Reference - 48192
The hotel with its high profile and attractive frontage is ideally located in a bustling town centre in Somerset near the borders of Devon and Dorset. It has outdoor seating and benefits from a car park at the rear for 20 cars.
The building was refurbished and reopened and has established a healthy turnover in excess of £800,000. There is potential to increase sales and bookings through the introduction of its own website. The business currently uses various third-party online booking agents.
The hotel mainly comprises of 14 letting rooms of which 10 are ensuite, a large open plan bar, function room and a bar manager’s accommodation. With a high turnover, good profitability and ideal location, this represents an excellent business opportunity and early viewing is highly recommended.
Currently hotel and bar sales are in excess of £800,000 per annum.
Available accounts are to year end 2019 and are summarised below:
2019 - Sales £801,589
Gross Profit £507,369
Net Profit £100,743
With an adjusted net profit of £148,929
Monday – Saturday 10:00 – 00:00
Sunday 11:00 – 00:00
Managed by the owners with 12 full/part time staff.
This is an attractive 3-storey late 18th century building with a visually significant, street facing frontage with an archway (porte-cochère) leading through to the car park at the rear. The building is rendered in black and white, has large bright windows, arched windows on the first floor and a bold four pillared portico main entrance.
The ground floor comprises of a main portico entrance at the front and access at the side through the archway via a conservatory. The large open plan bar has a central island service bar, pool table and a dance floor at the back. Ladies and gent’s customer toilets are located via the conservatory. The ground floor also has an administration office, commercial kitchen, utility/storeroom with walk-in freezer, staff utility room, additional storeroom and boiler room.
The first floor comprises of a function room/ballroom with a capacity for up to 200 customers which benefits from having its own functions, office, bar, behind bar storeroom, servery, commercial kitchen, storeroom plus ladies and gent’s customer toilets. The first floor also contains 5 homely furnished ensuite letting rooms.
The second floor comprises of 9 homely furnished letting rooms of which 5 have ensuite bathrooms, one communal bathroom and 2 w/c’s.
1-bedroom bar manager’s ensuite accommodation located on the first floor.
We are advised that the property is freehold.
This popular and profitable town centre hotel and pub offers an excellent opportunity with a high local and national footfall for food, drinks, entertainment and accommodation, a large function room with independent bar and kitchen for private events. Ideally located in Somerset close to the borders of Devon and Dorset. Free of tie and freehold. Early viewing comes highly recommended.