8 Bedroomed Hotel North Wales - Reduced
Business for sale
Asking Price:
£170,000
Turnover:
£300,000
Annual profit:
250k to 299k
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
3
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
The Business Partnership is pleased to offer for sale this 8 Bed North Wales Hotel. The business had been closed for some time prior to the present owners acquisition. It has had an extensive program of refurbishment in all areas.It is fully licensed with a fully equipped bar and 40 cover lounge and conservatory. There are presently 8 letting bedrooms with potential to increase this number.
It has an impressive turnover despite the fact that the vendors have limited the rate of expansion. Although family run a number of those involved have commitments elsewhere and are unable to give the hotel the attention it demands and deserves. The decision was reluctantly taken to put the business up for sale with the hope that it will be taken on by someone who can exploit the considerable potential available. Due to illness in the family the hotel has been reduced for a quick sale.