BUSINESS FOR SALE
Price: Offers around 105,000 Euros
Ref: LV 135 LEASE
Town Center Hotel & Restaurant to Lease
HOTEL & RESTAURANT – TOWN CENTER LOCATION
Turnover Hotel only: 130,000 Euros
Turnover Hotel & Restaurant: 260,000 Euros (Previous years) Currently only using the restaurant for breakfast.
-Well presented and equipped throughout
-Situated in a town center 25 minutes drive from the Adriatic coast
-Regular and repeat trade
-Reason for sale: Retirement
-Walk in condition
-10 Year Leasehold (New contract to be agreed)
-Includes: 12 Rooms, An apartment, & A fully licensed restaurant & bar
This 2 star Hotel is the oldest hotel in the town and has been established in this town since 1961. The only reason this fantastic business opportunity is being offered to the market is due to our clients desire to take a well deserved retirement.
The hotel was built in 1960. The building is 5 stories high. The hotel is spread over 4 floors, with the top floor consisting of privately owned apartments. The outside building was repainted 10 years ago. All the furniture & furnishings in the hotel are included in the sale. The furniture was recently replaced with all new furniture in 2018. The business is in full walk in condition. The hotel offers simply furnished rooms with free Wi-Fi. Rooms come with air-conditioning, wood floors and a TV. Each one has a private bathroom complete with a hairdryer. Many of the rooms have balconies.
Our client informs us that annual turnover currently runs well, which is derived from offering a welcoming, friendly customer service alongside comfortable modernised rooms and a delicious breakfast. There are only 2 hotels in the town center, this hotel which is around £60 per night and the competitor hotel which is around £95 per night.
The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade alongside good word of mouth recommendations.
To enhance the business and increase profitability, the restaurant could be re-opened. This business would ideally suit a partnership or a family. Hotel management & Italian language skills would be required.
The apartment which could be used as living accommodation is 100 sqm. The apartment would need renovating. The restaurant is fully licensed for food, a bar and alcohol. The restaurant can seat between 25 people comfortably. The kitchen is full equipped.
This is a superb opportunity to purchase a true lifestyle business in one of the most desirable areas in the Abruzzo in Italy and as such viewing is highly recommended as this ideal business is not to be missed.
Currently a Leasehold of 10 years, however the contract terms must be re-negotiated.
The hotel is located in the town center of a vibrant and popular town in the Abruzzo with 40,000 inhabitants. The hotel is only 2 minutes walk from the main shopping street. This thriving town has seen much regeneration in recent years. From the hotel all the local amenities, attractions and public transport are within walking distance.
The hotel is 400 yards from the town center, 50 yards from the bus stop and 200 yards from the local train station. The hotel is 30 minutes drive from blue flag beaches and 30 minutes drive to a National Park.
Pescara Airport is 45 minutes drive from the Hotel.
Property briefly comprising of:
Apartment for services including a 3000 Litre water tank, a boiler and storage.
MIDDLE FLOOR – Main Entrance from the Road
Reception area, Restaurant, Restaurant Kitchen, Toilets, Stairs to upper floor & lower floor
4 x single en-suite bedrooms
4 x double en-suite bedroom
2 x single en-suite bedrooms
2 x double en-suite bedroom
1 x apartment 100 sqm Ideal for owners accommodation
Car parking available on the road outside the building or in a council car park 20 meters from the property.