 | Family Run 12 Bedroom Hotel, Bar & Restaurant Lowestoft, Suffolk, United Kingdom Advert ref: HR.12.180.SNC Business description
This lovely brick built hotel is offered with its own ample car parking and comprises lounge bar with seating area outside to the front, 56 cover restaurant with carvery, function room and 12 letting rooms.
Employees: The business is run by the two working owners, two full time chefs, one full time cleaner, 4-5 part time bar staff and 3-4 waiting staff. Additional staff are drafted in as occasion demands.
Trading hours: Lounge Bar: 7 days a week 12 noon to 12.00 midnight. Restaurant: Monday to Saturday 12 noon to 2.00pm and 6.30pm to 9.00pm. Sunday Carvery 12 noon 3.00pm.
Property: Leasehold
Lease terms
The vendor advises that the premises are held by way of a 35 year lease from 2002 at a current rent of £2,500 per month plus Vat.
Living accomodation
The owner’s accommodation on the second floor comprises:
Lounge, Kitchen, Bedroom room and Bathroom.
The accommodation is in need of repair and decoration but has the potential to become a very nice living space.
Location
The property is well positioned within easy reach of the town centre and seafront of Lowestoft the most easterly town in Britain.
Expansion potential
We understand the hotel is fully booked through to Christmas and the restaurant offers much potential in trading longer hours and would benefit from further advertising. The function room combined with the restaurant and bar also has the potential to generate further revenue.
Reasons for selling
Retirement sale.
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| | Financial details Asking price: £180,000
Sales revenue: Undisclosed
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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