Asking price: £850,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: £10,000

Stock value: £10,000

Business description
Established, successful self-catering accommodation facility a potential Gold Mine situated on the site of a Gold Mine.Unique self-catering accommodation business in a prime location. Frendale and its complex of buildings occupy the site of the Tyddyn Gwladys Gold Mine dating back to the 19th Century. The traditional buildings have been tastefully restored to provide substantial self-catering accommodation. Owners’ accommodation is currently located within Ferndale Lodge and boasts four bedrooms. Adjacent is Ferndale Bungalow, which has five twin-bedrooms used for self-catering accommodation with the potential for bed and breakfast. Within the grounds there is also a 34ft static caravan which has three bedrooms.Mostyn Cottage used for self catering accommodation is a detached property with four bedrooms with a 30ft static caravan which has 2 bedrooms in the grounds .

Years established: 12years

Employees: husband and wife owners

Trading hours: 24hours 7 days a week 52 weeks a year

Home based: This business can be run from home.

Property: Freehold

Living accomodation
Ferndale Lodge • Currently utilised as owners’ accommodation over two floors • Lounge with dining area, wood burning stove and exposed beams. • Fully equipped kitchen with dining area and oil fired Raeburn cooker which also supplies the central heating system. • Laundry room. • Office. • Store room. • W/C cloakroom. • Double bedroom with en-suite facilities. • Three further double bedrooms. • Bathroom with corner bath. • Linen store/airing cupboard. 34ft 3 bedroom static caravan with kitchen, bathroom and lounge with dining area with gas fire Ferndale Bungalow • Large entrance hall. • Large kitchen with dining area and oil fired Aga cooker which also supplies hot water. • Spacious lounge and dining room with wood burning stove. • Two twin bedrooms. • W/C. • Two shower rooms. • Bathroom. • Three twin bedrooms. • One bedroom with four beds • Electric storage heating in all rooms. Mostyn Cottage Large kitchen with dining area with oil fired Rayburn cooker which supplies hot water Spacious lounge with wood burning stove Dining room or fifth bedroom Four twin bedrooms Two bathrooms Electic storage heating in all rooms 30ft 2 bedroom static caravan with kitchen, bathroom,lounge with dining area and gas fire Oportunity to purchase 20 acres of forestry and river bank with salmon fishing rights on both banks of the River Mawddach for 2 miles also a hydro electic scheme is proposed.

Location
Ferndale is located in an outstandingly picturesque setting above the banks of the River Murdoch, seven miles North of Dolgellau in the heart of the Snowdonia National Park. This traditional self-catering accommodation business is set within 20 acres of forest and mountain terrain within the nationally acclaimed Coed-y-Brenin Forest Park. The area is a haven for outdoor pursuit’s enthusiast’s all-year-round, and in particular mountain biking, walking and corporate challenges. Catering for all ages and abilities, the surrounding countryside offers fantastic mountain biking and walking trails with the newly opened Coed-y-Brenin Visitors Centre a short walk or ride away. Within a short distance is the Cadair Idris mountain range .The area is renown and popular all year round with tourists with historical sites, castles, miniature railways, slate caverns and golf courses. Ferndale is near the historic market town of Dolgellau and the coastal towns of Barmouth and Fairbourne, with their acclaimed sandy beaches, just a short drive away

Expansion potential
There is a massive opportunity to expand the business by utilising e-commerce to advertise the facilities. There is also potential to increase the capacity of clients staying by adding more bed spaces. Also expansion of the very small refreshment facility existing now. Financial assistance for purchase and expansion is available via the Welsh Assembly grants.

Competition / Market
Ferndale is in a prime position in the middle of the famous Coed-y-Brenin forest with mountain bikers and walkers visiting the newly built Visitors Centre using routes and footpaths which pass Ferndale and pass through Ferndale land.The famous Pistyll Cain waterfall is within the curtilage of Ferndale land. No other accommodation business in the area has the captive audience Ferndale has. A small refreshment facility is in operation for the passing trade. There is massive room for expansion.

Support & training
The owners will be available to help and advise.

Reasons for selling
Retirement