Business Overview:
This is an exceptional investment opportunity for new owners to take a recently opened hotel, restaurant and well established bar and maximise the potential that this business offers.
The bar was established in 1982 and is located just 5 minutes from the centre of Hull on one of the busiest roads leading into the city. It is also just minutes away from the main football/rugby stadium and on match days benefits from a huge amount of passing footfall.
The owner after receiving local authority permits in 2008, decided to convert the building into a hotel with nineteen rooms all having undergone a major refurbishment. They are attracting both tradesmen and travellers during the week and are dealing with the budget end of the market. All rooms are en-suite and the hotel is central heated.
On the ground floor there is a main public bar which is fully licensed until 4.00am although the bar tends to close earlier during the week and stays open until 2.00am on Fridays and Saturdays. There are two extra rooms adjoining the main bar area, one which is used as a breakfast room and the other room can be used for private functions with its own separate bar area. This is used as a dining room area at present but could be converted into a restaurant area for the public if new owners wished as there is a fully equipped and functional professional kitchen.
The hotel and bar provides a well priced “no frills” evening meal menu to its residents and has recently introduced a Sunday Lunch menu to the general public with great success. There is an all day snack menu available to the general public with sandwiches, burgers, chips etc on offer.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This is a freehold hotel, bar and restaurant across three floors. The ground floor has a well established public bar with separate restaurant area and private function room. The bar has a dray cellar for barrel storage which has an external entrance and barrel ramp. At the rear of the ground floor is the kitchen area which has a preparation area and a walk in chiller. The hotel has a separate entrance with a small reception area. Outside there is a secure car park for circa 40 cars with an electronic security gate.
The first and second floors are all hotel en-suite guest rooms with 4 x double rooms, 11 x single rooms, 2 x family rooms and 2 x twin rooms. There is a fire escape on each floor.
At the back of the hotel is a separate owners/managers flat with a bedroom, kitchen and bathroom.
Market Competition and Expansion:
The hotel has its own website and has spent money to maximise themselves on the Google search engine. They also benefit from their prominent main road location with new residents coming from word of mouth recommendation.
Reason for Selling:
it is time to retire and let someone
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.