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Business for sale in United Kingdom - Ac209-freehold private two star 21 bed hotel www.drakehotel.net-plymouth

Asking Price: 1,250,000 £ Real Estate: Ownership
Sales Revenue: 1 £
Net Profit: 1 £
Year Established: 2000
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Devon/Plymouth

Business types:

Accommodation & Food services

Business categories:

Hotels & Motels ; Other Accommodation & Food Services

Business description

excellently located within a few minutes walk of the city centre and just 300 metres from historic plymouth hoe, this imposing grade two listed building is over two hundred years old, full of character and ambience that you would expect from a hotel of this age and standing.

over recent years the building and rooms have been subject to substantial renovation so the successful purchaser will be acquiring a business requiring little further attention. Every one of the twenty-one bedrooms has been tastefully redecorated and benefits from an en suite bathroom, coffee and tea making facilities and a flat screen colour television.

guests and non-residents can enjoy a drink in the atmospheric oak paneled bar, prior to dining in the hotel restaurant that has capacity to cater for circa seventy covers. The hotel is a free house with no ties to any suppliers.

an extensive refit of the kitchen has been a major key to the catering success of the hotel. The kitchen has been refitted with a state of the art extraction system, which compliments new cooking ranges, fridges and preparation areas, whilst creating a comfortable working environment for the chef.

key strengths:

such is the level of refinement the vendor feels that the hotel could be re-graded in the future to a three star establishment. The hotel maintains a good level of occupancy, which has remained constant over the years. This loyalty has been achieved by establishing and maintaining relationships with companies and individuals who regularly visit the city in the normal course of business.

this is a popular destination for travellers bound for the continent who require somewhere to stay prior to an early ferry crossing!

this is a friendly, family run hotel, not part of a soul less chain of hotels. The welcome is both warm and genuine and the service levels high. The hotel has an average occupancy of over seventy five percent with much of that footfall being repeat visitors.

growth and expansion:

over recent years the business has seen an increase in the levels of tourists visiting the city and surrounding areas requiring a comfortable base from which to enjoy their holiday.

the hotel is an ideal answer to their problems being close to the city centre with numerous restaurants, theatres, clubs, pubs and galleries within easy reach. The hotel has the added advantage of available parking, that is always of significant benefit to the traveller at the end of a long journey.

the hotel also plays host to a number of weddings and receptions during the course of a year and this part of its revenue stream would benefit from being properly promoted.

key opportunities:

the tourist sector is one to be developed as many uk residents are now choosing to holiday in the british isles. The south west remains a popular destination and city breaks form part of that growing market.

Additional information

Additional information: Not Disclosed
Support & training: The handover of the business would be a straightforward issue.
Reasons for selling: The owners have decided to retire.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 1 £
Location: Well situated with easy access to the city centre, with its new modern shopping area, Theatre Royal, restaurants, pubs and leisure facilities, plus the hotel is ideally situated for Brittany Ferry Passengers travelling to France and Spain. Train and Coach Stations are within very easy reach.

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