£1,950,000
Hotel for saleNE48, Wark, Northumberland
Business
Freehold
About this property
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
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