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Superb Hotel In Central Location - Southport For Sale

Southport, Merseyside, UK
Asking Price:
£475,000 Furniture / Fixtures included
Turnover:
£65,385
Net Profit:
Available on request

Prominent Central Southport Location
Accounts Available Year End 31st March 2020
Annual Turnover £65,385
Gross Profit £48,235
Accounts Available After Viewing
Liverpool City Region Finalist 2022
Eight En-Suite Rooms
Stunning Owners Accommodation
Genuine Reason for Sale
Guest Ranking of 9.7 on Booking.Com
Beautifully Presented
Secure off Street Parking for up to Seven Cars
100yds to Lord Street and Promenade
Huge Scope for Increases in Business
Good Proportion Of Regular Guests
EPC - C

REF 7529 – Superb Freehold Hotel in Central Location with excellent owners accommodation

Blacks Brokers are pleased to bring to the market this freehold hotel located in Southport, Merseyside.

INTRODUCTION

The Braemar Hotel Southport was established in this affluent area of Southport over fifty years ago with our client taking ownership in 2016. The hotel has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of additional trade generated by excellent OTA rankings and word of mouth recommendations. Our client has worked hard to increase the ranking and reputation since he took ownership and the excellent reviews on Booking.com, Google and TripAdvisor reflect this. The Braemar Hotel also has a comprehensive website in place controlled by a very user friendly booking engine. Each Room is tastefully decorated to a very high standard, fitted with many features and facilities complementing its excellent reputation in the market.

LOCATION

The Braemar Hotel occupies a very central and prominent position in the historic seaside resort of Southport. The town is reported to be bucking the retail trend with new investment coming into the town (Ref: ---.--------.--.--), such as a recent conversion of the previous indoor market into a thriving Food Court and Bar, a proposed new conference centre, redevelopment of the former BHS and previous Cinema and the proposed re-opening of the nearby Beales department store. Southport has excellent rail links with Liverpool and Manchester and has 13 major or championship golf courses within an hour’s drive. The town normally hosts many events, such as a Flower Show, an Air Show and was the location for the 2017 Open Golf Championship.

REASON FOR SALE

The business is ideally suited to a hands-on-owner-operator but due to our client’s future business opportunities, the business is now offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level, without the need for major investment.

STAFF

The business owner operates the business with the help of a part time member of staff and his partner who also works full time.

FINANCIAL DETAILS

The Braemar Hotel Southport has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st March 2020 show annual turnover of £65,385 and gross profit of £48,235. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is an excellent opportunity to purchase a long established business and property that occupies an enviable trading position with an excellent reputation in the centre of Southport. There is plenty of scope to develop the business further, with marketing campaigns and a push on social media. This is a turn key business in the centre of an up and coming town that is attracting lots of investment and development. The business itself is currently experiencing a large increase in demand, because of the recent surge in “Staycation” visitors following the relaxation of COVID restrictions. This is predicted to continue well into future, because of the uncertainty with foreign travel. Future sales opportunities include another Open Golf Championship and all the events returning in 2022 and beyond, such as the Air Show, Flower Show and all the other regular festivals and events).

Property Information

Property:

Freehold

Business Operation

Trading hours:

Current Trading/Operating Season

February to Late December Each Year

Minimum stay – Currently 2 Nights

Contact Blacks Business Brokers

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