Hotel, Bar and Restaurant in Grantham Lincolnshire For Sale

Grantham, Lincolnshire, England

Advert Ref: 3210

Business Description

Preferred Commercial is delighted to offer for sale this busy hotel, bar and restaurant, which was established in 1970 and which has been in our clients' careful hands since 2006. The hotel is only now offered to the market due to our clients' other business interests. The business trades all year round and generates a turnover in the region of £150,000 per annum with a gross profit of 70%. Our clients offer 19-letting rooms, 16 of which are en-suite, on a bed and breakfast basis, lunch and evening meals and a public bar. We feel the turnover could be further increased by embarking on a modest marketing campaign to promote the business further. The business has an enviable reputation and enjoys much repeat trade from contractors working in the area. There is a website in place advertising the business and services provided. The premises are well-equipped to suit the trade and boast a spacious bar area, as well as a 36-cover restaurant and commercial kitchen. This is an ideal opportunity to acquire an already busy hotel with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Business Status

Business for sale

Property

Leasehold

Lease Terms

Leasehold Original length: 25 years Remaining: 19 years Review: every 3 years Rent: £3,700 per month

Location

Avenue Hotel occupies substantial detached 3-storey premises, ideally located in a prominent trading position in the market town of Grantham, Lincolnshire. The premises benefit from ample on-street parking and are surrounded by a wealth of complementary shops and businesses. The town's amenities and attractions are nearby, including schools and a college. The area is well-served by public transport with numerous bus stops and a railway station within easy walking distance. The premises boast easy access to the A-road network, including the A1. Grantham is a thriving market town and is renowned for being the birthplace of Margaret Thatcher and where Isaac Newton went to school. The town boast many leisure facilities and is a highly desirable place in which to live and work. Sleaford lies 16 miles to the north east, while Nottingham is 23 miles to the west.

Premises Details

Substantial 3-storey detached hotel premises with bar and restaurant. Briefly comprising:

Ground Floor

• Bar area with tables and chairs for up to 30 covers, projector screen and music system

• Bar with 11 points of dispense, optics display, 2-door chiller, upright wine refrigerator, flat screen TV, glass washer and ice machine

• Reception

• Commercial kitchen with stainless steel work surfaces, 6-burner oven, double fryer, pizza refrigerator, commercial freezer, grill, Panini machine, 2 x microwave ovens, coffee machine, tea urn, commercial sink unit and preparation tables

• Rear storeroom with 2 x upright refrigerators and double door stainless steel freezer

• Restaurant with tables and chairs for up to 36 covers

• Owners' kitchen

• Owners' lounge

• 2 x owners' double bedrooms

• Owners' bathroom

First Floor

• Room 1: family room with double and 2 x single beds and en-suite bathroom

• Room 2: double bedroom with en-suite shower

• Room 3: double bedroom with en-suite bathroom

• Room 6: double bedroom with en-suite shower

• Room 7: double bedroom with en-suite bathroom

• Room 8: double bedroom with en-suite shower

• Room 9: twin bedroom with en-suite shower

• Room 10: double bedroom with en-suite shower

• Room 11: single bedroom with en-suite shower

• Room 12: twin bedroom with en-suite shower

• Room 14: twin bedroom with en-suite shower

• Room 15: twin bedroom with en-suite bathroom

• Room 16: double bedroom with en-suite shower

• Room 17: family room, double bed and single bed, with en-suite shower

Second Floor

• Room 4: double and twin beds with en-suite shower

• Room 5: double bedroom with en-suite bathroom

• Room 18: single bedroom with wash hand basin

• Room 19: single bedroom with wash hand basin

• Room 20: single bedroom with wash hand basin

• Shared bathroom

External

• Bench seating to the front

• Smoking shelter

• Parking for up to 20 vehicles

• Enclosed garden to rear

Trading Hours

All year round, as required

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.