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Well Known Established Hotel, Restaurant And Function Business For Sale

Carlisle, Cumbria
Asking Price:
£50K - £100K
Turnover:
£200K - £500K
Net Profit:
£50K - £100K

Well-known established hotel, restaurant and function business for sale
Detached hotel in generous grounds with 9 guest bedrooms
Western fringe of Carlisle ideal for by-pass and routes north and west
increasing level of turnover and profit
Sale due to retirement of owners

More details available upon request, contact seller below for more information.

Property information

Property:

Leasehold

Lease Terms:

Either by assignment of the existing lease on full repairing and insuring terms expiring 31 July 2020 at a passing rent of £25,500 per annum or;

A new lease agreement for a term of years to be agreed.

Leasehold Rent:

£25,500 per annum

Living Accommodation:

Potential for staff/managers flat at the rear of the ground floor. Requires updating but would provide bedroom and bathroom accommodation. Currently used for office/storage purposes.

Location:

The property is situated approximately 2 miles west of Carlisle City Centre, within easy access of motorway and convenient for the Carlisle Northern By-pass

Premises Details:

The Property comprises an attractive two-storey detached hotel and restaurant with fully fitted commercial kitchen, set in its own gardens. The accommodation is arranged as restaurant, dining and residents bar premises to the ground floor seating up to 90 covers with 9 guest bedrooms to first floor.

The property is well presented throughout with all rooms incorporating a television and tea/coffee making facilities. Of the 9 bedrooms there are two twin rooms with en-suite, two single rooms with en-suite, four single rooms with wash hand basins, two further single rooms and a family room with en-suite. Off road parking is available to the side and rear of the property with extensive private gardens.

Energy Performance Rating:
D  View EPC Graph for this property

Business Operation

Reasons for selling:

Sale due to retirement of owners

Trading hours:

Vallum House Hotel is an established family-run business (25 years) employing 3 full-time and 6 part-time staff alongside its owners. A well-known bar/restaurant with a good reputation allowing up to 50 covers within the traditional dining/function room alongside an additional 40 covers within the bar area. Food is freshly prepared to order in a fully equipped commercial kitchen with drinks served from a fitted free-of-tie licensed bar. The restaurant and bar currently trades between the hours of 12pm -2pm and 6pm – 9pm 7 days a week.

The accommodation includes bed-and-breakfast facilities as part of the room tariff. The hotel is popular for small scale functions and gatherings as well as feature food and entertainment nights.

Employees:
3 full-time and 6 part-time staff alongside its owners
Years established:
25

Contact Seller

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