HOSTEL, BAR & RESTAURANT, 12 bedrooms, 45 beds in private grounds with ample parking; strategically located close to main motorway exits. The property is directly on the Via Francigena, the increasingly popular pilgrim route extending from Canterbury to Rome and has been catering for International, National, Local and Pilgrim clientèle since 2008.
Included: Furniture, Fixtures, Inventory, Stock, Logo and Branding Assets, Post-Sale Support, Domain and Website.
The complex, comprising of two detached properties set in mature gardens, is on the main thoroughfare of a quiet village with open aspects to the rear and just 5km away from main motorway junctions. The majestic river Po, ideal for fishing, boating and bird-watching, is a short hike away. Sports facilities including an open air swimming venue, gym, football and tennis courts are a 5 minute walk away from the Hostel.
The village itself has a mini-market, pharmacy, doctor and dentist's surgeries, Council building, church, elementary and middle school, XIII century castle, buildings of historic interest and is served by the local bus company.
Two buildings linked by a common walkway-gazebo area
Main Hostel building on 4 floors plus basement (730 sqm): Reception, large lounge, disabled bathroom, 5 en-suite rooms, 2 rooms with private external bathrooms, 5 rooms with shared bathrooms, large linen/utility room, airy and spacious private staff accommodation suite, large portico, terraces.
Bar/restaurant/kitchen building on 2 floors plus basement (290 sqm).
On the ground floor: a fully equipped kitchen, bar seating 25 comfortably with al fresco dining for 50; in the basement: a wine cellar, large utility/storage room, toilets, staff bathroom and delivery access. First floor: private self-contained accommodation comprising lounge, hallway, bedroom, bathroom and kitchen; balconies and terrace.
Mature gardens to front and rear (450 sqm); parking for 10 cars (230 sqm). Further free parking available at the front of the property.
Total area of plot is 1,050 sqm.
Sale to include all fixtures, fittings, furniture and linen.
Year of Establishment:2008
Number of Employees:7
Real Estate and Premises Details:Premises comprise Block A (Hostel, Reception etc. on 4 floors and Block B,Bar/Restaurant/Commercial Kitchen/Owner's accommodation plus private terrace, Mature gardens to front and rear (450 sqm); parking for 10 cars (230 sqm). Further free parking available at the front of the property. Total area of plot is 1,050 sqm.
Furniture / Fixtures Value and Description:All fixtures, fittings and furnishings, interior and exterior - this business/real estate in offered as good to go.
Inventory / Stock Value and Description:Full inventory on application
Expansion Potential:There are two more properties, NOT included in this offer, which constitute excellent expansion potential. One is adjacent, 300 sq metres and the other, 100 sq metres, is directly facing the Hostel. Purchase of either/both can be negotiated separately at advantageous conditions.
Competition / Market:The trend towards sustainable tourism and an upsurge in Pilgrim traffic along the Via Francigena bode well for increased demand for budget accommodation. There are two fellow accommodation providers within a 3 km radius but our client bases differ in that we can accommodate large groups and attract more international clientele thanks to a willingness to communicate in several languages; moreover, unlike our competitors, our location is central to the village and all its amenities, including the open air swimming pool, very popular with many clients.
Support & Training:The current owners are willing to support the purchasers for one calendar month in order to guarantee a seamless handover and facilitate communication with local suppliers and service providers.
Reasons for selling:The current proprietors are aged 70 and 67 respectively and with to retire as soon as possible. Vacant possession from October 1st 2022.