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Freehold Suburban Hotel With Restaurant And Events Trade In Hull

Hull, East Riding of Yorkshire, Yorkshire & the HumberIdentity protected

Available

Freehold suburban hotel with restaurant and events trade in Hull

About this business

A suburban hotel in Hull with bedrooms, a restaurant and function space used for weddings, meetings and local events. It has traded under its current operation since 2021, is held freehold and employs 39. Turnover has eased from £2.27m to £2.1m, but EBITDA has risen every year, from £295k to £381k, a margin of about 18%. Net assets of £902k exceed the £850k asking price. Profit has improved even as sales dipped, and the buyer would own the building and inherit a full team.

Key investment highlights

Freehold hotel property
EBITDA up 29% since 2021
Team of 39
Net assets of £902k

Reason for sale

The owning group is selling to concentrate on its city-centre hotels.

One thing worth reading before you enquire

Worth a look

Revenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.

Revenue directionWorth a look
Turnover is flat year on year but sits -7.4% below its 2021 peak.
- 2021: baseline
- 2022 (-2.5%)
- 2023 (-0.7%)
- 2024 (-2.2%)
- 2025 (-2.0%)
- 2026 (-0.2%)
- Peak 2021 to latest 2026: -7.4%
6 years of turnover, 2021 to 2026, as supplied by the seller.
Client concentrationNot stated
The seller has not declared what share of revenue the largest clients represent.
No declaration supplied. Client concentration cannot be derived from accounts.

EBITDA margin widened from 13.0% in 2021 to 18.1% in 2026.

These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.

Computing valuation...

What happens next

Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.