The Bay Horse Hotel, based in Chorley, has been sold to a first-time buyer, advised by Kings Business.
The reputable business has been under its present ownership for 5 years with the owner cementing the business as a must-stay hotel in Lancashire.
The business has become a key part of the local community due to its well-known destination pub that offers a wide selection of draft ales and fresh, home-cooked food.
Due to its enviable reputation, the hotel boasts an extensive and loyal customer base amongst local residents and travellers.
After building the business to the successful level it is at today, the owner wished to sell to pursue other business opportunities and spend time with their family.
Kings Business was instructed in the sale and we used our bespoke buyer intelligence and research strategies to generate interest in the business, resulting in 7 viewings of the hotel.
The business was sold to a first-time buyer who was attracted to the business as it was an ideal opportunity to pursue a change in career. The buyer wishes to renovate before re-opening the hotel and is local to the area.
Upon completion of the sale, the buyer said: “We are pleased to have completed this sale and are happy to be in the property now. We are excited to renovate the hotel and open it up to the public. Thank you to Kings for your help with the sale”.Sales Negotiator, Lauren Lees, said: “I am pleased to have completed on this deal and wish the seller and their family the best of luck in the future and we hope the new owner enjoys the business when they re-open”.