Luxury Hotel for Sale in Reading, United Kingdom
Stunning freehold converted Victorian church providing unique holiday and business accommodation.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 194 thousand |
| Run Rate Sales | USD 440 thousand |
| EBITDA Margin | 40 % |
| Industries | Luxury Hotels |
| Locations | Reading |
| Local Time | 6:22 AM Europe / London |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
4.05 million
(Native Currency: GBP 3,000,000)
Reason: Current debt level is too high. Want to sell at GBP 3 million.
Includes physical assets worth
USD
4.05 million
Interested to connect with advisors
Documents
Title Deed
(82.0 KB)
Business Overview
- Unique luxury property that provides short-term private and business venue/accommodation.
- The property was a prominent church of victorian architecture and we have converted it into a luxurious space with a functional interior and modern design.
- Venue is located in a pleasant and rural area that is easily accessible and is 30 minutes away from London.
- Venue can accommodate up to 70 people for events. For private stays, we have 9 bedrooms to accommodate 24 people and a formal dining table that can seat 20.
- Before the pandemic, the venue was booked for 3-4 days every week and we generated a monthly revenue of about GBP 17,000. During lockdown, we had to refund all bookings and have invested GBP 100,000 to further develop the property, almost doubling our capacity to 24 and our daily rate to GBP 1,975.
- We have just re-opened and are receiving huge levels of enquiries and bookings at GBP 1,975/night.
- Our venue has been booked by many A-listed celebrities, and our corporate clients include Microsoft, Waitrose, and Matel.
- We manage most of the caretaking ourselves and hire staff on a contractual basis as required.
- Asset-backed Investment with excellent yield potential in excess of 12% excluding appreciation. As a business, the.
Forecast operating margin is over 70%.
- Business is managed by 2 promoters as the business structure is more of a large house than hotel but we have good assistance with cleaning.
- Property is in the name of one of the promoters and investor will get 1st charge over the property, will be transferred upon successful deal closure.
- The property was a prominent church of victorian architecture and we have converted it into a luxurious space with a functional interior and modern design.
- Venue is located in a pleasant and rural area that is easily accessible and is 30 minutes away from London.
- Venue can accommodate up to 70 people for events. For private stays, we have 9 bedrooms to accommodate 24 people and a formal dining table that can seat 20.
- Before the pandemic, the venue was booked for 3-4 days every week and we generated a monthly revenue of about GBP 17,000. During lockdown, we had to refund all bookings and have invested GBP 100,000 to further develop the property, almost doubling our capacity to 24 and our daily rate to GBP 1,975.
- We have just re-opened and are receiving huge levels of enquiries and bookings at GBP 1,975/night.
- Our venue has been booked by many A-listed celebrities, and our corporate clients include Microsoft, Waitrose, and Matel.
- We manage most of the caretaking ourselves and hire staff on a contractual basis as required.
- Asset-backed Investment with excellent yield potential in excess of 12% excluding appreciation. As a business, the.
Forecast operating margin is over 70%.
- Business is managed by 2 promoters as the business structure is more of a large house than hotel but we have good assistance with cleaning.
- Property is in the name of one of the promoters and investor will get 1st charge over the property, will be transferred upon successful deal closure.
Products & Services Overview
Luxury venue with wow-factor for accommodation, entertainment, dining, presentation, and meetings.
Assets Overview
Property, land, fixtures & furniture, equipment, domain, and order book.
Facilities Overview
4,900 square feet luxury venue with 9 bedroom and 7 bathrooms owned by the promoter. Grade 2 listed property.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Dubai, Business Broker connected with the Business
-
Earlier than 15 daysManaging Director, Delaware, Investment Bank connected with the Business
-
Earlier than 15 daysHead Of Acquisitions, Manufacturing, IT & SaaS, Pune, Corporate Investor / Buyer connected with the Business
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
