Shrewsbury hotel for sale at under £1m

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


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources