Adams & Co - Business Transfer Agent, Business For Sale UK

£595,000

Freehold

14 Bedrooms

EXCEPTIONAL HOTEL and RESTAURANT - Cumbria

•	CHARACTER VICTORIAN PROPERTY IN SPACIOUS GROUNDS
•	ENJOYS HIGH LEVEL OF YEAR ROUND COMMERCIAL TRADE
•	T/O c£216K. GROSS PROFIT c£159K. EXCELLENT NET PROFITS
•	NEWLY REFURBISHED 46 COVER A LA CARTE RESTAURANT
•	POPULAR VENUE FOR WEDDING RECEPTIONS and FUNCTIONS
•	SERIOUS OFFERS INVITED

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A substantial character property with 14 en-suite guest rooms. Immaculately presented throughout. 46 cover A La Carte Restaurant. Guest lounge and bar. Year round commercial trade. Popular venue for wedding receptions and other occasions / functions. T/O c£216k. GP c£159k. Excellent trading history showing good net profits. One Bed private accommodation. Viewing highly recommended to appreciate. SENSIBLE OFFERS INVITED DUE TO ILL HEALTH.( select Full Details for more! )

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£595,000 / EXCEPTIONAL HOTEL and RESTAURANT - Cumbria / ref: NW010036

Full particulars.

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FULL PARTICULARS

THE PROPERTY
A beautiful Victorian mansion, the property has retained many of its original features adding to the considerable charm and character of the Hotel. The Hotel occupies a prime, highly visible trading position, with spacious grounds and car parking facilities. The property has an impressive frontage and large footprint and giving maximum convenience for guests. It has 14 bedrooms, all en-suite, a delightful restaurant, resident's lounge bar and an excellent commercial kitchen. The property benefits from having part double-glazing, and has Gas Central Heating installed throughout, and also a fully fitted fire alarm system. The ground floor comprises reception area, resident's lounge bar with 20 covers, and the A-La-Carte restaurant offering 46 covers with patio doors overlooking the garden. The restaurant is serviced by the fully fitted commercial kitchen with a range of equipment including a stainless steel six-ring range, griddle and grill (all under stainless steel extraction/ filter system) and a large Zanussi stainless steel commercial dishwasher. There are other ancillary cooking items and refrigeration/freezer units (all included) plus china/cutlery for this commercial business. The kitchen area leads to a dry store, laundry room and cellar with wine and spirit store.

GUEST ACCOMMODATION

All guest rooms are fitted to an extremely high standard and are in immaculate order, with no expense spared in maintaining the Hotels ambience. All rooms have quality en-suite facilities with bath or shower. The resident's accommodation comprises:

" 6 Double Rooms
" 1 Twin Room
" 7 Single Rooms

Facilities and Features Include:

Satellite Television
Wi-Fi Internet Connectivity
Direct Dial Telephone
Tea / Coffee
Compliments Tray

OWNERS ACCOMMODATION

Located on the first floor, comprising spacious lounge, double bedroom and feature bathroom.

EXTERIOR

Spacious parking areas to front and side. Front garden area with gravel driveway, lawn and mature planted borders with shrubs and trees, providing a relaxed setting for the guests.

THE BUSINESS
The Hotel is ideally sited to capture the local Business trade, and the quality position and accommodation enhance this. The Hotel is especially popular in the area for weddings, christenings and funerals. At present the owners offer BandB and the restaurant is open 7pm-9pm Monday to Saturday and 12pm to 2pm for Sunday lunch, therefore giving much further scope to increase the restaurant hours to include weekday lunches and longer opening hours, especially on a Sunday. The Hotel has a good mix of commercial and tourism trade to ensure year round trade and with the Hotel boasting an excellent occupancy rate.

Turnover for the year ending 31st August 2011 was £210,566, excluding VAT, with a Gross Profit of c£149,447. Accounts will be made available to seriously interested parties, following a viewing.

COMMENTS
A superb Hotel in an excellent trading position and with good all year round trading capability. The developing area, high repeat trade levels and improving premises are a considerable asset and viewing is highly recommended to appreciate this opportunity.

FINANCE
Finance for this business is available through Adams and Co(Finance). Please call this office for more details. Please remember that all loans are subject to status and survey.

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs.

Additional Services
When purchasing a business (particularly for the first time) there are many important issues to consider and organise. With over 50 years experience of the Business Transfer market we at Adams and Co are ideally placed to help purchasers. We are able to arrange competitive finance, insurance, and stock-takers, if required. Please telephone for further information.

THE PROPERTY MISDESCRIPTIONS ACT 1991
Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase. References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co have not had sight of the title documents. Buyers are advised to obtain verification from their solicitor. All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'.