Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Award Winning, Freehold, Full Service Country Guest House & Restaurant
LISTING DETAILS
Firms For Sale ID:
32941
Vendor reference:
AC331
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Asking price:
£1,350,000
Turnover / revenue:
£872,000
Net profit / cashflow:
£150,000
Number of employees:
17
Employees / staffing:
The vendor works full time in the business on a strategic level and is responsible for marketing the business and developing its ongoing strategies. His wife also works in the business, more on a part time basis though. The business employs a comprehensive team of staff with 15 full time and 2 part time employees. There are 5 senior members of staff who run the business on a daily basis. All staff are hard working and a real asset of the company.
OTHER DETAILS
Reason for selling:
Genuine retirement sale. The vendor wishes to move abroad and spend more time travelling and with his family.
Support and training:
The current owners will provide full business familiarisation, training and handover to ensure a smooth transfer of the business to new owners, though as the business has a very capable structured team in place it is not thought that this will need to be extensive.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Living accommodation:
The vendors reside in a self-contained 2 bedroom flat over the hotel which has its own kitchen, bathroom, living room and dining area. This is included within the sales price.
BUSINESS DESCRIPTION
Award Winning, Freehold, Full Service Country Guest House & Restaurant
(3* AA & Visit Wales)
A richly furnished 19th century building that has been extensively renovated to a very high standard
Ref.AC331
Location Gwynedd, North Wales
Asking Price £ 1,350,000
This is a rare opportunity to acquire a truly stunning freehold hotel that has been comprehensively refurbished. The hotel continues to grow year on year, both in terms of sales and profitability. Centrally located, the hotel is found at the quieter end of the High Street in a destination town often described as the Gateway of Snowdonia". It is very close to the harbour, Ffestiniog & West Highland railways and all shops which are within about five minutes walking distance.
The hotel is in the perfect location from which you can explore the Cambrian Coast, the Llyn Peninsula and the Snowdonia National Park.
This business, a family run hotel, has been sympathetically restored and refurbished to a magnificent standard with no expense spared. The current owners have invested a significant amount on this project over the years and this hard work is reflected in the ongoing growth pattern and impressive profit margins the hotel generates. The ethos of this hotel 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 enjoys, some of which are listed below. These generate substantial levels of business for the hotel.
AA 3* 82% Merit Score
Visit Wales 3* 80% Score
Gwynedd Council 5* Food Standard
2 AA Rosette Restaurant 2011 & 2012
Good Food Guide 2011
Trip Advisor Certificate Of Excellence Winner 2011 & 2012
Welsh Silver Culinary Champion 2012
28 newly refurbished rooms of all sizes with en suite facilities. There is also a public bar, lounge, garden ,full restaurant and kitchens as well as large covered car park, which could be developed further should a new owner so wish.
The vendors reside in a self-contained 2 bedroom flat over the hotel which has its own kitchen, bathroom, living room and dining area. This is included within the sales price.
Market / Competition / Non-Competition Agreements
The business has embraced technology and is a very effective communicator.
It has a very well designed and attractive website which performs very well in all of the major search engines for all appropriate search terms. It also carries out online marketing and promotions, mailshots, a little advertising and lots of PR. It also has its own brochure.
Due to its many accreditations, awards and memberships the hotel enjoys lots of aditional exposure and appears on many major tourism and accommodation websites covering the area and beyond.
The property has good signage which helps build and maintain awareness but by far the most effective form of marketing is the strong word of mouth recommendations the business enjoys and repeat visits from customers who enjoy the high levels of service, the sumptuous surroundings, warm friendly atmosphere and superb dining.