Advised annual turnover of £350,000 with a gross profit of 64%
Situated in the coastal village of Wooden, Pembrokeshire
Vendor has had solar panels installed for electricity
Purpose built 2 bedroom wooden chalet for staff
Extra income from Biomass Fuel System
Recently refurbished to a high standard
Owners 2 bedroom self contained flat
Early viewing is highly recommended
3 bedroom management cottage
Genuine reason for sale
All rooms are en-suite
Meridian Business Sales are delighted to offer for sale this exceptional 17 letting room hotel and public house which was established by our clients 4 years ago. Our clients have owned the company for 11 years prior to the hotel this was a squash court leisure business. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since the business was established they have undertaken a full programme of refurbishment transforming squash courts into a well presented 17 letting room hotel and public house meaning that the business is in full walk in condition. Our clients inform us that annual turnover currently runs at £350,000 with a gross profit margin of 64% which is derived from offering 17 letting bedrooms decorated to the highest standard with modern en-suite bathrooms, a 40 cover restaurant and free of tie public house offering a wide range of beers, wines and spirits, all of this was fully refurbished just 4 years ago. Our client currently employs 12 full time and 30 part time members of staff. The hotel is extremely popular due to its' location in the business district and its forward bookings run well into 2012. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long. Our clients advise that they have recent had a Biomass Fuel System installed, which will dramatically reduce their energy bills instantly and they will also receive payment from he local government for implementing this system. They will receive don average £9,500 per year which is paid quarterly, so this can be added to the current turnover.
This exceptional hotel is located in the village of Wooden, Pembrokeshire. The business is located within close proximity to various amenities such as breathtaking beaches, bustling harbours, art galleries, theme parks, animal parks, golf courses, riding stables, castles, museums, agricultural shows, fishing, sailing and island visits. Oakwood Theme Park, Folly Farm, Heatherton Activity Centre and the Dinosaur Park are all very close by. The location offers off road parking and there are bus services every hour to Saundersfoot Village, Tenby, Narberth, Haverfordwest, Pembroke, Pendine and more. The business is easily accessible as it has road links to A477, A40 and the A478 to name a few.
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