A popular pub and hotel that sits 400 yards from the seafront in Seaford and is a ‘thriving’ hospitality business has gone up for sale.
The White Lion Hotel in East Sussex has been brought to the market through Christie & Co with an asking price of £1.150m as its current owners look to retire after 14 years at the helm.
The business is home to seven bedrooms and is currently owned by John and Eileen Treacy who have built up business steadily during their tenure over more than a decade.
The pub also comprises a bar area for up to 30 covers, a separate sports bar with 20 covers, a conservatory restaurant and function room, a commercial kitchen and small cellar.
James Hughes, senior business agent at Christie & Co’s Maidstone’s office who is handling the sale said that EBITDA for the business is high and there is also potential for expansion.
He says: “This is a retirement sale of a lovely coastal hotel and pub that has been built up during the current owners’ 14 year tenure. It would suit a number of buyers looking to take on a thriving business situated in a prime location, with potential for expansion by increasing food sales. The EBITDA is high, showing the business to be very profitable and sustainable.”
Christie & Co is seeking a guide price of £1,150,000 for the freehold interest of The White Lion Hotel.