If you are thinking of selling a Hospitality and Leisure business then click here to get in touch and find out more about our NO UP FRONT FEES when you sell a business with Hilton Smythe.
We have a wide range of Hospitality and Leisure businesses for sale; from Scotland to London, we have it covered. With over 1,000 opportunities to choose from, we have a business for everyone. So, if you're thinking of buying a business click here, you're in safe hands with the UK's leading business broker.
Hospitality and Leisure
Whether it's a pub, nightclub, caravan park, bed & breakfast, hotel or gym, Hilton Smythe have the experience to help you buy or sell your perfect business, from Scotland to London, we have a business for sale, just for you. Get searching now for your perfect pub, nightclub, caravan park, bed & breakfast, hotel or gym.
Whether it's a lifestyle change, or dreams being your own boss, Hilton Smythe are with you every step of the way on your buying or selling journey. We list some of the many key things to consider when buying or selling a business.
Ever heard the phrase 'location, location, location'? This phrase is key when buying a business. If you are thinking about buying a pub, nightclub, caravan park, bed & breakfast, hotel or gym, check out the area; what are the customers like, what are the footfall levels? You will also be looking for things such as free on street parking and an excellent, established reputation in the area.
When buying or selling a pub, nightclub, caravan park, bed & breakfast, hotel or gym, the more profit you make, the more you will be expected to pay for that business for sale. When selling, you need to make sure your making as much profit as possible by ensuring your costs are down and you are maximising every selling opportunity. Don't worry if you're running the business to suit your needs, a buyer will be looking for opportunities such as deliveries or longer opening hours.
How long you have traded will determine amongst other things how much someone is willing to pay for the goodwill of the business. A bed & breakfast that has been open just a few months will be worth significantly less in terms of good will than a hotel which has grown a steady customer base for the last 20 years. Whilst this may seem to be common sense, it is often difficult for a seller to accept that a business which has traded for a relatively shorter period of time, is generally worth less than a competitor with many years' trading behind them.
If you need finance to buy a pub, nightclub, caravan park, bed & breakfast, hotel or gym, you can consider a personal loan if you need less than £25,000. If you need more than this, please remember that you are likely to need at least half of the money you borrow to buy a business if lending from a high street bank. You can talk to us about financing your perfect business for sale and we can put you in touch with specialist brokers who will search the market finding you the best rates. Don't forget, like buying a house, you will have to pay legal fees. You should also make allowances in your budget for the purchase of stock. Stock is usually valued before purchase and added to the agreed purchase price.