Restaurants for sale in Llandudno

View the "Established, high street, 60 cover restaurant in top UK coastal resort. Near hotels, B&B's & Llandudno Pier. Reduced to sell." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £49,500 Price Reduced Annual Turnover: £200,000
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Business Description
One of Llandudno's oldest established restaurants. Currently a 60 cover setup located on first floor with 4 floors to expand to over 100 covers. Full liquor and restaurant licenses, a 5 Star hygiene rating and well known business offering the largest exotic menu North of London. Turnover has increased every year and has doubled in past 4 years, with further growth projected. Consistently in the top 10 of 160+ ranked restaurants - by reviewers on TripAdvisor and Opentable. All equipment new or serviced since purchase, restaurant prides itself on a 5 star hygiene rating, and established brand and multiple internet domain names including cambridgemostyn.com, cambridgemostyn.co.uk, cambridge.wales and cambridge.cymru. Restaurant also offers a unique reservation system incorporated into Facebook and TripAdvisor, as well as a large number of websites. Includes established Twitter and Instagram social media accounts with large following.. Substantial seasonal and additional online reservations trade from visitors to North Wales from England and Europe, and it enjoys of course - a fantastic high street footfall. Well supported by locals during off-season, with Llandudno being busy throughout the year as one of the UK's top seaside destinations. Preferred restaurant for Manchester and Liverpool based day tour companies.

Suitable for day trade and evening trade, also hosting tour groups, golfers and has an established relationship with local B&B's, Hotels and holiday lettings. Currently themed as a Welsh International restaurant, this restaurant could be adapted to suit a variety of trade. Substantial storage areas, over 15 commercial and domestic freezers over four floors, substantial WC;s for Ladies and Gents as well as a staff room and cleaning room on a mezzanine floor, a walk in cooler room, dry stores and laundry room, secured outside bin area with CCTV, and a substantial upper floor office being the same size as the main restaurant floor. Ideal for further expansion. Kitchen and a separate scullery area with integrated commercial dishwasher and the kitchen is well equipped with over £30K spent on equipment and servicing since 2013. Kitchen equipment a combination of electricity and gas. Rateable value reduced to below £10k in 2014, to benefit from small business relief. Low equipment maintenance and replacement costs due to new equipment and effective maintenance and cleaning by current owners.

Restaurant furniture is solid marble with a combination of leather and wooden robust chairs. Recently re-carpeted restaurant, and entire building re-wired with modern emergency lighting and well lit restaurant areas. Recently installed a 7 camera internet accessible CCTV system, a new PA and 1000W Music system and energy saving LED lighting.

Owner reluctantly selling due to Legal career commitments in London in 2017/8. Balance of lease available together with the option for long lease renewal. Excellent landlord, local businessman with a good reputation. Business I'd advertised with city agents, and this opportunity may be snapped up elsewhere. Act soon to secure your interest.
Trading Hours:


Summer 12am - 10pm 7 days.
Winter 5pm - 9pm 4 days, Sunday 12am - 7pm

New owner could extend trading to include 12am - 10pm, 7 days a week, or split shift hours to suit.


Number of Employees: 5-10

Tenure: Leasehold

Support & Training:

Handover support offered to incoming owner by negotiation. Current menu is large & modular, can be adapted to local Welsh,traditional English, International, African and Exotic fare. Current suppliers available to ensure continuity during handover.

Location Details:

Superbly located at the top end of Mostyn High Street, next to public car parks, auto-tellers, banks, mini supermarkets a brand new Travelodge hotel and 100+ of the best hotels and B&B's Llandudno has to offer. Located within a stones throw of a taxi rank, the restaurant is just 10 minutes walk from the train station and 2 minutes walk from Llandudno Pier. It's all about location in Llandudno, and this business enjoys the top end of town enjoyed by tourists and visitors to the region. Just 10 minutes drive from Conwy harbour, and 25 minutes into Snowdonia National Park.

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