Traditional Local Hotel in Wolverhampton

Wolverhampton, West Midlands
REF: R07397

Asking Price:
£1,150,000
Annual Turnover:
£156,760
Annual Net Profit:
£67,746
REF: R07397

Overview

Tenure:
Freehold
Established:
1997
  • Great local reputation
  • Many returning guests
  • 23 rooms
  • Excellent location
  • Scope for growth

This is a superb opportunity to take on a family run hotel in a busy area in Wolverhampton.

Since 2000, the hotel has been providing guests with a very comfortable stay, with its well-equipped rooms and modern amenities which ensure guests return time and time again to enjoy its facilities.

Within easy access of places of interest, the hotel is perfectly placed to cater to those looking to explore the local area.

Now available on a freehold basis, a new owner is required to continue running operations smoothly and expand to include a restaurant.

Offering a comfortable, casual hotel experience to its guests, staff do their best to make guests feel at home through refurbished rooms with a modern twist and serving various beverages, including locally brewed beers.

The hotel benefits from guests who return to Wolverhampton for its countless attractions, including the home of Wolverhampton Wanderers Football Club and the University of Wolverhampton.

Housing 23 rooms, comprising single, double, twin and family en-suites, complete with tea and coffee making facilities, free WiFi and TV, the hotel caters to a range of parties. There is also a dining area downstairs.

Minimal marketing has led the business to grow its reputation through word of mouth and receive ample bookings online via well-known sites such as Trip Advisor and Booking.com.

This is a great opportunity to take on a well-established hotel with a significant network of returning guests.

A perfect acquisition for someone who is already in the industry who wants to grow their portfolio or an individual looking for a fast-paced lifestyle change, the hotel can be grown to reach its potential.

Growing the business would involve further marketing through social media platforms, as well as flyering further afield, potentially at tourist sites in the city. Possibly hosting events would draw in more guests.

The current owner is willing to stay on for a transition period to assist the new owner initially.

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  • Main road location
  • Excellent exposure
  • Close to various other complimentary businesses
  • Tourist area
  • Easily accessible
  • Little competition
Rent
N/A
Rates
TBC
Lease Term
N/A
Lease Expiry
N/A
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
£1,100,000
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
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Number of Employees
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