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BUSINESS REFERENCE : 1663 / RightBiz ONE OF WALES' FINEST PUBLIC HOUSE / BISTRO / HOTEL | | | | | | ONE OF WALES' FINEST PUBLIC HOUSE / BISTRO / HOTEL NORTH WALES Excellent increasing turnover of £308,000pa with projected turnover of £600,000 Superbly presented & beautifully appointed throughout | | | BUSINESS LOCATION: | Undisclosed Gwynedd County UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SALE: | Agent Sale | LEASEHOLD: | £169995 | | | | | | | | | | | BUSINESS DETAILS: | ONE OF WALES' FINEST PUBLIC HOUSE / BISTRO / HOTEL
NORTH WALES
Excellent increasing turnover of £308,000pa with projected turnover of £600,000
Superbly presented & beautifully appointed throughout
Nominated for Wales' Good Beer Guide 2007 & 2008
Highly competitive price to facilitate quick sale
Magnificent location directly on the waterfront
Must be viewed to fully appreciate
Extensive beer garden & car park
Genuine reason for sale
First to see will buy
LEASEHOLD
Business History
Meridian Business Sales are delighted to bring to the market this superb and delightful public house, bistro hotel which occupies a magnificent waterfront location overlooking the Menai Straits in picturesque North Wales. The pub which was established in the very early 1800's has been under the careful ownership of our clients for the last three years and is only very reluctantly being brought to the market due to ill health. Since purchasing the pub our clients have undergone what can only be described as a "Labour of Love" in building what is now, a fantastic public house renowned for its great beers, superb food and tremendous hospitality. Both inside and out the business has undergone a significant transformation and is now beautifully appointed to the very highest of standards. Upwards of £300,000 has been spent on the refurbishment and it shows. Formerly the pub was turning over around £100,000 offering only mediocre drinks and a very limited lunchtime food menu. After the refurbishment of the pub and the introduction of a range of superb menus based on a bistro style dining from bar snacks and lunchtime menus to a full a la carte range of options and children's menu along with the introduction of a superb range of wines and spirits and specialist range of beers, the pub now enjoys a very healthy and rising turnover of £308,000 with gross profit margins of on wet sales at 47% and dry sales at 67%. This has all been achieved with little or no advertising and with the full backing of the brewery. At our clients own admission and much to their dismay at having to sell, if their plans for future development were to continue and given the right amount of enthusiasm and effective marketing they can see the business going from strength to strength with a turnover figure projected of more than £600,000. This is therefore a truly unique opportunity for new owners to take over an already successful business with huge earning potential where the groundwork has already been done. There are three popular letting rooms on the first floor, with the potential for three more on the second floor, or new owners could enjoy three bedroom living accommodation on the second floor. Early viewing is strongly recommended as we anticipate demand to be high for this fantastic lifestyle change opportunity.
Opening Hours
7 days a week: 11:00am - 11:00pm
Licensed to 1:00am
Financial Profile
Turnover £308,000pa
Gross profit on wet sales 67%
Gross profit on dry sales 65%
Tenure
Leasehold
Original length 21 years
Remaining 18 years
Rent £28,425pa
Location
The business is a traditional pub and restaurant with letting rooms and is ideally situated in a picturesque waterside location in beautiful North Wales. This thriving concern is on a popular tourist trail within easy reach of the full range of tourist attractions for which North Wales is famous. Historic castles, Snowdon, the mountains of Snowdonia and the varied and diverse coastline. Overlooking the water with panoramic views over the Menai straits, the business is within 30minutes drive from Holyhead and is an ideal and popular stopover point for travellers to and from Ireland. The public house itself boasts a superb beer garden and extensive parking and must be viewed to fully appreciate.
Accommodation Summary
Semi-detached corner plot over 3 floors with with 3 bed owners accommodation & large car park on 2 levels with extensive beer garden and al fresco dining area with spectacular views overlooking the Menai Straits comprising of:-
Ground Floor
Main entrance with original door leading to:-
Room with:-
Attractive Victorian style fireplace & hearth
Assorted seating including tables, chairs & stools
Ladies WC
Gents WC
Snug areas with tables chairs & stools
Entrance to al fresco decked eating area
Main Bar comprising of:-
10 points of dispense
Shelving for assorted drinks display
10 optics
2 Double chillers
Glasswasher
To the right of the bar and with entrance from the car park & beer garden:- Seating area comprising of bench seating, tables & chairs, feature Victorian style fireplace & hearth, speciality drinks coffee making machine
Main indoor eating area with wooden floor comprising of:-
Tables & chairs for 20+ diners
Fully fitted catering kitchen comprising of:- Large stainless steel fridge, Lincat Bain-Marie, Whirlpool frost free freezer, stainless steel shelving, double stainless steel sink & drainer, class EQ Industrial Dishwasher, stainless steel table, hand basin, stainless steel industrial fridge, Lincat hotplate, Blizzard fridge, 2 microwaves, 6 burner Vulcan oven & hob, Blue Seal double deep fat fryer, Lincat single deep fat fryer, stainless steel table & plate storage
Laundry room with washers & dryers & ice machine
Freezer room with 4 freezers, 2 fridges, 2 microwaves
First Floor
Guest Room 1: Double with sink
Guest Room 2: Family room double & single with sink
Guest Room 3: Twin with sink
Guest Bathroom with walk in shower
Second Floor
Bed 4: Single
Bed 5: Twin
Bed 6: Single
Shower room & WC
Kitchen
Bed 7 : Lounge
Note : Upper floor has the potential for other uses
External
Al fresco outdoor eating & drinking area with enclosed deck with tables & chairs for 24 diners, large car park on two levels, beer garden and extensive seating area overlooking the bay, covered smokers area
The car park and beer garden are surrounded by mature and attractive trees, shrubs & foliage
Additional Information
40 covers inside
50 covers outside
| | | | | | FOR SALE | | | | | SELLER: | MERIDIAN BUSINESS SALES | | CONTACT: | 0845 222 0508 | | REFERENCE: | 1663 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
