AC350- Award Winning, Freehold, Full Service Period Hotel & Restaurant A richly furnished 18th century building that has been extensively renovated to a very high standard

Award Winning, Freehold, Full Service Period Hotel & Restaurant
A richly furnished 18th century building that has been extensively renovated to a very high standard

  Ref.AC350
Location Gwynedd, North Wales
Asking Price £ 2,700,000

Asking price: O.I.R.O. £2.7 Million

Asking price includes:

Substantial Freehold Property with a value circa £1.5-2 Million
Current Turnover in excess of £1 Million p.a. (exc. VAT)
Gross Profits circa £850,000 p.a.
Adjusted Operating Profits circa £300,000 p.a. after refurbishment costs
Ongoing bookings running into 2016
Recently refurbished
Excellent staff with senior structure
All fixtures and fittings
Fully licensed Public/Residential Bar
Separate restaurant offering A La Carte/Table d’Hote Menus
Superb central location
46 Guest Bedrooms (all en-suite)
WIFI
Growing guest list
Large car park
Goodwill
Website

Business profile:
This is a rare opportunity to acquire a truly stunning freehold hotel that has been comprehensively refurbished yet maintains the unique character and individuality of a period 18th century property. The hotel continues to grow, both in terms of sales and profitability. Centrally located on the green of this idyllic seaside town the hotel is the ideal base for touring the Llyn peninsula and Snowdonia National Park. With stunning views of the mountains, the coast and castles the hotel is the perfect base and retreat for visitors of all ages. The hotel has its own busy lounge bar, a snug and restaurant as is located in the centre of the town, with access to the Cambrian Coast Railway.

This business, a family run hotel, has been sympathetically restored and refurbished to an excellent standard with no expense spared. The current owners have invested a significant amount on this project over recent years and this hard work is reflected in the ongoing growth pattern and impressive profit margins the hotel generates. The ethos is simple, to provide a traditional and relaxed style, friendly service and extensive hospitality. The close knit team of staff maintains the intimacy, attention to detail and extended family atmosphere for which the hotel is renowned. This commitment to the business is illustrated through the extensive awards and accreditations the hotel has achieved (including TripAdvisor’s Certificate of Excellence, Visit Wales/Britain).

Click here to know more about the business