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Hotel And Restaurant With Bar Wedding Venue For Sale

Derby, Derbyshire
Asking Price:
£139,500
Sales Revenue:
£445,000
Cash Flow:
£112,000

Business Partnership is delighted to offer for sale the lease for the Hilton House Hotel in Hilton, Derbyshire. The hotel has many different sets of customers and a wide appeal with it being a very convenient location in the heart of the countryside with easy access to Derby, Birmingham, Burton on Trent, Uttoxeter, Stoke and Nottingham together with tourist attractions such as Alton Towers being a short drive away.

The current tenants have been in place for nine years and had previously run a public house which they found a great help when taking over the hotel. The hotel would suit a hardworking couple who have previous experience but a full handover would be provided.

The business has a loyal customer base supporting the bar and food offering with the 10 rooms providing accommodation for all needs including downstairs bedrooms and family rooms.

The business has steadily grown year on year and is very profitable. In Q1 of their financial year 2017/2018 turnover was £130,000 vs £106,000 in the prior year. This would put them on track for a turnover of closer to £500,000 rather than £445,000 and an anticipated net profit of £130,000. The hotel has an excellent reputation for weddings with 25 bookings already in for 2018 and 5 reaching into 2019/20. There are still opportunities for further growth across many areas.

The staff are hardworking and would be happy to stay on for the new owners.

The freehold owners have been granted approval to develop a small Health Spa on the site with work starting in July 2018. The current tenants of the Hotel feel this will further benefit the business for short breaks and weddings.

PLEASE NOTE:- FURTHER INFORMATION WILL BE MADE AVAILABLE ONCE WE HAVE RECEIVED A NON-DISCLOSURE AGREEMENT. THIS CAN BE COMPLETED ON THE BUSINESS PARTNERSHIP WEBSITE VIA THE "CLICK FOR FURTHER INFORMATION" BUTTON BELOW.

Description:
Business Partnership is delighted to offer for sale the lease for the Hilton House Hotel in Hilton, Derbyshire. The hotel has many different sets of customers and a wide appeal with it being a very convenient location in the heart of the countryside with easy access to Derby, Birmingham, Burton on Trent, Uttoxeter, Stoke and Nottingham together with tourist attractions such as Alton Towers being a short drive away.

The current tenants have been in place for nine years and had previously run a public house which they found a great help when taking over the hotel. The hotel would suit a hardworking couple who have previous experience but a full handover would be provided.

The business has a loyal customer base supporting the bar and food offering with the 10 rooms providing accommodation for all needs including downstairs bedrooms and family rooms.

The business has steadily grown year on year and is very profitable. In Q1 of their financial year 2017/2018 turnover was £130,000 vs £106,000 in the prior year. This would put them on track for a turnover of closer to £500,000 rather than £445,000 and an anticipated net profit of £130,000. The hotel has an excellent reputation for weddings with 25 bookings already in for 2018 and 5 reaching into 2019/20. There are still opportunities for further growth across many areas.

The staff are hardworking and would be happy to stay on for the new owners.

The freehold owners have been granted approval to develop a small Health Spa on the site with work starting in July 2018. The current tenants of the Hotel feel this will further benefit the business for short breaks and weddings.

Premises Details:
The Hotel is set on a spacious plot with ample parking and the property is a substantial and very well maintained building. The spacious reception area leads to the two bars with dining areas and the guest rooms. There is a large wedding/conference room which can be subdivided. There are further guest rooms in a separate detached residence. There is living accommodation within the hotel grounds in the form of a detached bungalow, which could be used by an incoming owner, together with a self contained flat adjoining the main hotel. Both of these residences are currently sub-let providing additional income.

Property information

Property:

Leasehold

Lease Terms:

The current tenants have recently signed a new 21 year lease at £46,000 per year.

Living Accommodation:

The hotel has a self contained flat and a three bedroom detached bungalow on site. Both are currently rented out which provides additional income for the tenants who live locally having decided to have their home separate to the business.

Location:

The Hilton House Hotel is located just off the A50 and A38 south of Derby in the East Midlands. The hotel is named after the village of Hilton and is not part of the international Hilton Hotel Group.

Business Operation

Competition / Market:

Naturally there is competition for any business. The owners feel they have developed an excellent service offering but there remains ample opportunity for future growth.

Reasons for selling:

The vendors have grown the business and have now reached their objectives. They now wish to semi retire into an unrelated sector.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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