North Lanarkshire Hotel & Bar - £2.4m Turnover, £583k EBITDA, 50+ Staff, Renovated, Strong Tourism
Undisclosed, North Lanarkshire
- Status
FOR SALE
- Date Submitted:
24/04/23
- Advert ID
512125
- Reference
50112 / Rightbiz
- Call Agent:
- Leasehold: £1,450,000
- Turnover: £2,800,000 (£53,846 Per week)
- Net Profit: Not Applicable
Business Details
The Coachman Hotel & Bar North Lanarkshire
Turnover of £2.8M for year end 2023Adjusted EBITDA in excess of £600,000 - Year end 2023
Operated by the current owners for c.15 years.
The hotel and adjoining bar have recently undergone extensive renovations allowing for a contemporary atmosphere.
Strong presence in the region.
Our clients employ over 50 staff with a strong second tier management team in place.
While tourism to the region bolsters sales, the business is supported heavily by the local economy and workers accommodation agreements.
Bruce & Co. are delighted to present Project Maple, a hotel and bar based in North Lanarkshire The business is well-established and offer accommodation and hospitality to guests across the region and visitors, making it an excellent acquisition. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a leasehold basis. Ref: 50112
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Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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