Hilton Smythe is delighted to welcome to the market this well established and very popular hotel, restaurant and fish & chip business, set in the market town of Talgarth, Powys.
The business was established by our clients’ in 2006 and is only now being offered to the market due to our clients’ personal reasons. The business operates all year round and generates a turnover in the region of £307,000 as per 2016 accounts, with a good gross profit of approximately 48%.
Our clients offer a variety of services including a well-stocked bar, which is open to the general public and residents, a comfortable lounge area, a dining room, a brand new commercial kitchen and a one bedroom flat, which is located in the basement and some of the best surrounding views in Wales. The property was built in the 1700’s and the interior has been fully refurbished to a very high modern standard.
To the side of the property is an award winning fish and chip shop, which is included in the sale and is the only one within a 10 mile radius. The shop boasts a good size waiting and service area, as well as a preparation room to the rear.
The Castle Hotel offers 5 guest bedroom, which are very welcoming, clean and comfortable, furnished with modern décor and amenities, including tea/coffee making facilities, complimentary shampoos/soaps and free Wi-Fi. Each room is en-suite with a shower or shower and bathroom combination. Also included in the sale is owner’s accommodation.
The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. The business boasts excellent reviews on the popular website Trip Advisor.
We feel there is scope to increase the turnover by utilising the commercial kitchen and opening the restaurant area to the general public for pub lunches and evening meals. A new owner could also embark on a modest marketing campaign to highlight the excellent accommodation and services offered. The business already has a very informative website available, which incorporates online booking facilities at www.talgarthhotel.co.uk.
This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
The Castle Hotel occupies substantial three-storey premises, ideally located within the town of Talgarth in Powys, mid Wales. The business is situated on the very busy Bronllys Road (A479), which is one of the main roads leading through the town, therefore generating a vast amount of footfall and passing trade. The property benefits from good parking facilities with a car park to the side of the building for approximately 12 vehicles.
Talgarth is a small market town in southern Powys, mid Wales. According to the 2011 census, the town has a residential population of 1,724. The town, which was once the ancient capital of the Welsh kingdom of Brycheiniog, offers spectacular views of the Black Mountains, which form part of the Brecon Beacons National Park. The area is very popular with visitors and tourists, offering a range of activities including hill walking, mountain climbing, horse riding and pony trekking to name a few, making the hotel an ideal base in which to stay.
Haye-on wyre is close by this location. The town is well known for holding big events and yearly festivals. These events bring in a huge amount of trade to the area, which benefits all businesses in this location.
The area is served by the public transport system, with bus stops within walking distance of the property. The nearest railway station is at Builth Wells, which is approximately 15 miles away. The area is well served by the A-roads, with the business being located on the A479, which links to the national A-road and motorway networks. Brecon is approximately 10 miles away and Hereford is 29½ miles away.
Substantial three-storey premises, which incorporates a fully licenced bar, 5 guest bedrooms and an award winning fish & chip shop, briefly comprising:
Lower ground floor with:
Brand new stainless steel commercial kitchen with a dumb waiter and extraction unit.
Flat with living room, bathroom and a double bedroom.
Ground floor with:
Public bar area.
Breakfast/restaurant area with 20 covers to the right
Second public and residents bar area with games area and further seating.
4 x double en-suite guest rooms.
Self-contained bedsit which incorporates a kitchen, living and sleeping area.
Second floor with:
Large family room with en-suite.
Fish & chip shop with:
Waiting and service area.
Two pan range.
Preparation area with chipper, rumbler, chest freezer and 5 x burner cooker.
Large beer garden to rear with children’s play area and smoking shelter.
Large car park to side of property for approximately 12 vehicles.
The property boasts internal CCTV and is fully alarmed.
We are advised Freehold.
The business operates all year round.
The business is owner run and managed with 2 x full time staff members.
The business operates all year round and generates a turnover in the region of £307,000 as per 2016 accounts, with a good gross profit of approximately 48%.
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