Historic Welsh hotel on the market
The King's Head Hotel, in the Mid Wales market town of Abergavenny is being sold as a going concern for an asking price of £1.3 million, due to the retirement of its current owners.
Ken and Ruth Watkins, who have owned the property and business since 1999, have put the enterprise up for sale through agents Preferred Commercial Nationwide.
The premises is a focal point in the centre of the town, and comprises 14 en-suite bedrooms, a restaurant, bar and function room, which is housed in an original stable block.
A representative of the owners said there was ample scope for further development of the three-storey building and through bringing more business in that would make use of the function room and facilities.
"This is an ideal opportunity to acquire an already thriving hotel, with one-bedroom owners' accommodation and scope for future growth," the representative said.
The business's turnover is around £620,000 and has an excellent reputation for high levels of quality and standards. The one-bedroom owners' accommodation comprises a lounge/diner, kitchen and bathroom.
Latest Businesses for Sale
Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...
This leading highly profitable, UK based manufacturer of exploration, drilling and sampling equipment, supplies to the world minerals/earth sampling markets, the highest quality of earth drilling, boring, core sampling and in-situ ground testing equipment. The company has an enviable reputation for ..
Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...
View More Businesses for Sale >>
Businesses for Sale
Do you want to gain access to the latest businesses for sale as well as all UK administrations, liquidations and all winding-up petitions?
Business Sale Report is your complete solution to finding great aquisition opportunities.
10 Biggest Buyer Mistakes
Fill in your details below to get our FREE guide