Tue, 14 Jul 2015 | COMMERCIAL PROPERTY
A centrally positioned three-storey hotel and restaurant in Shrewsbury's town centre is now on the market for £985,000 with estate agents Halls.
Morgans at The Exchange Hotel in Bellstone is a large property featuring six en-suite bedrooms, a 50-cover restaurant and 25-cover bar area, outside seating for 26 and a first floor function room for 26 people.
The venue has been run by Quintin Morgan over the past seven years, who opened its doors to the public on 1 March 2009 following extensive refurbishment having bought it in 2008. Further works to the property were carried out in January 2014. There are 15 full and part-time employees in the business.
With the opening of a new university expected in Shrewsbury, which will be the first in the area, Mr Morgan felt it was a good time to sell up.
He said: “I feel this is a good time to market the property. The building is fantastic, in perfect condition and situated in a prime location, with a high turnover, loyal staff and lovely client base.
“With the university coming to Shrewsbury, along with a rapidly expanding portfolio, this is a great opportunity for the business to continue to grow and prosper under new owners.”
Have a look for more hotels for sale here
Largest nightclub in Warrington. Established in 2009. Management team in place. Currently operating just three days a week. This is a retirement sale. Comprehensive Website Included. Offers invited.
Charming day nursery registered for 70 children. Convenient and accessible position, excellent reputation. The business is managed by the owners with a Manager with full/part time staff. Well-presented throughout, viewing highly recommended. Offers i...
LEASEHOLD
Prominent trading location. Established 1986. Ill health forces reasons for selling. Well presented throughout. Fully equipped. A new owner operator could benefit from marketing the business more aggressively as the business has been run in recent ye...
|
04
|
|
Jun
|
Frankie & Benny’s owner to permanently close 120 restaurants | BUSINESS NEWS
The Restaurant Group, which owns chains including Frankie & ...
|
03
|
|
Jun
|
28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE
28 Oddbins stores will remain open after the off-licence ret...
|
02
|
|
Jun
|
Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY
Tile retailer Topps Tiles has agreed the £18.1 million...
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