Hotel for sale Whitby
As of 1st October 2018 the (free house) lease is for sale for £55,000. Rent is £7,500 per quarter.
The Horseshoe Hotel, Egton Bridge, Whitby is now for sale to take over ownership of the business is £55,000. The rent is quarterly and currently £7,500.
The hotel is incredibly popular with locals, walkers and Whitby visitors. Occupancy rates is the summer season exceed 95% and around 75% in the winter months. The hotel is a well established b&b with six en-suite rooms and plenty of scope to expand, with two additional rooms ready for refurbishment and land available for cabins or pods. The Hotel specialises in prompting local beers and is in the Camra Good Beer Guide ever year.
The current owners have invested around £50,000 including the renovation of an historic outbuilding.
Sale of the Horseshoe Hotel lease
The hotel is very well established throughout the Internet and can be found on all major booking channels. The hotels Facebook, Tripadvisor, Google & Booking.com reviews are all outstanding.
The owners have taken the hotel to another level and there is never a better time to take over. The hotel and has become the hub of the community with a huge support from locals, popular with walking groups and has an amazing Sunday Lunch trade and reputation. The hotel is leased from the Egton Estate, there is no brewery involvement (free house). The current owners have invested heavily and increased occupancy rates, quality of dining experience and customer service evidenced by fabulous reviews on all major review websites.
Customer Base (Footfall)
The hotel caters for a large number of walking companies, particularly those walking the coast to coast. The walking companies’ book a large number of rooms during the summer month’s right into October. There is also a huge tourist trade from those wishing to visit Whitby, since we offer better parking facilities and superb public transport, including a wonderful train journey and a regular bus service. The stream train in Grosmont is also a major tourist attraction which provides a regular number of people wishing to stay and eat.
Channel management allows the hotel to advertise rooms on all major booking websites including booking.com, hotels.com, expedia etc.
Owners accommodation (additional rooms)
The top floor is currently divided into two rooms with a separate bathroom, this floor has been used recently and in the past to provide living accommodation for the owners. It could also be converted into two further en-suite rooms making eight letting rooms in total.
5 Star Reviews Everywhere you look
Read What People Say
The hotel has exceptional good reviews on all major booking sites, including 4.5/5 on Google, 9.2 on booking.com, 4.5/5 on Trip Advisor and 4.9/5 on Facebook.
If you are interested in taking over the lease at £55,000 please call the owner (Andy – firstname.lastname@example.org) for a chat on: 07791 304014 or the agent for further information: Richardson and Smith on 01947 602298.