Established Hotel/Restaurant SOLD SUBJECT TO CONTRACT For Sale

Business description

Liverpool Business Sales are pleased to be able to offer for sale this well established Guest House/Restaurant.Located in a thriving town centre location. The hotel consists of 15 en-suite rooms along with excellent 2 bedroomed owner's accomodation. The business also has a 2 star rating from the AA. The business is open all year round and has many repeat customers mixing from tourist and commercial clients. There is tremendous scope to develop the business including utilizing the restaurant for non-resident dining, also promoting private functions as well as increasing the marketing of the business. The property also benefits from having a premises licence granted by the relevant local authority. We are advised by our clients that the business shows a turnover for the period ending March 2007 of £150,104 with associated profits of £130,151. We are also advised that The Merseyside Partnership has funding avaliable for small hotels and guest houses to assist with a range of improvement projects competed by October 2008.

Property information

Property:

Freehold

Living accommodation:

The owners accomodation is located on the lower ground floor the owners apartment comprises a spacious lounge, 2 double bedrooms, bathroom kitchenette and store rooms.

Location:

This business is ideally situated a short walk from Southport Town Centre and the renowned Lord Street. Southport is a North West Coastal resort and fashionable shopping venue. Southport also hosts the "Southport Flower Show", "Southport Air Show", British Musical Fireworks Championships, International Jazz Festival and many more which are held annually. The promenade area has also been re-developed boosting the recreational trade in the area. Recent and on-going developments include building of a large conference centre which coupled with major re-development of Lord Street offers substantial opportunity to develop and build on the excellent trade base already established.

Other information

Reasons for selling:

Retirement Sale

Trading hours:

Open all Year Round

Financing available:

We have contacts with many major finance houses who will be pleased to offer help or advice. The owners existing bank have expressed a keen interest to remain involved if of interest to a prospective purchaser.