I am looking at purchasing a hotel which is currently trading as a sole trading company. The building is part of the business and is listed on the balance sheet as an asset worth £700k
Numbers:
Business turnover £1.1m
Profit £100k
Property is on the balance sheet as £700k
Business is for sale including the property for £700k
Business has been for sale for 4 years and was valued at the end of covid when takings were decimated. It has since recovered to match previous highs and has room to grow…
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