Public House And Restaurant In New Quay Cardigan Bay For Sale

Business description

We are delighted to offer for sale this popular public house, which was established in 1920 and which has been in our client's hands since 2009. The pub is only now being offered to the market due to our client's other business interests. The Dolau Inn operates as a traditional public house and also offers meals, generating a turnover in the region of £220,000 per annum with a gross profit of 55% with a wet/dry split of 70/30. A new owner could easily increase turnover by promoting the food side of the business. There is also potential to embark on a modest advertising campaign to include the introduction of a web site. The property is finished to a high standard throughout and boasts spacious 3 bedroom owners' accommodation. This represents an ideal lifestyle change opportunity, to acquire a popular public house in such a desirable, picturesque location. Early viewing must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold:
Original length: 3 years
Review: every 3 years
Rent: £17,460 per annum

Leasehold rent:

£17,460 per annum

Location:

Dolau Inn occupies a desirable trading location in the heart of the town of New Quay, Ceridigion. Situated at the bottom of Church Street, the pub boasts fantastic views of the sea, which is just a short walk away. New Quay is a delightful picturesque fishing town on Cardigan Bay, boasting a harbour and sandy beaches. The town is popular with tourists, many of whom come to see if they can spot the bottlenose dolphins that live in the bay. There are several large holiday parks and caravan sites on the outskirts of the town. The town is accessed by the A486 and A487. Cardigan lies 20 miles southwest, while Aberystwyth is 37 miles to the north.

Premises details:

Substantial 2-storey property situated close to the beach and harbour. Briefly comprising:

Ground Floor
• Main entrance through vestibule
• Main bar area with part carpet and part tiled floor, beamed ceiling, a mixture of fixed and loose furniture, wood panelled U-shaped bar servery with 10 points of dispense, optics display, glass washer and cash register
• Games room with pool table, dartboard and quiz machine
• Ladies & gents WCs
• Kitchenette with dumb waiter to first floor kitchen
• Ground level climate controlled beer cellar

First Floor
• Lounge
• Large domestic/commercial kitchen with dumb waiter
• Office
• Lounge
• Family bathroom with corner bath, shower, washbasin and WC
• 3 x double bedrooms

External
• Terrace to front with picnic tables
• Beer garden to rear for approximately 100 patrons, access directly to public car park

Business Operation

Trading hours:

Mon - Thurs: 10.00am - 12.00am
Fri - Sat: 10.00am - 1.00am
Sun: 10.00am - 12.00am