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Established Hotel/Guest House - Llandudno For Sale

Conwy, Clwyd, UK
Asking Price:
£380,000 Furniture / Fixtures included
Sales Revenue:
£59,865
Cash Flow:
Available on request

Short Distance From Beach Front
1st Year Annual Turnover £59,865
2nd Year Projected Turnover £84,000
2nd Year Projected Gross Profit £64,000
Full Financial Information Available After Viewing
Fully Licenced Bar and Hot-tub
2 Bedroom Owner Accommodation Above
7 Guest Rooms
Brand New Website Launched July '19
Recently Refurbished Throughout
Free Parking In Immediate Area
Close To Llandudno Train Station
Owner Operated / No Staff
Fantastic Online Reviews
Scope For Public Restaurant Opening
Potential To Introduce Afternoon Teas
£15,000 of Advanced Bookings for 2020
EPC – D

REF 6996 – Freehold Hotel/Guest House

Blacks Brokers are pleased to bring to the market this freehold hotel/guest house located in Llandudno, Clwyd.

INTRODUCTION

Cadnant Guest House has been operating since believed to be 1891 and our client took ownership 2018 to develop into the stunning hotel it has now become. The hotel is very well known and having recently undergone refurbishment, it is becoming more and more popular. Cadnant Guest House has a strong base of regular customers in place as well as benefiting from a huge amount of holiday trade due to this excellent seaside position. Our client has also ensured the business has an excellent reputation with a five star hygiene rating and exceptional reviews noted on Google, Booking.com and Trip Advisor.

LOCATION

Cadnant Guest House occupies a main road trading position within a beautiful parade of Victorian town houses. The area is densely populated residentially and commercially with neighbouring businesses including other independent hotels, pubs and restaurants as well as large multiples such as Sainsburys. Llandudno Pier and the sea front is within a short walking distance. The area is well linked by the A470 with good public transport links and parking is available immediately outside the property.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator, our client purchased this hotel with the intention of refurbishing in order to develop the business. This project is now complete and the business is ready to be offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

STAFF

The business operates with our client and partner only in employment. Hire of additional staff such as cleaners and chefs could allow the business to expand further.

FINANCIAL DETAILS

Cadnant Guest House has traded solidly since opening and our client has established a strong repeat customer base. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is a long established and very well known hotel which occupies a superb trading position and has recently undergone thorough refurbishment. There is scope to develop the business further with the introduction of additional staff to lighten the workload, further improving reputation and word of mouth recommendations. A strong marketing drive particularly online could also be very beneficial and as noted above, the dining room could offer new opening in the evenings and for additional services such as afternoon tea. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Freehold

Contact Information

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