A Blackpool hotelier is offering to lend money to the eventual buyer of his family run guesthouse.
Adam Pernak, co-owner of the Moorfield Hotel told North West Caterer that as banks are increasingly reluctant to lend to small businesses, he is prepared to sweeten the deal by allowing a bona fide purchaser “with a good deposit” to borrow the money from him.
Mr Pernak, who is reluctantly stepping aside for health reasons, said:
“With 30 bedrooms and healthy occupancy rates, buoyed by internet sales, the hotel needs owners with the physical energy to run the business to its maximum potential.
“Rather than see a thriving business potentially suffer we have decided to use our fortunate position of owning the property outright with no mortgage as a chance to pass on the reins.
“It allows someone else with an ambition for hotel ownership the opportunity to keep the business prospering.”
The vendors are asking for £325,000 for the freehold.
For more information contact Kings Business Transfer in Preston on 01772 775774.