Wet led public house in Blaenau Ffestiniog Gwynedd with three letting rooms and expansion potential
Blaenau Ffestiniog, Gwynedd County
- Status
UNDER OFFER
- Advert ID
647844
- Reference
94256 / Rightbiz
- Call Agent:
- Freehold: £180,000 (Stock at valuation)
- Turnover: £161,914 (£3,114 per week)
- Profit: £26,867 (17% Profit margin)
Business Details
GWYNEDD – Wet led public house in tourist town with huge potential featuring 3 letting rooms, suite
Historic slate town set in mountains
Wet led public house
Two section trade area (65)
Three en suite letting rooms plus en suite letting suite
One bed owners accommodation
Net sales £161,914 (2021/2022)
SELLER REF 94256
Blaenau Ffestiniog is in the historic county of Merionethshire, nestled between the Moelwynion mountains in the heart of Snowdonia. Although boundaries exclude the town from the National Park, it is a booming tourist area which includes the Ffestiniog Railway and Llechwedd slate caverns. The town - known as the former slate capital of the world - is one of six slate landscapes in North Wales which has been declared a Unesco World Heritage site. The surrounding countryside is very popular with hikers and mountain bikers.
The town lies on the A470 with Llandudno northbound and Dollegau to the south. The A496 and A487 provide links to Harlech and The Llyn Peninsula respectively.
The property is an end terrace building of stone construction with a pitched tiled roof over four levels.
The Manod Hotel is a wet led community local which was constructed by miners circa 1826. The pub is popular with both locals and tourists: it has its own darts team and hosts quizzes, live music and disco nights. Planning permission has been granted for four ensuite letting rooms to the first floor, in addition to a trade kitchen and balcony to the first-floor trade area overlooking the rear car park. See Planning reference: C14/0619/03/LL. There is also scope to renovate the ground floor basement unit into a studio apartment (STPP).
A full premises licence is held between the hours of 12:00 and 00:00 seven days a week. Current opening hours Monday to Thursday: 16:30 - 23:00, Friday to Sunday: 12:00 - 00:00.
All main services (water, electricity, gas and drainage) are connected. A CCTV system is installed.
Rateable Value: £7,300 (The business is subject to small business relief).
Local Authority: Gwynedd Council.
FREEHOLD £180,000 to include goodwill and fixtures & 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.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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