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Thriving Licensed Restaurant Barmouth Harbour Front For Sale

Barmouth, Gwynedd, UK
Asking Price:
£395,000 Furniture / Fixtures included
Turnover:
£200K - £500K
Net Profit:
Available on request

A rare opportunity to acquire a thriving licensed restaurant, coffee bar and leasehold premises situated in a prime location on Barmouth harbour, with 50 covers in total, 38 inside 12 outside. Although the Anchor is leasehold, it benefits from a very long lease (970 years) making this is a fantastic long term investment.

Recently refurbished and including all high standard catering equipment this quaint restaurant set in a fantastic location is ready to open its doors to continue it's reputable business.

The current owner acquired The Anchor in 2004 and has developed it into the successful business it is today.

The Restaurant enjoys a high annual turnover and the owner will happily discuss or make figures available to bona fide purchasers.

This is a unique opportunity to acquire an already established business in such a busy and sought out location - viewing is highly recommended to appreciate what this gem has to offer!

Property Information

Property:

Leasehold

Lease Terms:

Peppercorn lease.

Leasehold Rent:

£0 per annum

Location:

This quaint restaurant is set in a fantastic location on the harbour front in Barmouth. Easily accessible from the beach front with outside seating, The Anchor is in a prime location in the popular holiday destination of Barmouth. The harbour front is also often the centre of various festivals and town activities which run throughout the year. Residents and tourists alike visit the harbour front to enjoy the various cafes and restaurants with their fantastic views across the Mawddach estuary towards the Cader Idris mountain range.

Premises Details:

The premises comprise the entire ground floor of a Leasehold building. It includes outside seating (12 covers), inside an open plan restaurant space (38 covers) with a fully licensed bar area. The Kitchen has been recently refurbished and is fully stocked with high grade catering equipment and stainless steel worktops (included). All seating and table ware in the restaurant is included.

Business Operation

Competition / Market:

The Anchor has been a thriving restaurant since 2004, opening 7 days a week 9am - 9pm pre-pandemic. Currently rated as 4/5 on Tripadvisor, The Anchor is famous for its Welsh breakfast, tacos, ribs and fish and chips. The menu complements other food service on the harbour front (ice cream, pizza, cafe) which also have a very good reputation, making the harbour front a popular location for food at all times of the day.

Reasons for selling:

The vendor owns several businesses in Barmouth and is streamlining operations post pandemic.

Trading hours:

9am - 9pm

Employees:
3 to 5
Years established:
9 years

Other Information

Related Documents:

Contact Walter Lloyd Jones

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