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8683DN LINCOLNSHIRE F\H HOTEL/DEVELOPMENT OPPORTUNITY

Asking Price: GBP 775000
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Business Location: United Kingdom » Lincolnshire » LINCOLNSHIRE 
Category: Leisure » Hotels & Holiday Accommodation
Description:
THE BUSINESS
Advent Business Sales is delighted to offer
for sale this extremely well established and
very popular hotel which has been trading
successfully for over 60 years as featured on
Yorkshire Television calendar news.
The current vendor has owned the hotel since
2002.
Our clients have reluctantly decided to sell
due to plans to relocate abroad with early
retirement in mind.
Since acquiring the business, the vendors
have spent a lot of time and effort in
refurbishing the hotel to its present day
unique standard and concept.
The hotel’s uniqueness and standard have
clearly become a talking point, which has
proved extremely beneficial for the hotel.
The hotel has an AA quality standard 3 star
rating.
The business runs on the lines of a
traditional bed and breakfast, operating
with 9 magnificent and well equipped rooms
of which the majority have en suite facilities.
In addition, the ground floor area lends
itself beautifully to a 40 cover restaurant
area with a fully licensed bar.
There is further capacity to seat a further 16
on the outside patio to the front of the
premises, which is elevated to enjoy the
panoramic views of the adjacent seafront.
The best kept secret of the hotel is its recipes,
which have been passed down in succession
of owners.
The hotel also takes a lot of bookings for
weddings, anniversaries, and parties, which
have proved to be very popular due to the
attention to detail the vendors give, to
personalize each event.
The bookings are taken well in advance to
avoid disappointment.
This is an all season resort with many
contractors as well as local and tourist trade.
Bookings are already in place throughout the
summer.
The hotel has its own web site
(www.homhirstsafari.co.uk) and naturally
has many links including the local tourist
board. The owners advertise regularly in
hotel and guesthouse publications to further
attract customers.
 
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Financial Information:  
Annual gross sales: (GBP) 64000
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2002
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
No of trading hours: 11 months a year
Reasons for selling:
Our clients have reluctantly decided to sell due to plans to relocate abroad with early retirement in mind.
Market competition and expansion:
There is tremendous scope to further extend the property subject to planning approval to add more rooms, which would be extremely beneficial. The properties on either side have already done so, therefore no objections are envisaged. To further compliment the business, the restaurant would further attract customers with good quality dining. Surprisingly, a fine seafood restaurant is what the area is crying out for. The hotel is not VAT registered at present.
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