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Freehold Public House & Restaurant Located In Pennal For Sale

Pennal, Gwynedd, UK
Asking Price:
£450,000 Furniture / Fixtures included
Turnover:
£456,191
Net Profit:
Available on request

Fantastic Freehold Public House & Restaurant located in Pennal. Stunning grade II listed, three storey property which has the potential for 8 ensuite bedrooms to the upper floors with some investment. Just a 10 minute drive from Aberdovey. Turnover £456,191 pa.

Veritas Business Sales are delighted to offer for sale this respected Public House & Restaurant which is located in the village of Pennal. The property is grade II listed and dates back to the 16th century. The business has been in the careful hands of the current owners for the past 12 years and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership their has been continually investment to the ground floor to include new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Riverside is owner operated by a husband & wife team along with the help of 2 full time and 10 part time members of staff and has an impressive annual turnover of £450,000. They serve a fine range of homemade hearty pub grub which equates to approximately 60% of the annual turnover and a selection of premium lagers, guest ales, wines, spirits and soft drinks which equates to the remaining 40%. All fayre is freshly prepared and cooked to order on site using only the finest locally sourced produce. This unopposed gastro pub is where the locals would host their various celebrations such as birthdays, christening and weddings.
We believe that with some investment on the upper floors this would lend itself to being a thriving hotel. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Property Information

Property:

Freehold

Living Accommodation:

First Floor
The first floor has previously had planning permission for 10 ensuite letting rooms
Bathroom
W/C
Double bedroom with ensuite
Double bedroom with ensuite
Double bedroom with ensuite
Double bedroom with ensuite
Office with ensuite
Lounge hallway with understairs storage cupboard and stairs leading to the second floor

Second Floor
Double bedroom with sink
Flat
Kitchen/lounge
Double bedroom with ensuite
Double bedroom with ensuite and fitted cupboard
Box bedroom
Bathroom
The property benefits from gas fired central heating

Location:

This outstanding Public House & Restaurant is located in the village of Pennal. Situated within a prominent and highly visible trading position on the (A493) between Machynlleth (3.9 miles) and the highly desirable beach resort Aberdovey (6.7 miles). The property overlooks the Afon Pennal River and the medieval St Peter ad Vincula church. The Dyfi Valley is a UNESCO protected Biosphere and noted for its excellent walks and rural pursuits.

Premises Details:

Ground Floor
Front vestibule entrance. Lounge area with seating and sofas to seat (12) and bar servery, right side restaurant with tables & chairs to cover (40), bar servery, left bar area with bar servery and upper snug/restaurant area to cover (12) with feature log burner. Both bar areas are open plan and comprises an expresso coffee machine (Bezzara), coffee grinder, 3 x undercounter drinks fridges, glass storage shelves, glass chiller (Heineken), upright wine cooler, glass wash (Class EQ), sales till, stainless steel sink drainer, 3 hand pull pumps and 2 x 4 head beer taps.
Hallway leading to the toilets and rear exit door.
Ladies with 2 x W/C’s, 2 x wash basins, baby change, wall mounted soap dispenser, wall mounted hand dryer and wall mounted mirror.
Gents with W/C, 3 x urinals, 2 x wash basins, wall mounted hand dryer and wall mounted mirror.
Disabled W/C with wash basin, hand rails, wall mounted soap dispenser and wall mounted paper towel dispenser. Clear room. Rear garden restaurant with tables & chairs to cover (30) which has rear bifold doors leading to the beer garden. Staff W/C with wash basin. Laundry room with washing machine (Beko), tumble dryer (Beko), storage racking and combination boiler (Worcester Bosch).
Commercial kitchen comprising: stainless steel sink with directional hose, 2 x metal shelves, dishwasher (Class EQ), stainless steel wash basin, 2 x undercounter fridges (Prodis), salamander grill (Blue Seal), 6 burner range (Lincat), dual deep fat fryer (Blue Seal), dual dep fat fryer (Elite), extraction canopy, 3 x metal shelves, 5 pot wet bain-marie, turbo fan convection oven (Blue Seal), 3 x stainless steel tables, 3 x commercial microwaves (Samsung), hot water boiler (Lincat), 4 ring electric hob (Lincat), one pot bain-marie (Lincat), stainless steel table with commercial can opener, Rational convection oven, 3 x stainless steel tables, grill (Blue Seal), food mixer (Robot Coupe), extraction canopy, upright stainless steel fridge and wall mounted paper towel dispenser.
Walk-in cold room (Williams) and walk-in freezer (Williams).
Pot wash area with stainless steel sink, stainless steel wash basin, undercounter freezer (Bosch), upright freezer (Gram), metal storage racking, 3 x stainless steel tables, microwave (Samsung), stainless steel double sink drainer with directional hose and upright fridge (Gram).

External
Rear garden/patio area overlooking the river with tables & chairs to seat (28). Two outbuildings with electricity, LPG gas tank and a customer car park for (20).

Energy Performance Rating:
C

Business Operation

Trading hours:

Monday & Tuesday – closed
Wednesday – Saturday – 4:00pm – 11:00pm
Sunday – 12:00pm – 8:00pm

Other Information

Inventory / Stock value:
£4,000

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