Property Listing Details

commercial property - Other

Project Willow Area of Outstanding Natural Beauty

  • 23-Apr-2024

£8,500,000

Property details

Description

Guide price £8,500,000 Project Willow Area of Outstanding Natural Beauty Hotel Share Save Key features Purpose built hotel, spa and restaurant Highly profitable with consistent trading track record Revenue for year ending December 2023 in excess of £5.1m EBITDA for year ending December 2023 in excess of £1m 2024 YTD (Jan-Sep) EBITDA £57,700 ahead YOY Further development possible to increase key count and facilities (STPP) Freehold A significant Spa Hotel in an easily accessible location within an Area of Outstanding Natural Beauty, with significant development potential to increase scale About this property Project Willow represents an excellent opportunity to acquire a well established and profitable purpose built hotel and spa, in an easily accessible location. The business delivers strong revenue performance from well diversified revenue streams including room sales, food and beverage, spa and health club membership. There is scope for an incoming purchaser to leverage the existing success of the business to deliver additional bedrooms and facilities. Turnover for YE 31 Dec 2022 was £4,737,892 and EBITDA was £1,015,541. Additional information For additional information, please contact James or Harriet for an NDA. Contact an agent James Greenslade Exeter Contact now Harriet Fuller Exeter Contact now Request details

The Agent

Price history

23-Apr-2024 £8,500,000 First listed

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