The Maerdy Freehold Hotel In Bridgend For Sale

Business description

This hotel represents a wonderful opportunity for a hotel chain or private buyer to acquire a well appointed and superbly located hotel situated in a strong local community and within one mile of the M5 motorway running across South Wales.

The core of the building dates back over one hundred years and the site has been consistently developed by the present owner over the past thirty years. It now boasts nineteen twin bedded or double bedded rooms with five further rooms for single occupancy. All are well appointed and tastefully decorated and have en suite facilities, tea and coffee making equipment and televisions.

The large and welcoming reception has a large amount of natural light and leads to the comfortable lounge with oak panelled bar and to the smaller lounge area that hosts a pool table and patio doors to the rear of the premises.

The large function room is licensed for two hundred guests and plays host to a range of private functions, wedding receptions and business seminars.

The main levels of occupancy come from Monday to Friday with a strong following of regular custom coming from business men travelling away from home and not wanting to stay in the sanitized environment of one of the larger chains of hotels. There is ample parking to the front of the premises with an additional overflow area to the rear. Total parking capacity is around sixty vehicles. There is a self contained one bed roomed flat with separate access that would be suitable for staff or management. Adjacent to the premises is a beautiful private residence that is the home of the current owner. This substantial property is beautifully appointed with extremely large rooms. It consists of a large kitchen diner (photo attached) downstairs bedroom or gym.

There is a large utility with small garden yard to the rear. The first floor has a magnificent tiled bathroom with Victorian slipper bath and surround sound shower unit. A very large fully fitted double bedroom with views to the rear of the house and a substantial living room.

To the rear of the premise is a site of approximately one acre. Until very recently it had planning permission for three, four bedroom detached houses with large garden areas. I am advised that a renewal of the permission will not be an issue.

INSERT PHOTO OF PRIVATE PREMISES PLEASE.

Equipment:

There is a fully equipped and immaculate commercial kitchen

Key Strengths:

Fantastic location
Excellent opportunity to physically expand the hotel or develop the site
Superb owner’s residence
Managers or staff flat
Good local staff
Prime for developing additional business

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The hotel presently turns over circa and this generates a gross profit of around £254,000. Net profits are in the region of £67,000.

Property information

Property:

Freehold

Business Operation

Expansion potential:

The hotel does not advertise within the local community or the surrounding towns and generates most of its business from web based marketing portals. It is an attractive building, well appointed and with an excellent function room and lounge bar. It is a natural venue for weddings and conferences having sufficient rooms and leisure areas to support the requirements of any group or company. It is within easy reach of Cardiff and could capitalise on any number of sporting or cultural events that would generate additional revenue streams.

Reasons for selling:

The owner has enjoyed a long and very successful career in the hotel and catering industry. He now feels that it is time for a new owner with fresh ideas and energy to take over the business and drive it forwards and on to its next level of performance.

Employees:

One general manager who might be willing to remain if required. Two part time barmaids. One part time general catering assistant. Two part time chamber maids.