GWYNEDD ESTABLISHED RESTAURANT, RETAIL UNIT AND THREE BEDROOM HOUSE AT THE FOOT OF YR WYDFFA (SNOW

Tourist hotspot at the foot of Yr Wyddfa (Snowdon)
Successful & established business
Restaurant (50 )
Three bedroom house and ground floor retail unit
Huge potential to increase trade figures
Net sales £133,000 per annum

SELLER REF 95612

Llanberis is a booming tourist village that sits at the foot of Yr Wyddfa (Snowdon) in the heart of the Snowdonia National Park which welcomes in excess of over half a million visitors per year and has many attractions including the Snowdon Mountain Railway, the National Slate Museum and the starting point of Llanberis Path to Yr Wyddfa (Snowdon). This stunning location offers various activities including mountaineering, climbing, mountain biking, watersports as well as regular weekly running events held throughout the year. Llanberis can be reached from the A5 or the A55 and is easily accessible to many beaches or other attractions throughout North Wales.

This substantial freehold property includes a two-storey restaurant area with a single storey extension to the side, and a two-storey, three bedroom house with ground floor commercial unit.  The building appears to be of local stone construction with pitched and flat roofs. It briefly comprises:

TRADE AREAS 
Ground floor entrance area with stained glass door.  'L' shaped BAR SERVERY with well-equipped back bar with shelving, undercounter fridges and wash area.  Loose seating for 10 . Main RESTAURANT AREA with disabled access and seating for 40 and large windows offering plenty of natural light. LADIES' and GENTLEMEN'S TOILETS offset.  It is apparent the trade areas have been well invested in with modern decor, lighting and furnishings and Karndean flooring throughout.
Sizeable LOFT SPACE via hatch in the restaurant with potential for alternative uses, subject to the relevant planning permissions.  
Generous sized TRADE KITCHEN with Altro nonslip flooring.  Fully-equipped with commercial kitchen appliances, PANTRY and WASH UP and multiple PREP AREAS.

OWNERS/LETTING ACCOMMODATION 
HOUSE:
Private entrance leading to hallway.  To the left is an open plan LOUNGE/DINING AREA which is well appointed throughout with feature fireplace.  The lounge/dining area leads to a KITCHEN with modern fitted wall and base units, laminate flooring and LAUNDRY ROOM offset.  
To the first floor is the MASTER BEDROOM, two further DOUBLE BEDROOMS and a FAMILY BATHROOM.

COMMERCIAL UNIT
On-street entrance with open plan TRADE FLOOR/SHOP AREA featuring quarry tile floors and part tiled/plastered walls, leading to rear PREP AREA with WASH UP AREA, STORAGE FACILITIES and WC.

EXTERNAL 
The restaurant has four parking spaces to the side of the property.  There is plenty of free parking available on the high street and surrounding the premises.

The owner's accommodation has space for two vehicles and also features a beautifully presented GARDEN with patio and lawned areas which enjoy spectacular mountain views. 

Our clients have operated Peak Restaurant since 2002 and it has become an established business that enjoys much repeat trade and has an excellent reputation.  It is hugely popular with tourists visiting the area.  Our clients currently operate Peak Restaurant as a lifestyle business which leaves huge potential for increased sales.  A new operator might choose to introduce both breakfast and lunchtime menus as well as a takeaway service.  They could also earn additional income by letting the vacant ground floor retail unit and offering the three bedroom house on the short term holiday market, subject to Local Authority permission.

Net sales for the year ended 31st March 2024 are £132,643 with full trading accounts made available following any viewing. 

A Premises Licence is held for the retail of alcohol.

Current opening hours: 
Wednesday to Saturday: 18:00 - 21:00 (Sunday Bank Holiday)

All mains services are connected.

Local Authority: Gwynedd Council

Rateable value as at 01 April 2023 to present: £10,750

FREEHOLD £650,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.