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Superb 10 Bedroom Hotel Bar And Restaurant For Sale

Dyfed
Asking Price:
£599,950
Turnover:
£275,000
Net Profit:
Available on request

Located in the Cambrian Mountains
Very well appointed and presented 17th century inn set in 3½ acres
Early interest and viewing is highly recommended
£29,000 has been spent to rewire the building
Property been fully re-wired in February 2012
Advised annual turnover of £275,000
10 guest bedrooms all en-suite
2 bed owners' accommodation
Freehold free house
Panoramic views
Tranquil setting
FREEHOLD


Business History

We are privileged to offer to the market this superb 10 bedroom hotel, bar and restaurant which is set in 3.5 acres of stunning countryside.

The business dates back to the 17th century and has been in the careful hands of our client for the last 5 years. The only reason this rare opportunity is being offered to the market is due to our clients wish to retire.

Since our clients took ownership of the property, they have transformed it and have gone to considerable expense and effort on the presentation of the property and are very generously including fixtures and fittings within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time.

The hotel is owner operated and employs 6 part time members of staff. The advised annual turnover is in excess of £275,000 which is split by room income 60%, wet sales 20% and the remaining 20% from dry sales.

Facilities include 28 cover restaurant, bar, car park, and its very own waterfall within the grounds. Rooms are very comfortable with en-suites, colour freeview TVs with radio and DVD, radio alarm clocks, direct dial telephones, Wi-Fi and tea and coffee making facilities.

The George Borrow offers a wide selection of traditional meals, many being homemade. Meals at the George Borrow can be taken in the restaurant with views over the mountains or you can relax and enjoy the meal in one of the bars in front of an open fire, where they also offer a wide selection of bar snacks as well as Sundays which are very popular for its carvery.

Residents range from tourists, hikers, mountain bikers, people visiting relatives and business professionals.

The business is run to suit so there is huge scope to increase turnover. This is a superb opportunity and as such Meridian Business Sales recommends early viewing.

Property information

Property:

Freehold

Location:

This outstanding hotel, bar and restaurant is located on the prominent main A44 road in the highly desirable village in the heart of the stunning Cambrian Mountains. It’s perched on edge of the Rheidol Gorge and gives panoramic views of the mountains. It’s an ideal location for hiking and mountain biking and is within easy reach of Nant-yr-Arian mountain bike trails (1.5 miles), Plylimon Mountain (1.5 miles) and Devils Bridge Falls (2.5 miles). It sits just 12 miles east of the coastal town of Aberystwyth which is a big attraction because of its University.

Premises Details:

Detached 10 bedroom hotel, bar and restaurant with 2 bed owners’ accommodation, briefly comprising: GROUND FLOOR Door to entrance porch Bar with tables and chairs, bar servery and open fire Back bar with bar servery, pool table, darts board, TV, duke box, gaming machines and seating Ladies toilets Gents toilets Laundry room Hallway with hotel reception and office Catering kitchen with 2 x sinks, dishwasher, 6 ring gas hob and oven, griddle, double fat fryer, 6 pot wet bain-marie with hot cupboard and salad bar Restaurant with seating for 28 and carvery counter Guest lounge with TV Boiler room Cellar (below ground) Beer cellar Store room Bottle store FIRST FLOOR Laundry room with bath and wash basin Room 1 – Single room with shower, toilet and wash basin Room 2 – Single room with shower, toilet and wash basin Room 3 – Family room with shower, toilet and wash basin Room 4 – Double room with shower, toilet and wash basin Room 5 – Double

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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