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BUSINESS REFERENCE : 1275 / RightBiz 14 BED HOTEL - LLANDUDNO | | | | | | Excellent seafront location in North Wales seaside resort Large 14 bedroom hotel with 48 persons capacity Established 1846, same ownership for the past 23 years £10k recently spent on fire safety All rooms recently re-carpeted T/O £50k with profits of £35-40k Only 24wks trading Repeat custom built upon excellent reputation Business offers complete lifestyle change Early viewing essential | | | BUSINESS LOCATION: | Undisclosed Gwynedd County UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Motels & Hotels | | SALE: | Agent Sale | FREEHOLD: | £390,000 | | | | | | | | | | | BUSINESS DETAILS: | 14 BED HOTEL - LLANDUDNO
Excellent seafront location in North Wales seaside resort
Established 1846, same ownership for the past 23 years
Large 14 bedroom hotel with 48 persons capacity
Repeat custom built upon excellent reputation
Business offers complete lifestyle change
£10k recently spent on fire safety
T/O £50k with profits of £35-40k
All rooms recently re-carpeted
Early viewing essential
Leasehold is an option
Only 24wks trading
Location
The business his situated in a highly visible location on the seafront in Wales' largest seaside resort, Llandudno. It is surrounded by complementary properties and there is on street parking close at hand. Llandudno is uniquely located between the great and little Ormes with 2 wonderful beaches - the award winning North Shore and the quiet sand dunned West Shore, making it a hive of commercial activity for both large residential population and seasonal tourist activity. The town is just off the main rail line between Chester and Holyhead, the latter being the main ferry port to Ireland. The North Wales express highway is just a short drive away this gives access to all major destinations.
Business History
Meridian Business Sales are delighted to offer for sale this well established grade II listed hotel that was founded in 1846 and has been in our client's careful ownership for the past 23 years. The only reason this business has become available to the market is due to our clients wish to retire. Since our client took ownership considerable time has been spent building up the trade to the extent where it now achieves its income of £40,000 - £50,000 on only 24 weeks trading. There is huge scope to further develop the business by exploiting a new market (our client chooses not to) or by trading the hotel all year round. The owners' accommodation consists of a 1 bedroom apartment on the lower ground floor and 2 further bedrooms situated on the 4th floor. This business would ideally suit those seeking a complete lifestyle change who with the vision and energy could take this business to its full potential. Early viewing essential to fully appreciate.
Financial Profile
T/O £40-50,000
24 weeks trade only - scope to increase
Tenure
Long-leasehold 999years
Ground rent £5.00 pa
Accommodation
Substantial 6 storey property with a prominent frontage. The building has tremendous character and many interesting features, briefly comprising;
GROUND FLOOR
Main entrance; Entrance hallway; Reception; Dining room; WC; Bar/lounge with; Comfortable loose seating; Fixed seating to walls; Carpeted throughout; Darts board; Bar with 2 points of dispense; Cash register; optics etc.
FIRST FLOOR
Room 1 family; Room 2 family en-suite; Room 3 double en-suite; Room 4 twin e -suite; WC & shower
SECOND FLOOR
Room 5 family; Room 5a single; Room 6 family en-suite; Room 7 family en-suite; Room 8 family en-suite
THIRD FLOOR
Room 9 family; Room 9a single; Room 10 family en-suite; Room 11 single en-suite; Room 12 family en-suite; Bathroom & WC
FOURTH FLOOR
2 x private bedrooms
Bed 1 - En suite & Bed 2 with cooker point
LOWER GROUND FLOOR
Owners' accommodation
Lounge/diner; Bedroom; Bathroom; Commercial Kitchen; Laundry; Sauna; Sunbed
Conservatory
EXTERNAL
Rear car park for 4 vehicles | | | | | | FOR SALE | | | | | SELLER: | MERIDIAN BUSINESS SALES | | CONTACT: | 0845 222 0508 | | REFERENCE: | 1275 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
