Business for Sale Overview:
The Business:
Advent Business Sales is delighted to offer for sale this extremely well established and very popular hotel which has been trading
successfully for over 60 years as featured on Yorkshire Television calendar news.
The current vendor has owned the hotel since 2002.
Our clients have reluctantly decided to sell due to plans to relocate abroad with early retirement in mind.
Since acquiring the business, the vendors have spent a lot of time and effort in refurbishing the hotel to its present day unique standard and concept.
The hotel’s uniqueness and standard have clearly become a talking point, which has proved extremely beneficial for the hotel.
The hotel has an AA quality standard 3 star rating.
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:
Freehold.
We are advised that the annual business rates are currently: £3,085.66.
Location:
Our client is ideally located in Cleethorpes most enviable seafront position, nestled amongst other hotels on the main coastal
road which leads to the center of Cleethorpes. The road on which the hotel is situated consists of a number of leisure and
entertainment facilities including stylish bars and restaurants.
A modern amphitheatre is under construction nearby, which will further increase the number of holidaymakers. The area has been a popular destination for many years and with further investment in the area, this will only increase its demand.
The A180 network connects the area to nearby Grimsby where the M180 can be accessed.
Market Competition and Expansion:
There is tremendous scope to further extend the property subject to planning approval to add more rooms, which would be extremely
beneficial. The properties on either side have already done so, therefore no objections are envisaged.
To further compliment the business, the restaurant would further attract customers with good quality dining. Surprisingly, a fine seafood restaurant is what the area is crying out for.
The hotel is not VAT registered at present.
Reason for Selling:
retirement
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: