400 year old hotel in historic town of Kenilworth looking for new owner
Specialist business property adviser, Christie & Co has brought to the market, The Old Bakery, an historic hotel and restaurant in Kenilworth, Warwickshire.
The Old Bakery has a rich history, occupying a 400 year old, Grade II listed building which was originally established as a traditional bakery in 1825, trading as Kenilworth’s main bakehouse, before being sympathetically converted and renovated in the 1990s.
Having also undergone an extension to provide additional bedrooms, the Elizabethan property now comprises 14 bedrooms, all with en suite facilities, a bar/restaurant with capacity for 46 covers, and a self contained, two bedroom owner’s apartment.
Located in the Old Town area of Kenilworth, The Old Bakery sits in a prominent position on the high street and welcomes high numbers of both local residents and visitors to the town. Kenilworth itself is famed for its lengthy history dating back to the 1086 Domesday Book and the tourist attraction, 900 year old Kenilworth Castle.
Current owners, Alan and Janet Blackburn have run The Old Bakery for over 14 years and in that time have built up a well established business, earning many accolades including a Certificate of Service Excellence from TripAdvisor and received Warwickshire Best Pub of the Year from CAMRA for the last four years. Most recently, the hotel featured in the travel section of The Sunday Times as a recommended place to stay in Kenilworth.
Alan and Janet have prided themselves on the quality of the service offered to customers but have now decided to sell in order to retire and comment, “There can be no finer satisfaction than being involved in the hospitality business and knowing that what you are offering is what the customer wants. We shall miss it!”
Joshua Sullivan, Senior Business Agent at Christie & Co is handling the sale and comments, "The current owners have enjoyed the journey of running a very successful and vibrant business, making lots of friends along the way, creating a solid and well respected platform for new owners to build on.
“As The Old Bakery has been run largely as a lifestyle business, it offers the opportunity for a new buyer to build on the existing revenue and the trade is already seeing benefits from the introduction of a new online booking system. The bar also currently only trades in the evening and further income streams could be added through the introduction of a café bar during the day.”
The Old Bakery is on the market for £1,250,000 for the freehold interest.