£0 £1000000
£0 £1000000

For Sale

4-star hotel and AA Rosette awarded restaurant for sale in North Yorkshire

North Yorkshire

  • Asking Price: £750,000
  • Turnover: The 2020 statutory accounts record a turnover of c.£1.9m with an adjusted EBITDA of £317,000. Income is broadly split 37% hotel and 63% restaurant.

  • Tenure: Leasehold

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Hilton Smythe are pleased to offer to the market this popular, leasehold boutique hotel, which our clients have carefully maintained to a high standard throughout. They manage around 30 guest bedrooms and is an award-winning restaurant with capacity for over 150 covers, the business has grown both its annual turnover and profitability with an established reputation amongst customers and guests.

This opportunity is an attractive one, offering a business accredited by the AA as a four-star rated hotel with AA Rosette awarded restaurant and a strong positive presence on Trip Advisor, being rated amongst the top 10 hotels locally.

The business is offered to the market confidentially, on a 100% share sale basis. We are seeking offers in excess of £750,000 for the share capital.

Given the nature of the business, it operates 24 hours a day 7 days per week.

The premise licence permits the retail of alcohol for both on and off premises consumption Monday to Saturday 10am to midnight and 12pm to 23:30 on Sunday.

Given the nature of the business, it operates 24 hours a day 7 days per week.

The premise licence permits the retail of alcohol for both on and off premises consumption Monday to Saturday 10am to midnight and 12pm to 23:30 on Sunday.

This popular hotel and restaurant are located within an affluent and popular area of North Yorkshire. Further details will be provided upon signing of a Non-Disclosure Agreement.

Located over four floors, the restaurant and hotel premises briefly comprise:

A restaurant, which has 105 internal (73 covers in the main restaurant and 32 covers across two private dining rooms) and 58 outside covers and is situated across the majority of the ground floor, together with two accompanying bar areas and centrally located kitchens, with the main hotel Lobby also situated on the ground floor. From the lobby, there is access to a lift servicing the ground, upper ground and first ground floors with a staircase that services all floors. To the right of the building is a private dining, which also doubles up as a meeting room, with various storage rooms, wine cellar, WC’s and office all housed on the ground floor
of the property. To the rear of the property is a reasonably sized newly laid car park with 4 newly installed Electric Vehicle charging points installed and court yards to the rear, with access to the kitchen.


Upper ground floor: Hosts an additional bar area, a number of guest bedrooms, reception and lounge areas, as well as meeting room, office and WC’s.

First ground floor: Mainly comprises guest bedrooms with the addition of a lounge area and the second ground floor comprises further guest bedrooms, tank room and service room.

Tenure
We are advised that the business is offered on a leasehold basis. The current lease runs to 2030, with an option to renew.

The rateable value is £125,000

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