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Landmark Hotel And Restaurant Business In Shanklin For Sale

Shanklin, Isle of Wight, UK
Asking Price:
£89,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Holliers Hotel is a detached, imposing building, said to have been originally built in the 18th Century, substantially extended during the Victorian era and further improved in recent years. The three storey building now provides a 30 bedroom hotel boasting a host of facilities that include an indoor pool with Jacuzzi and adjoining Spa area with Sauna and Fitness room. There are liovely gardens with children's play equipment, decked areas and terracing, highly popular with the hotel's guests and non residents alike.
The Carvery Restaurant and Bar is currently laid to cater for 66 covers and is highly popular with both hotel guests and non residents alike. Adjacent there is a Piano Bar, with relaxed seating, pub pursuits and Ladies and Gents w.c. facilities. Of particular interest is the recently opened "Sizzlers" which is a separately accessed 43 cover restaurant offering Steak House style fayre and open to the public from 5.30 p.m. to 10.00 p.m. We understand that Sizzlers has been a great hit both locally and to tourists, wishing to enjoy candlelit dining in Shanklin's Olde Village.
The 30 rooms are ensuite with a mixture of baths and showers and situated on first and second floor levels. A number of the rooms have been updated and improved in recent years and are well appointed, furnished and equipped to a good standard.

A comprehensively equipped kitchen with ancillary stores is conveniently located at the rear of the restaurant. The staff accommodation comprising two bedrooms and a separate bathroom is positioned slightly away from the main building. There is a guest quiet lounge at first floor level and a laundry room on the ground floor.
Outside there are 2 parking areas for guest cars and visiting coaches.
The business
Our clients have been trading Holliers Hotel since April 2006 and the business was previously operated as a hotel and nightclub prior to this. During our client's tenure, a strong and profitable turnover has been built, of around £450,000 net of VAT. Detailed accounting information provided indicates healthy profits are available to the right operators. More detailed financial information can be made available to bona fide applicants after inspection.

Property Information

Property:

Leasehold

Location:

Set in the middle of the busy Old Village area of Shanklin amongst other picturesque buildings and near Shanklin Chine, providing a popular location for an Island holiday and the buoyant environment in which to trade the restaurant and bar. Shanklin is the senior town on the Island's south coast within Sandown Bay and its famous 4 miles of sandy beach offering safe bathing, a wide range of tourist entertainment, places of interest and shopping as well as the natural interest and beauty of the Island's countryside.Shanklin serves as a day-to-day needs centre, particularly for the Sandown, Shanklin and Lake conurbation, themselves wrapping around Sandown Bay. The sandy beaches and leisure offer of the area ensures high numbers of visitors and tourists, boosting the local population of around 19,500.

Contact Information

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