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Profitable Traditional Sea View Hotel For Sale

Weymouth, Dorset, UK
Asking Price:
£395,000 Furniture / Fixtures included
Turnover:
£177,000
Net Profit:
£60,000

Well-established and profitable traditional hotel with sea views, located in one of Weymouth’s most desirable trading positions close to the town centre and seafront. This attractive Grade II listed property offers strong and consistent income with clear scope to increase trade under new ownership.

The hotel provides 12 well-presented en suite letting bedrooms, many enjoying sea views, supported by excellent guest facilities including a dining room seating up to 34 covers, a breakfast preparation room, and a substantial recently refitted commercial catering kitchen equipped with stainless steel work surfaces, new cooker and extraction system. Additional facilities include a laundry room, private owners’ lounge/diner, three private bedrooms and a family bathroom with bath and separate shower cubicle.

Situated towards the end of the terrace within easy walking distance of all town centre amenities, the property benefits from gas-fired central heating via two boilers for heating and a separate boiler for hot water. The front elevation was redecorated in 2020, with the rear redecorated in late 2021, and the hotel has won the ‘Weymouth in Bloom’ award on multiple occasions, reflecting the high standards maintained throughout.

The business operates as a traditionally run small licensed hotel offering bed and breakfast with optional evening meals outside of August. Owned and operated by the same husband-and-wife team since 2003, the hotel is now offered for sale due to retirement. Pre-Covid accounts to December 2019 show turnover of £146,178 excluding VAT with a reconstituted net profit of approximately £60,000 per annum. Post-Covid trading has achieved turnover of £177,000 excluding VAT, despite the owners choosing to open only six months per year.

There is significant potential for incoming owners to extend trading to eight months or more, including winter months, as Weymouth benefits from a permanent population of over 50,000 and year-round visitor demand from commerce, walking, sailing and events. The secure long lease and strong profitability may support business mortgage funding, subject to status.

Further information is available upon request and early viewing is recommended.

Property Information

Property:

Leasehold

Lease Terms:

60-year full repairing and insuring lease from 2007 at a current rent of £23,500 per annum with five-year rent reviews.

Living Accommodation:

Private owners’ accommodation including lounge/diner, three bedrooms and family bathroom.

Premises Details:

Grade II listed hotel property with central heating, multiple boilers, recently upgraded commercial kitchen, redecorated elevations and strong kerb appeal.

Size in square feet:
Substantial multi-storey hotel property.
Planning Consent:

Established use as a licensed hotel.

Business Operation

Expansion Potential:

Opportunity to extend trading months, increase occupancy, and enhance food and beverage offering to further grow revenues.

Competition / Market:

Traditional hotel offering strong facilities and reputation, with sea views that differentiate it from many competitors.

Reasons for selling:

Retirement.

Trading hours:

Currently open approximately six months per year by choice.

Employees:
Owner-operated with additional staff.
Years established:
18 Years

Other Information

Support & training:

Handover available to ensure a smooth transition.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Business mortgage may be available subject to status.