Large Freehold Private Hotel With Owners Accommodation For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- A business with great potential which has not been exploited because vendors ill health.
- An easily run operation.
- A good first time buyers business and ideal purchase for couple.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides B & B.

History
Agents are delighted to place onto the market this large Hotel which has been established since 1960. The business has been in the hands of the current owner since 1983 and now wishes to sell due to ill health.

Services
This very good business opportunity provides a B & B.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of tourist and many repeat booking from Companies.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include evening meals.
• Increasing the product line to include drinks licensed.
• Becoming more efficient with staffing levels.
• Upgrade rooms to make all en suite.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Freehold

Living accommodation:

First Floor On the first floor there are 4 single rooms, 3 double rooms with en suite, a toilet, and shower room with toilet. Second Floor On the second floor there is 1 double room with en suite along with 2 twin rooms, one being en suite and the other being standard. Third Floor On the third floor there is 1 twin room. External To the front there is car park. To the rear is the garden.

Location:

- Situated in the busy area of Sutton in Surrey.
- Prominent location on a quiet crescent.
- Excellent free parking.
- Surrounded by densely populated residential area with schools and other local amenities.
- Commercially thriving area.
- Well linked with the Sutton Town centre and central London
- Sutton mainline Railway station lies close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is a semi detached property with parking area and garden.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include evening meals.
• Increasing the product line to include drinks licensed.
• Becoming more efficient with staffing levels.
• Upgrade rooms to make all en suite.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

wishes to sell due to ill health.

Trading hours:

24/7

Employees:

The concern employs no staff and is family run.

Years established:

51 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£7,000 (included in the asking price)

Inventory / Stock value:

£500