A booming boutique hotel business in Dorset has gone up for sale with an asking price of £900k.
The fully-refurbished 10-bed Georgian Grade-II listed Bridge House Hotel in Bridport currently trades as a three-star hotel and has been under the same ownership since 2002.
The business demonstrates a net turnover in excess of £200,000 with a GP in excess of 80% from accommodation sales only and presents a number of new opportunities to any incoming operator.
In addition to the 10 bedrooms and restaurant, there is a cellar wine bar, which has historically been a popular venue for fine dining and private events, however in more recent years the current owners have focused purely on the bedrooms side of the business.
There is significant demand from the business and local community to see the cellar dining reopen and plans to add an ‘Art Café’.
Dating from 1768, the Bridge House Hotel was originally an academy for training Independent Ministers, a gentlemen’s residence and, in 1900, a school for ‘upright’ young gentlemen.
Kevin Conibear at Fleurets who is handling the sale commented: “The Bridge House Hotel is a fine example of Georgian architecture being easily accessible to the main town centre with its weekly market and festivals and the property has the added benefit of extensive car parking. A beautiful walled garden is used for functions and events, in addition to ten high quality letting bedrooms and owner’s apartment. This area of Dorset is extremely popular, given its association with Broadchurch, the Jurassic Coast and spectacular scenery, which is regularly used in period dramas.”
For more information, visit http://www.fleurets.com/search/all-properties/search-for-w-93478