Asking price: £345,000

Sales revenue: £220,000

Net profit: 0 - £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The Castle Inn is in the residential and tourist village of LLansteffan, on the estuary of the river Towy and only 7 miles from the important town of Carmarthen with all of its amenities. It is a residential village with a caravan site open from March to October and all year round self catering /b&b boosting substantial local trade.
The present owners purchased the property in 1988 with a view to retiring in 2008. There have been only 4 other proprietors since before the second world war and there is plenty of history before then.
Easily managed with an open trading area in three sections separated by arched walls. Bar servery with catering kitchen adjacent.
Energy Performance Certificated 'D' Rating
Price £345000
PROPERTY
Solid stone walls under a slate roof which has been recently restored. Modern double glazed windows. Oil central heating and hot water.
Premises licence on display.
Bar area at the servery at present serving adults only.
Two areas away from bar suitable for families and diners.
Additional terrace at front seating over 50.
Ground floor cellar with python system maintained by breweries.
Cellar cooling equipment privately owned.
Ladies and gents WCs.
Catering kitchen with stainless steel worksurfaces and shelving.
Mains water and electricity.
RV £7800.
Turnover to May 2011 £223.000, May 2010, £206.000, May 2009 £206.000,
LIVING ACCOMODATION ABOVE.
3 Double Bedrooms
Large Lounge
Bathroom.
Room formerly kitchen/utility
Dry Storage Area

Years established: Over 150

Employees: 5 part time

Trading hours: At present 12am to 11pm except fro Wednesday 4pm to 11pm and Friday and Saturday to 1am. Catering 12 to 2.30pm and 6 to 9pm except for Wednesday ( not open lunch time)

Property: Freehold

Location
Unopposed in center of residential estuary village with Norman castle and sandy beaches.

Expansion potential
Potential for opening from 9am most of the year and food all day during the long tourist season.

Competition / Market
Hotel next door has been closed for three years and is shortly to reopen as a respite care home.

Support & training
Vendors have a home in the village so will be available in case of teething problems in the first instance.

Reasons for selling
Retirement