Financial Details
Asking price: £855,000
Sales revenue: £240,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
Advent Business Sales is delighted to have been instructed to offer to the market this extremely well established hotel which has been trading successfully for the past 50+ years.

The current vendor has been in ownership for the past 8 years and is reluctantly selling due to other business opportunities.

The hotel is a traditional hotel and the customer base is local, UK wide and international with many returning clients. Website generated bookings as well as telephone, reservations through ‘late rooms’ and also ‘Evllvo’. The hotel offers 14 double rooms & 3 twin at £110 per night and 5 singles at £65.00 per night.

With a large full commercial catering kitchen, the hotel has a 35 cover dining room as well as an adjacent conservatory restaurant (also function room), which can accommodate up to 90 covers.

To the side of the dining room is a good sized bar area with comfortable seating and a large tv. The hotel has 3 floors and an extensive basement – most of which is under utilised.

The hotel is an associate member of hotels and restaurants.

There is also a ‘quiet lounge’ with many early Victorian features such as moulded coving and long windows with wooden shutters.

The general appearance of the hotel is excellent, upkeep is good and the house gives a warm ‘lived in’ feel that is both welcoming and highly attractive.

The hotel also has ground floor apartment for the owner consisting of a double bedroom, large lounge, bath, shower and w/c, fitted kitchen with their own entrance to the property from the side of the building.

An opportunity exists for a pub company to acquire the building, open up the ground floor completely, make the conservatory restaurant into the main eating area but keep the upstairs accommodation going on a B&B basis. The town itself is short of this sort of business and if tastefully done, there would be enormous potential.

Another opportunity is to completely redevelop the whole building into flats, as many other houses along the road have done. This could be an excellent possibility due to an ever growing student population and a shortage of accommodation in the town.

This would be an ideal business for the following:
• Chef / hotelier
• Pub company with B&B
• Developer to convert into flats
REF: 9493SK






DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:24 x 7
Property:Freehold
Location:Our client’s well tended hotel is conveniently located on a main road, opposite a park in a highly desirable North Derbyshire Spa town. It stands alone in a very prominent location close to the Opera House.

The area is of world wide renown and enjoys a high level of tourists both from the UK and abroad. The surrounding countryside is breath taking
Premises Details:Originally a large semi detached building and briefly comprises:

Ground Floor
• The entrance is on the right of centre
• Large hallway and main staircase
• Reception desk
• Hotel office
• Quiet lounge
• Bar
• Dining room
• Second stairway
• Conservatory restaurant
• Kitchen prep area
• Main kitchen
• Rear prep area
• Dry store
• Sweet/hot drink prep area
• Was up area
• Unisex disabled w/c
• Private accommodation (previously described)
Basement
• Central heating and boiler room
• Ladies & gents w/cs
• Beer cellar
• Other under utilised rooms which could be altered

First Floor
• Large linen store
• Large cleaning/housekeeping cupboard
• 14 bedrooms

Second Floor
• Has the balance of 8 further bedrooms

All rooms are en-suite

External:
• Drive
• Paved to roadway
• Car parking at right hand side of building
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