerating this part of Cumbria and is becoming an increasing popular tourist area. Other popular residential and tourist towns of Whitehaven, Carlisle and Penrith, along with the M6 motorway, are all less than an hour away.

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