Hilton Smythe is delighted to welcome to the market this well-established and popular hotel business, which is ideally located within the busy seaside resort of Blackpool in Lancashire.
The business was established by our client in 2007 and is only now, reluctantly, being offered to the market, due to our client's unfortunate health problems. The hotel operates all year round and generates a turnover in the region of £52,000 per annum, with a gross profit of approximately 87%, as per the 2016 accounts.
Our client offers guest accommodation with 17 letting rooms on a bed and breakfast only basis. All the rooms boast en-suite facilities, full central heating, flat screen TVs and tea/coffee making facilities. The hotel has 9 double rooms, 6 family rooms and 2 single rooms, as well as a dining room with 40 covers and 3 bedroom owners' accommodation. The property boasts 458 sq. metres of floor space and has been fitted to a very high standard and are very well-maintained throughout.
The business has built up an excellent reputation for the very high quality of the accommodation and service offered, which has resulted in a loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business also has excellent reviews on the popular travel website Trip Advisor and boasts three Certificates of Excellence for 2012, 2015 and 2016.
We feel there is scope to increase the turnover by embarking on a modest marketing campaign to promote the accommodation offered. A new owner could also offer guests an evening meal option, which could boast the takings. The hotel already has an informative website in place to advertise the business, which would benefit from online booking facilities. Our client also utilises social media websites, such as Facebook, which has 675 likes.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving hotel business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Freehold.
HOURSThe business operates all year round.
STAFFThe business is owner run and managed with 1 x staff member.
FINANCIAL PROFILEThe business generates a turnover in the region of £52,000 per annum, with a gross profit of approximately 87%, as per the 2016 accounts.
The Kings Cross Hotel occupies substantial four storey premises, which is ideally located within the thriving tourist destination of Blackpool in Lancashire. The business is surrounded by complimentary businesses and benefits from car parking facilities within the area, as well as a high volume of footfall and passing trade.
Blackpool is a tourist hotspot with visitors to the town throughout the year, boasting many attractions such as the Pleasure Beach, Blackpool Tower and of course Blackpool Illuminations. The town has an estimated population of 142,000 residents, and a population density that makes it the fourth most densely populated borough of England and Wales outside Greater London.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Blackpool North Railway Station is just over half a mile away and Blackpool South Railway Station 2 miles from the property. The area is also well-served by the A-roads, with the A5073 being within easy driving distance, which links to the vast A-road and motorway networks. Blackpool is 17.5 miles north west of Preston, 27 miles north of Liverpool, 30 miles north west of Bolton and 40 miles north west of Manchester.
Substantial four storey premises, which is in an ideal trading location, briefly comprising:
Dining room with wooden tables and chairs for 40 x covers.
Full commercial kitchen with:
Tiled walls and floor.
6 x burner stainless steel cooker with double oven.
Floor standing deep fat fryer.
6 x pot Bain-Marie with under storage.
9 x double bedrooms with en-suite facilities.
6 x family bedrooms with en-suite facilities.
2 x single bedrooms with en-suite facilities.
2 x double bedrooms.
1 x single bedroom
4 x car parking spaces.