Status: For Sale
Tenure: Freehold
Turnover: £38,157
Busy Hotel/Guest House in Blackpool For SaleBusy Hotel/Guest House in Blackpool For SaleBusy Hotel/Guest House in Blackpool For SaleBusy Hotel/Guest House in Blackpool For SaleBusy Hotel/Guest House in Blackpool For SaleBusy Hotel/Guest House in Blackpool For SaleBusy Hotel/Guest House in Blackpool For SaleBusy Hotel/Guest House in Blackpool For Sale
£289,950 + SAV

Busy Hotel/Guest House in Blackpool For Sale

For Sale
  • Reference: 13585 D
  • Location: Blackpool, Lancashire
Hilton Smythe is delighted to welcome to the market this well-established and popular hotel/guest house business, which is ideally located within Blackpool, Lancashire.

The business was originally established in 1998 and has been in our clients' careful ownership since 2014. Only now is the business being offered to the market, due to our clients' desire to focus on other business interests. The business currently operates all year round and generates a turnover in the region of £38,160 per annum, with a gross profit of approximately 81%, as per the 2016 accounts.

Our client offer 12 guest bedrooms, 11 of which are en-suite, all are decorated to a very high standard, as well as three bedroom owners accommodation. The hotel is fully licenced and hosts a popular residents bar and a 24-cover dining room, with evening meals available daily. The hotel provides fibre optic broadband. The property boasts 411 sq. metres of floor space and is very well maintained.

The hotel has built up an excellent reputation within the industry for the very high quality of the guest accommodation and services offered, which has resulted in a loyal client base, with a good volume of repeat trade.

We feel there is huge potential to increase the turnover, as the business is currently run at a pace to suit our clients, due to the impending retirement. A new owner could embark on a modest marketing campaign to highlight the accommodation offered. The hotel already has an excellent website in place to promote the business at www.rowanhotel.co.uk, which is very informative and could incorporate online booking facilities. The business also has excellent reviews on the popular travel website Trip Advisor and is on Booking.com.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

TENURE

We are advised Freehold.

HOURS

The business operates all year round.

STAFF

The business is owner run and managed.

FINANCIAL PROFILE

The hotel generates a turnover in the region of £38,160 per annum, with a gross profit of approximately 81%, as per the 2016 accounts.
The Rowan Hotel occupies substantial three storey premises, ideally located within the popular seaside town of Blackpool, on the Fylde coast in Lancashire. The business is surrounded by a wealth of complementary businesses and just a two-minute walk away from Queens Promenade, therefore the hotel benefits from a very high volume of footfall and passing trade, as well as on and off street car parking facilities.

Blackpool is a tourist hotspot with visitors to the town throughout the year with 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 bus stops within easy walking distance of the property, as well as the famous Blackpool trams, which run along Queens Promenade. The nearest railway station is Blackpool North, which is less than 1½ miles away. The area also has excellent road connections, with the A583 (Preston New Road) being within easy driving distance, which links to the M55 and the motorway network. Lytham St Annes is approximately 7 miles away and Preston is 19½ miles away.
Substantial three storey premises, which in in an ideal trading location, briefly comprising:

Guest accommodation:

• 24 cover dining room.
• Residents bar
• Kitchen.
• Family room with en-suite facilities.
• Family room with en-suite facilities.
• Family room with en-suite facilities.
• Family room with en-suite facilities.
• Double room with en-suite facilities.
• Double room with en-suite facilities.
• Double room with en-suite facilities.
• Double room with en-suite facilities.
• Double room with en-suite facilities.
• Double room with en-suite facilities.
• Twin room with en-suite facilities.
• Single room (presently used for additional storage, although it could work alongside one of the two family rooms that surround it).

Owners accommodation:

• Master bedroom with en-suite.
• Large double bedroom/lounge.
• Single bedroom.

External:

Car park to rear for approximately 6/7 vehicles.

The hotel has full CCTV.

Contact us today for more information

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