Hotel/guest house for sale in Chard, Somerset TA20

£1,700,000
Hotel/guest house for sale
Interested in this property? Call +44 1772 913303 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Free of tie with 4 letting rooms (10 ensuite) plus staff accommodation
  • Turnover in excess of £800,000 with an adjusted net profit of £148,929
  • High profile town centre location with car park at the rear for 20 cars
  • Large open plan bar providing food and entertainment, functions room with a capacity of 200

Property description

Reference - 48192

Description
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.

Sales
Currently hotel and bar sales are in excess of £800,000 per annum.

Accounts
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

Trading Hours
Monday – Saturday 10:00 – 00:00
Sunday 11:00 – 00:00

Staff
Managed by the owners with 12 full/part time staff.

Building External
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.

Building Internal
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.

Residential Accommodation
1-bedroom bar manager’s ensuite accommodation located on the first floor.

Tenure
We are advised that the property is freehold.

Summary
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.

Arrange Viewing

For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

Contact Kings Business Transfer about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

View all Fore Street commercial properties for sale