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Thriving Town Centre Hotel In Kirkcudbright For Sale

Kirkcudbright, Dumfries and Galloway
Asking Price:
£390,000 Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
£50K - £100K

Due to a break in property chain, we are now re-advertising our Business

Very busy town centre hotel for sale. Situated in one of Dumfries and Galloway's most beautiful areas, this thriving small family run hotel, has increasing turnover year on year. Renovated to a high standard with an excellent reputation for food within the local community. A "ready to go" business with huge potential to increase revenue further. Idea lifestyle opportunity. Commercial valuation/survey by DM Hall in 2017 valued the business at £415,000 - copy available by request for serious purchasers. We may consider part payment/delayed purchase, with a deposit of £250,000 initial payment followed by the remaining £140,000 split over a 4 year term to complete.

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

Property information

Property:

Freehold

Living Accommodation:

Various different areas within the hotel can be utilized for personal accommodation. Previously all unused hotel bedrooms have been utilized (including a small one bedroom flat within the hotel - ideal for a master suite if converted)

Location:

Kirkcudbright, a beautiful and thriving seaside town in Dumfries and Galloway. Know as the "Artists Town" it is a very busy tourist spot, with our summer festivities committee organising events every week all summer long.

Premises Details:

9 bedroom town center hotel. Currently only operating with 5 of the 9 bedrooms - exceptional opportunity to increase turnover further.

Planning Consent:

N/A

Energy Performance Rating:
F

Business Operation

Expansion Potential:

Huge further expansion potential, various outbuildings, further bedrooms to be converted, etc.

Competition / Market:

Very little local competition.

Reasons for selling:

This hotel was taken over as an ongoing project by the current owners approx 7 years ago. It has since been upgraded, and now boasts a fantastic reputation with both locals and holiday makers. The birth of a second child, as well as the sudden passing of one of the key partners in the business has left the current proprietor thinking it is time to have some "down time" with family. This is a very busy business with almost unlimited potential to even further increase revenue for someone very energetic and motivated! Its is however already trading extremely well, and can also be considered a turn key operation as no further renovations are necessary to maintain the current trading levels.

Trading hours:

24/7

Employees:
11
Years established:
current owners took over as a closed entity 7years ago

Other Information

Support & training:

2 weeks of training/support can be given by current owners if required.

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

Subject to status, current owners may accept an initial deposit of £250,000 followed by monthly payments split over a 4 year term to complete purchase.

Current brewery is also willing to lend £160,000 on the premises freehold subject to status.

Furniture / Fixtures value:
£35,000 - included in the asking price
Inventory / Stock value:
£3,000
Website:
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Related Documents:

Contact Information

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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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