Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Free Of Tie Freehold Pub, Flat & Accommodation For Sale

Abertillery, Blaenau Gwent
Asking Price:
£219,950
Turnover:
£95,033
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market this very well established free of tie pub, originally established in 1861. The pub has been run by the current owners for approaching 20 years who are now looking towards a well-earned retirement.

The property offers a good-sized pub area, 3 bedroom accommodation and a large 1 bedroom flat.

The pub only offers wet sales at present, so there is tremendous potential to introduce food. The owner could also look to offer accommodation to let, with the top floor offering a large 1 bedroom flat; or even renting out the 3 bedrooms and owners living on the top floor.

The pub is set within a residential location, allowing for a very good local following with an enviable amount of repeat loyal custom. Together with darts and pool teams the pub provides an important service to the local area as well as generating a good revenue for the pub.

There is an extensive inventory of fixtures and fittings to include tables and chairs in both bar areas and external garden.

Location
Clynmawr Hotel is situated in a residential area in Abertillery.

Abertillery, meaning mouth of the River Tyleri is the largest town of the Ebbw Fach valley in what was the historic county of Monmouthshire, Wales. Following local government reorganisation, it became part of the Blaenau Gwent County Borough. The surrounding landscape borders the Brecon Beacons National Park.

Situated on the A467 the town is 15 miles north of the M4 and 5 miles south of the A465 "Heads of the Valleys" trunk road. It is about 25 miles by road from Cardiff and 47 miles from Bristol, offering easy access to surrounding areas.

Premises
Clynmawr Hotel is situated in a residential area in Abertillery.

Abertillery, meaning mouth of the River Tyleri is the largest town of the Ebbw Fach valley in what was the historic county of Monmouthshire, Wales. Following local government reorganisation, it became part of the Blaenau Gwent County Borough. The surrounding landscape borders the Brecon Beacons National Park.

Situated on the A467 the town is 15 miles north of the M4 and 5 miles south of the A465 "Heads of the Valleys" trunk road. It is about 25 miles by road from Cardiff and 47 miles from Bristol, offering easy access to surrounding areas.

Tenure
We are advised that the business is being sold as a Freehold opportunity.

Hours
Monday: 7.00pm to 12.00am
Tuesday: 7.00pm to 12.00am
Wednesday: 7.00pm to 12.00am.
Thursday: 7.00pm to 12.00am
Friday: 2.00pm to 12.00am
Saturday: 2.00pm to 12.00am
Sunday: 12.00pm to 12.00am

Staff
The business is run by the current owners.

Financial Profile
The accounting information for the year ended 2016 shows a turnover of £95,033 with a gross profit of 34%. There is great potential for this to be increased.

The owners inform me that they benefit from small business rate relief, so there are no rates to be paid on the commercial part of the property.

Rates payable on the living accommodation are £1,170 per annum.

Property information

Property:

Freehold

Contact Broker

Contact Information

  1. Optional
  2. Country

  1. Optional

By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here