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Established Hotel In Birmingham For Sale

Birmingham, West Midlands
Asking Price:
£1,250,000
Turnover:
£371,500
Net Profit:
Available on request

WELL ESTABLISHED 35 BEDROOM HOTEL – WEST MIDLANDS
Good reputation – regular and repeat trade
Genuine reason for sale due to retirement
Superb trading location - Set in 0.67acres
Advised annual turnover of £371,500
1 bedroom owners' accommodation
Situated in the suburb of Erdington
Scope for further development
Ideal partnership opportunity
Easy to run
FREEHOLD

Business History
Meridian Business Sales are delighted to offer to the market this well presented and maintained 35 bedroom hotel which was established in 1970 and has been in the careful hands of our clients for the past 37 years. Since our clients took over the business they have invested time and money in the business and premises meaning that it is in full walk in condition. They have continually introduced new lines and income streams which have enhanced the business massively.

Our clients inform us that the annual income currently runs at £371,500 with additional income of £6,000 per annum for flat rental. Our clients offer a warm and friendly atmosphere with comfortable rooms; single, twin, triple, double beds and family rooms. The 35 bedrooms are well equipped, some with showers and some en suite. They provide a full English breakfast, continental breakfast and dinner/evening meals, from the A La Carte menu in the restaurant which has 50 covers together with and extensive bar snacks menu during the week. Residents range from tourists, people visiting relatives and business people. Currently the business is owner operated with 7 full time and 2 part time members of staff. Our clients are happy to provide training during the transition period. There is scope to expand and extend the bare and food facilities and open for functions to the general public which may increase income. Our clients have a good reputation within the local community and as such have a high amount of regular and repeat trade together with word of mouth recommendations. Benefiting from free internet access and a professional website this is a super opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended.
Tenure: Freehold

Accommodation Details:
The imposing detached property is well maintained with its own driveway. It is well signed and briefly comprises: BASEMENT 5 x cellars GROUND FLOOR Residents bar Games room – pool table and darts 3 double en suit bedrooms Lounge Restaurant – with 30 covers Kitchen – well equipped for business FIRST FLOOR 18 bedrooms Laundry room – well equipped for business SECOND FLOOR 14 bedrooms 3 shared bathrooms Store room Attic store room EXTERNAL CCTV There is parking for 35 vehicles via the front and back car parks There is a beer garden and patio area to the rear with smoking shelter

Location Details:
This well presented 35 bedroom hotel is situated on a prominent main road location in Erdington and is surrounded by many residential properties. The business benefits from private, off road and roadside parking and with public transport close by is ideally situated for a business of this type. Erdington is a suburb just 5 miles northeast of Birmingham city centre, bordering on Sutton Coldfield, it is a council constituency managed by its' own district committee. The business benefits massively from its surrounding as it has many neighbouring attractions within a short distance including The National Exhibition Centre (NEC), The National Indoor Arena (NIA), Birmingham International Airport and various Sports Stadia. Erdington is reached easily via the A38 and A452 with the M6 motorway, junction 6 (spaghetti junction), being just one mile away which makes travelling and commuting very easy.

Property information

Property:

Freehold

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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