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Dordogne Périgord Noir - Riverside Hotel Bar Restaurant For Sale

Siorac-en-Périgord, Dordogne
Asking Price:
€498,000 Furniture / Fixtures included
Sales Revenue:
Under €100K
Cash Flow:
Available on request

Fantastic riverside location. Huge potential and limitless possibilities.
This property is in the Perigord Noir (one of the most visited areas in France) and was purchased by the current owners in 2003 after having been closed for 5 years and completely run down.
Since 2003, this property has been lovingly restored to provide a successful business and family home, consisting of 5 en-suite guest rooms and a self-catering studio with private covered terrace.
There is a west wing with a further 13 letting rooms, all with fabulous river views, for further restoration and further investment.
A large bar/restaurant with full drinks Licence IV leads onto a large covered terrace with fabulous views of the river and historic stone bridge.
There are two large reception and function rooms, one with garden and river views, and large oak beamed lounge/library with imposing stone fireplace.
In the heart of the property is a 2-bed owners' apartment, fully refurbished and also with riverside views.
A private car park and attractive mature garden have direct access to the riverbank for canoeing, fishing and swimming.
The business is currently open on a seasonal basis from April to Sept and operating fairly 'low key', i.e limited hours, menu and advertising.
Architect plans for the restoration of the whole of the west wing are available to provide further guest accommodation and enlargement of owners' living space.

Property information

Real Estate:

Real Property Included

Living Accommodation:

Fully refurbished apartment comprising large living area with kitchen, dining room, 2 bedrooms and a bathroom. Plans for development of the west wing of the hotel have provided for an extension to the owners' own living accommodation to include a further bedroom and bathroom.

Location:

Located on the outskirts of a small market town on the banks of the Dordogne river between Bergerac (international airport 40 mins) and Sarlat in the Perigord Noir. All amenities (large supermarket, school, train station) all within a five minute walk.

Premises Details:

The property consists of around 900m2 of usable space consisting of a bar leading to a large covered riverside terrace, two large dining rooms, a large lounge with stone fireplace leading to a west wing where there are 12 en-suite guest rooms for refurbishment, all with river views.
A newly refurbished kitchen prepares the food for lunchtime and evening meals, a mix of light meals cooked on volcanic stone or a selection of pizzas.
On the lower ground floor at garden level are 5 fully refurbished guest rooms with en-suite bathrooms and a self-contained studio comprising kitchen/living room, bedroom and bathroom and covered terrace with barbecue.
In the heart of the hotel is the owners' self-contained apartment consisting of large living room, two bedrooms, dining room and bathroom. An extension of the living accommodation has been allowed for in the recently drawn up architects plans.
On the lower ground floor of the west wing are a number of cellars which could be converted into further living accommodation.

Size in square feet:
Around 900 m2 of usable space.
Planning Consent:

Architects drawings are available for refurbishing the west wing to include a separate entrance with new staircase to the two floors.

Business Operation

Expansion Potential:

The property is only currently operating for around 5.5 months of the year and at around 30% of its potential capacity. There are around 12 existing guest rooms to refurbish for accommodation, as well as further development of the three large function rooms currently only used on a few occasions throughout the year.
The restaurant and bar are mainly frequented by guests and tourists, a local club, parties and wedding parties, music nights and functions. There is a huge potential for development of the restaurant and bar for the general public on a yearly basis with a larger choice of menus, for groups, clubs or for seminars, as well as expanding the accommodation and function rooms which would require a minimum of investment in upgrading to comply with new safety regulations.

Competition / Market:

The property is in a very sought-after area where over 2 million visitors come to visit each year. This small market town has a large catchment area for its weekly market and large supermarket as well as a number of camp sites, bed and breakfast, holiday gites and all the tourists who stop off down the river in their canoes or are passing through on their way to visit the grottes in Les Eyzies and the valley of the Vezere or the numous châteaux along the Dordogne river between Bergerac and Sarlat and Domme. There are only a couple of restaurants in the village itself making this property a popular stopping place to have a light and healthy meal with a difference... and in a rare riverside location.

Reasons for selling:

The owners have enjoyed bringing this property back to life again after a long period of neglect creating a small but profitable business... as well as raising a young family. They are now ready for a new adventure and are looking to sell to a new owner with the energy and finance needed to develop it further.

Trading hours:

Currently open 7 days a week from end of June to end August, meals lunch and dinner, bar open from 3pm every day till around 9pm except on function evenings when it's later.
5 rooms and studio are available all year, but mainly between Easter to end October. The property is currently registered as a B&B and bar/restaurant serving light meals.
Full drinks licence (Licence IV)

Employees:
Currently, the two owners with part time staff in summer, for functions and whenever else needed.
Years established:
Since 2003, previously inactive for 5 years, prior to that it had been a hotel for many generations

Other Information

Website:
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Home based:
This business can be run from home.

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