Tue, 10 Aug 2021 | COMMERCIAL PROPERTY
The Balmoral Hotel on Blackpool’s seafront has been put on the market for £925,000. The hotel is located 200 yards from Central Pier on Blackpool’s Promenade and within walking distance of iconic attractions, including the Pleasure Beach and Blackpool Tower.
The four-storey property has 46 ensuite rooms, with four third-floor rooms having been converted into private accommodation. The new owner would be able to convert these back to letting rooms, potentially taking the hotel back to 50 rooms.
The Balmoral also features a cabaret bar, restaurant and sun lounge. The restaurant holds up to 150 covers and has a kitchen, walk-in fridge and beer cellar. There is also a patio seating area to the front of the hotel, providing up to 20 covers.
Other features of the hotel include an internal garage and workshop with room for two vehicles, a staffroom, store room, food store and boiler room.
The hotel provides regular entertainment and the restaurant caters to both guests and non-guests. Currently, the Balmoral is run on a seasonal basis, operating as a full-time hotel from June to November. Out of season, it runs on a B&B basis, as a bar and is open on Christmas and New Year.
Over recent years, the hotel has seen turnover decline (from £184,000 in the year ending March 2016 to £139,000 in 2018) as a result of the owners opting to reduce opening hours and some services.
Read about how the UK's staycation summer could provide M&A opportunities.
One of the best ways to find properties below market price is to look at recent administrations.
View the latest distressed UK businesses here.
This company is a luxurious hair and beauty town, located in an affluent Suffolk town. Currently providing both hair and beauty services, this business has achieved a glowing reputation within the town.
LEASEHOLD
This is a fantastic opportunity to acquire a the unique flagship gym offering quality fitness at affordable prices. The mixed gym site is set over two floors within the centre of Huyton.
The business has been trading since 1986 and built up an enviable reputation not just locally but within the industry in general, a true testament to the hard work & dedication from the current owner, resulting in the high calibre of business on offe...
LEASEHOLD
|
23
|
|
Sep
|
E-commerce software firm acquired at 11.5x EBITDA | BUSINESS SALE
Grafenia Plc, a listed business that operates a buy-and-buil...
|
22
|
|
Sep
|
August sees highest number of UK insolvencies this year | BUSINESS NEWS
A new analysis by risk and financial advisory firm Kroll has...
|
21
|
|
Sep
|
Welsh life sciences firm set to be acquired by US biopharmaceutical company | BUSINESS SALE
Welsh life sciences firm Diurnal is set to be acquired by US...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources