Hi - My name is David and together with my daughter Angharad we are looking to buy a hosel business, either in the UK or in Europe. Preferably one that is currently up and running and profitable.
My wife and I are active in the property sector and we have had properties that we holiday let in the past, but now want to expand into the hospitality arena focusiing on the hostel market. Our daughter will run it.
We have just started our search and have a price range of around £500K GBP.
If anyone out there has any advice for us, especially where we can look to find businesses on the market, i would be really grateful.
I have an interest in Prague - daughter having spent an exchange year there last year - but I am having difficulty finding anything actually on the market, so any tips would be great.