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Outstanding 16 Bedroom Hotel for Sale

Whitby, North Yorkshire

Freehold : £ 795,000
Turnover : £ 1,439 p.w.
Gross Profit : 89%

This beautifully presented hotel is located in a sea front position in the popular tourist destination of Whitby, in North Yorkshire, it is in a high footfall position ideal for a business of this nature. Whitby is a town and civil parish in the Scarborough district of North Yorkshire. It has featured in many television dramas and most famously in Bram Stoker's novel Dracula. Whitby is popular for general tourists but in particular with walkers and cyclists, the famous Magpie restaurant is within a short distance of the business and the popular golf course is also within a 2 minute drive. Whitby is reached easily via the A171, A169 and the A174 linking the town with nearby Scarborough, Middlesbrough and Pickering, the A1M provides access to the UK's wider motorway network.

Stunning guest and owners' private accommodation
Advised turnover £74,807 with good gross profits
Character property built in approximately 1873
Fabulous 4 star accredited accommodation
Early viewing is highly recommended
Excellent high footfall trading location
Beautiful sea front location in Whitby
15 en-suite rooms

Business History

Meridian Business Sales are delighted to offer to the market this outstanding 16 letting room hotel, 15 of which are en-suite with 1 private bathroom that has been in the capable hands of our client for the past 3 years. The only reason this exceptional opportunity is being offered to the market is due to the unfortunate bereavement of one of our clients immediate family members. Since owning the business our clients have spent a considerable amount of money in upgrading the property and facilities to the point where the business now represents a true 'turnkey' opportunity for any prospective purchaser. We are advised of a very respectable annual turnover of £74,807 with good gross profits which is derived from the letting of our client's hotel rooms. There is great potential to increase turnover with the addition of an evening meal service which is not currently available. The business has an outstanding reputation and benefits from a high percentage of repeat trade and regular visitors as well as good passing trade due to its seafront location. Indeed the business has been accredited with a 4 star rating by the respected Visit England organisation. Our client's only advertise very limitedly but benefit from large numbers of recommendations from organisations locally such as the tourist information board providing further scope for improvement with the addition of booking agents or an affiliation with a coach holiday company. This is a superb opportunity to purchase a thriving business with great scope for improvement in a beautiful coastal location and as such early viewing comes highly recommended as this business is not to be missed.

Accommodation: Mid terraced substantial 6 storey property built in C.1873, seafront location, 16 letting rooms with 15 full en-suites, beautifully presented owners' accommodation, briefly comprising:

Stunning 32 cover dining area and fully fitted commercial kitchen. Access to utility room and rear yard.

Secure entrance from seafront location leading to welcoming reception area, left of reception area leads to owners' private accommodation beautifully presented open plan bespoke studio apartment with lounge area and double bedroom with stunning open plan en-suite. Right of entrance leads to letting guest room 1, stairway leads down to dining area and a secondary staircase leads to first floor.

Beautifully presented 3 x double bedrooms, 2 of which have stunning 4 poster beds. Storage room and stairway to second floor.

2 x family sized guest rooms, 1 x double bedroom, 1 x single bedroom, linen cupboard and stairway to third floor.

2 x double rooms, 1 x family sized room, 1 x single room, linen cupboard, fire escape and stairway to fourth floor.

2 x double rooms, 1 x family room, 1 x single room and private bathroom for the exclusive use of the single guest room.

Secure storage outhouse, toilet and ample free roadside parking to front of property.

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855 Advert ID 29049    Sellers Ref : 2384/BSOL

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