Property photos
Business
Freehold
£1,950,000
Hotel for sale
NE48, Wark, NorthumberlandLocal area information
Property location
Nearby amenities
- Wark Church of England First School 0 miles
- Chollerton Church of England Aided First School 4 miles
- Haydon Bridge 7.7 miles
- Hexham 9.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Turnover of £1.13m for year-end 2023.
- Adjusted ebitda in excess of £233k for year-end 2023.
- The business operates from a c.1.5 acre site with a large kitchen garden on site.
- Having operated as a hotel since the 1920s, the business is well-established in the local region.
- Under current ownership, the hotel has been continuously updated with a focus on sustainable practices and renewable energy.
- Our client employs c.20 staff with a second-tier management structure centralised around a general manager, staying post-completion.
- Capable of hosting over 50 guests at maximum capacity, the hotel also has luxury lodges on site.
- Asking price £1,950,000
Kings Corporate are delighted to present Project Layla a hotel and restaurant based in the North. The freehold business is well-established and offers its services across the region. The vendor now wishes to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant.
Please contact us for further information using reference number 50831 or quote Project Layla.
Ref: 50831
Please contact us for further information using reference number 50831 or quote Project Layla.
Ref: 50831
More information
Listed by
Bruce & Company
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