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Smiths Hotel, 20-24 Knightstone Road, Weston-super-Mare, Somerset, BS23 2AW

Offers in Excess of
£2,200,000

Business rates & charges may apply

Christie & Co, Hotels
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SECTOR

Hotel for sale

Key features

  • Sea views & high footfall of passing trade
  • 50 en suite letting bedrooms
  • Lounge (80) Dining room (100) Restaurant (80)
  • Bar (15) Waterfront Lounge (60)
  • Adjusted net profits in excess of £300,000
  • Same ownership since 1992. Energy Rating C
  • Christie & Co Ref: 3440506

Description

Description

The Smiths Hotel forms part of a terrace of Victorian villas that have been subject to extensive alterations and extensions over the years.

The property is arranged over three floors comprising 50 en suite letting bedrooms with a passenger lift to all floors. There are five principal areas on the ground floor which combined can accommodate more than 330 guests and that’s not including the large external sea-facing terrace which proves extremely popular in the summer months and can seat a further 180 guests.

Location

The hotel is located in a prime trading position within the town, on the seafront with uninterrupted views of the Grand Pier and Weston Bay’s long sandy beach.

Weston-super-Mare is a renowned seaside resort offering a wide range of attractions making it a popular destination for tourists. It is within four miles of Junction 21 of the M5 motorway whilst the city of Bristol is within 19 miles. Additionally, the town benefits from mainline railway connections.

Internal Details

There are two entrances to the front of the property, one providing access to the reception area and the other to the public areas.

Fixtures & Fittings

All trade fixtures and fittings will be included in the sale and our clients will provide a trade inventory to interested parties.

Additional Information

We are also marketing the adjoining property for the same client, Mentone Hotel (reference number 34/40496). The two properties combined will provide a purchaser with an opportunity to reconfigure and capitalise on the prime trading position.

Letting Accommodation

All letting rooms are en suite and arranged over the ground, first and second floors and are configured as follows:

External Details

The property benefits from a large external terrace to the front which provides c.180 covers. Due to the property’s prominent location attracts custom from the many visitors walking past on route to the beach and town centre.

Adjacent to the terrace is a small car with parking for 15 vehicles although, as there is a Pay & Display car park within 60 metres, this area could provide additional external parking to accommodate the busy summer periods.To the rear of the property is an enclosed courtyard, in the main used for deliveries

The Opportunity

Our client has owned The Smiths Hotel since 1992 and has worked in the industry since 1984, has now made the decision to pursue other business interests. For many years the hotel has proved to be a huge success both from a customer’s perspective and from the year on year growth in revenue and profit.

Although a very established business, the dynamic has changed in recent years moving away from the traditional coach parties to attracting the private leisure market which now makes up over 50% of the current income.

The hotel trades from February through to December with income derived from the bar, restaurant and letting accommodation. The summer months prove extremely popular due to the prominent trading position and a large external terrace. Although and established and profitable business, there are still a number of areas to increase revenue, one of which is the growing number of function requests that our client turns away on a frequent basis.

For further information about The Smiths Hotel, please visit the business website:

Staff

The business operates a full-time General Manager, Assistant Manager, three chefs and a pool of part-time staff.

Trading Information

Accounts for the Year Ended 28 February 2018, show annual net sales of £1,087,958 with an adjusted net profit in excess of £300,000. Further accounting information will be made available to interested parties following a formal viewing.

Please note income is currently derived from 48 bedrooms and there are two additional letting rooms that are not used by the current owner. For further information please contact Christie & Co

Energy Performance Certificates

EPC 1

Brochures

Smiths Hotel, 20-24 Knightstone Road, Weston-super-Mare, Somerset, BS23 2AW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Weston-super-Mare Station0.7 miles
  • Weston Milton Station1.8 miles
  • Worle Station3.1 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Christie & Co, Hotels

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll disco

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Notes

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Disclaimer - Property reference 3440506-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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