Total of 18656 firms and businesses for sale today Tuesday 19th March 2024
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Sold. Award Winning, Freehold, Full Service Period Hotel & Restaurant

LISTING DETAILS
Firms For Sale ID:
34224
Vendor reference:
AC350
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£2,700,000  
Turnover / revenue:
£1,000,000
Net profit / cashflow:
£300,000
Number of employees:
29

OTHER DETAILS
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
 
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BUSINESS DESCRIPTION
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 GBP 2,700,000
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 TripAdvisors Certificate of Excellence, Visit Wales/Britain).
The hotel comprises 46 individual and refurbished rooms of all sizes with ensuite facilities. Rooms range from antique furnished twins to contemporary suites with adjoining rooms for families. All rooms have flat screen TVs with Freeview, telephone, hairdryer and hospitality trays

Expansion Potential
As already mentioned the business has only recently started to tap into the power of the internet and has recently invested in a new booking system that is affiliated to all the major booking platforms such as Bookings.com, Expedia etc. This is very much in its infancy having just gone live in March 2015. The business is already benefiting from this increased exposure so this should certainly increase trade and profits even further moving forward.

Market / Competition / Non-Competition Agreements
The business has recently embraced technology and its effectiveness with regards to online advetising..

It now has a well designed and attractive website that performs very well on 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.

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.