Public House And Restaurant In Llanidloes Powys For Sale

Business description

Preferred Commercial is delighted to offer for sale this popular public house, restaurant and letting rooms, which dates back to around 1500 and which has been in our clients' careful hands since 1993. The business is only now being placed on the market due to our clients' wish to retire. The charming property boasts a dining area with 24 covers, 4-bedroom owners' accommodation and 9 letting rooms, which can accommodate up to 24 persons. The free of tie business boasts 3 star rating from the Welsh Tourist Office, British Tourist Office, the AA, Infotel and Yell.com and has earned excellent reviews on a variety of web sites. Our clients are currently refurbishing the property and run the business at a pace to suit, generating a turnover in the region of £192,000 per annum with a gross profit of 55%. There is huge scope for a new owner to increase turnover by perhaps opening all day and taking advantage of the 1.00am licence. There is also potential to embark on a modest advertising campaign. We feel this introduction of a web site with on-line booking facilities would also help increase trade. The Mount Inn boasts many repeat visitors and many well-known celebrities have stayed, whilst filming in the area. We feel this represents a unique opportunity to acquire a popular public house, restaurant and bed & breakfast business in such a delightful location and with huge scope for future growth. Early discussions with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

New lease to be negotiated

Location:

The Mount Inn occupies a prominent landmark position at the head of the high street in Llanidloes in Powys. The inn stands on the site of a former motte and bailey castle. There is a car park to the rear of the business and bus stops nearby. Llanidloes is a picturesque, historic market town boasting many timber framed buildings, including the old market hall. The town holds an annual Green Fair and in 2006 was awarded Fairtrade Town status. There is also an annual fancy dress street party, described as Wales' answer to the Notting Hill Carnival. The area is popular with tourists and hikers, being home to many attractions and excellent scenic footpaths, including Glyndwr's Way and the Sarn Sabrina Walk. The town lies on the A470, giving access to Newtown, 13 miles away, Welshpool, 26 miles away and Aberystwyth, 29 miles to the west.

Premises details:

Imposing black and white timber frame 14th century property, situated just off the main high street and benefiting from a car park to the rear. Briefly comprising:

Ground Floor
• Dining area with character exposed beams, a mix of fixed and free standing furniture offering 24 covers, feature fireplace, wooden bar servery with optics display and cash register
• Snug with Welsh mosaic floor, exposed beams and feature fireplace
• Bar area with tiled floor, feature fireplace, bar servery offering 8 points of dispense, optics display, 2 bottle chillers and electronic cash register
• Games room with exposed beams, feature fireplace, pool table and tables and chairs
• Ladies WCs
• Gents WCs
• Cleaning cupboard
• Commercial kitchen with stainless steel clad walls, extraction system, refrigerator and freezer, 4-burner range, stainless steel preparation surfaces, 2 x double fryers, plate warmer, toaster and 4 x microwave ovens

Lower Ground Floor
• Beer cellar and bottle store fitted to suit trade

First Floor
Owners' accommodation, comprising:
• Large lounge
• Kitchen with a range of fitted wall and base units
• 4 x bedrooms
• Bathroom with bath, shower, WC and wash basin
• Shower room

Letting accommodation accessed from rear of building:
• Room 1: Double with en-suite shower, WC and wash basin
• Room 2: Double and 2 x singles with en-suite shower, WC and wash basin
• Room 3: Double and 2 x singles with en-suite shower, WC and wash basin

Annexe
Ground Floor
• Room 4: Twin with en-suite shower, WC and wash basin
• Room 5: Twin with en-suite shower, WC and wash basin
• Linen store
• Room 6: Double and bunks (disabled friendly access) with en-suite shower, WC and wash basin

First Floor
• Room 7: Twin and bunks with en-suite shower, WC and wash basin
• Room 8: Twin with en-suite shower, WC and wash basin
• Room 9: Twin with en-suite shower, WC and wash basin

External
• Sun terrace with seating, accessed from dining area
• Large car park to rear
• External freezer store with 4 x freezers

Business Operation

Trading hours:

Mon - Sat: 12.00pm - 2.00pm & 5.30pm - 11.00pm
Sun: 12.00pm - 2.00pm