Business for sale

Business description

A most deligtful family hotel in a simply stunning setting to the north east of and overlooking morecambe bay in the village of carnforth.
a fabulous well established hotel with first class accounts in this area of outstanding natural beauty offered by way of a leasehold assignment at £195,000 to include a substantive inventory of fixtures and fittings plus s.a.v.

*outstanding turnover for the year ending 2007 of £525,000 inc v.a.t. split 65% food 30% wet and 5% accommodation with resultant reconstituted net operating profit of £100,000.

*comprising of main bar and lounge, the copper room, the conservatory, the britannia dinning room, function room 70 and 7 letting bedrooms.

*large terraced garden with 14 picnic benches and a smoker’s chalet.

*within walking distance of the beach and short drive from morecambe and the lake district

*three bed roomed staff apartment and separate owners cottage.

*20-year lease with 19 remaining full tie fully landlord and tenant protected.

LOCATION (LA5 0TP)
Situated on the shore of the northeast edge of Morecambe bay in an area designated as one of outstanding natural beauty. This oasis boasts some of the most delightful scenery in the north of England. Accessed via junction 36 of the M6 head for the A6 and follow the signs for Silverdale.

The village has three caravan sites within walking distance of the Hotel together with innumerable visitor attractions such as the R.S.P.B. bird sanctuary at Leighton Moss several golf courses and of course further a field Morecambe to the south and the lakes to the north, Lancaster is 20 minutes to the south east giving visitors every conceivable tourist attraction from tranquility to the tremendous shows and night life of Morecambe.

PROPERTY DESCRIPTION
Built in 1836 the Silverdale Hotel is a grade two listed building, being purpose built to cater for the many visitors to the area from all over the country. Built of Lakeland stone and rendered and painted white in the traditional Lakeland style.

On entering the premises you are greeted by an oak panelled reception area with feature stone fire place and a reception desk, adjoining the reception is the BAR AND LOUNGE (32) again part panelled with feature fire place. To the left is the Copper room panelled with a most imposing fire and oak surround.

The Britania Dinning Room has wonderful views over the gardens toward the bay and Grange Over Sands; this room is also used for serving breakfast. A more recent addition is the Conservatory providing for an ideal overspill from the lounge bar area.

To the right of reception and with it’s own separate entrance from the front of the building is the Function room used for all manner of functions entertainment and dinning during the major trading periods. This room has undergone a full refit recently and has a dance floor ceiling mounted scaffolding rig for the lighting and has it’s own bar which backs onto the main bar server there are also separate toilet facilities to the rear of the room.

All the support functions at located at the rear of the building, being the main toilets the CATERING KITCHEN with separate prep room and walk in cold room, this area is accessed from the rear of the building as is the traditional CELLAR which has several rooms as one would expect with a building of this type.

LETTING ACCOMMODATION
With wonderful sweeping views over Morecambe Bay, all 7 rooms are en-suite and two are set up as family rooms. All guest rooms have tea and coffee facilities and are in good decorative order.

OWNERS ACCOMMODATION
On the second floor of the hotel is a three bedroom apartment with bathroom and kitchen currently used for the staff, whilst the owners have an attached cottage comprising of two maisonettes, obviously there is the opportunity to move thing around to create the accommodation that best suits the owners needs.

EXTERNALS
To the west of the building is a terraced garden with wonderful planting and 14 picnic benches together with a smokers pavilion this area is accessed via the conservatory or the road side entrance.

There are a number of external rooms used for storage at the rear of the building and the car park is located further up the road, it is well signposted and has a capacity of twenty cars.

PREMISES LICENSES
We are advised that the business’s premises license allows for trading Monday through to Sunday 11am until 1am. A personal license will be required and our associates would be delighted to offer assistance in this respect.

TENURE
We are instructed to offer the business for sale by way of lease assignment of a 20 year tied lease from 2006, fully renewable at no further premium with full Landlord & Tenant Act Protection from Marstons at a business rent of £58,000 p.a. with the next rent review in four years time.

SERVICES
We are advised that the pub benefits from mains services for electric and sewage and gas Central heating throughout. Rates payable are in the region of £ T.B.A.p.a.

THE BUSINESS
This is a marvellous business drawing from the huge numbers of visitors to the area many have been visiting the Silverdale Hotel for more than three generations. There are three large caravan sites within walking distance busy all year round and the hotel is a favourite with coach parties from across the north of England.

Turnover for the last financial year was £525,000 inc V.A.T. split 65% food 30% wet and 5% accommodation, with a reconstituted net operating profit of £100,000 making this a very desirable business when compared with many on the market.

Our clients are reluctantly selling the business due to ill health and would have envisaged being in place for many years to come. They have already invested heavily in developing the function room and improving the building to the tune of £140,000 capital scheme partly funded by the brewery and are only just feeling the benefits through staggering bookings, for functions and other activity.

We would strongly advise early viewing of this business as even in the current climate this stands out as a very robust and profitable business.

Ref: S4445L