EIGHT BEDROOM HOTEL, RESTAURANT AND FUNCTION ROOM in Cumbria for Sale.
The sale of this outstanding business and property represents a once in a generation opportunity to acquire a multi-faceted business with several individual income streams, operated from substantial Freehold premises in this coastal Cumbrian town. The business has been owned and operated by its current owners for the last 25 years but has recently undergone substantial upgrades and a high quality remodel to incorporate a bed and breakfast business with eight spacious and elegant en-suite bedrooms. Former Working Men’s Club and the towns night club, very recently converted to additionally incorporate eight superbly furnished and surprisingly spacious en-suite bedrooms with flat screen TV’s and beverage making facilities. Planning approval exists for a further 3 en-suite rooms. Ground floor restaurant with capacity for at least 60 diners, dual sided licensed bar and a large separate function room with dance floor, pool tables and gaming machines. Professional sound and lighting equipment. Customer WC’s and Emergency Exit. Large capacity, ground floor beer cellar and bottle stores. Finished as recently as late summer 2018, the hotel consists of: Separate entrance at ground floor level to hotel reception and management office. Stairs leading to first floor hotel accommodation. Three double bedded en-suite rooms, Two twin bedded en-suite rooms, One triple (single bedded) en-suite room, One room with one double and two single beds, en-suite, One room with one double and one single bed, en-suite. There is a fully fitted and equipped kitchen / breakfast room for the exclusive use of hotel guests opting to cater for themselves in contrast to using the restaurant facility. A flat roof area exists, currently covered and utilised as storage but presenting an opportunity to build in an additional four en-suite hotel bedrooms (subject to planning consent) and further develop the hotel business. The restaurant and function facility enjoys an average weekly turnover of £7,500 per week and the fledgling hotel income is currently circa £1,000 per week, growing steadily as it establishes itself in the hotel industry marketplace. The fledgling Hotel / Bed and Breakfast business has not been effectively marketed and promoted thus far and therefore a huge opportunity exists to grow this very lucrative facet of the business. EPC Band D.