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Snowdonia Hotel and Restaurant
Price:
Freehold - £759,999
Location:
Wales, Gwynedd, Barmouth
Business Type:
Commercial Property, Food Service Businesses, Hotels
Preferred Commercial is delighted to offer for sale this substantial, detached hotel and restaurant, which was established in 1947 and which has been operated by our clients since 2007. The business is only now offered to the market due to ill health. The property was originally built in 1892 as a family home for a famous gunmaker from Birmingham. The premises are in excellent decorative order and have been recently refurbished including a new boiler, electrics and central heating. There are eleven guest bedrooms, all with en-suite facilities and many with sea views. The property also boasts an impressive reception hall, lounge, conservatory bar, restaurant, catering kitchen and owners' accommodation. There is a staff residential area with three bedrooms, lounge and bathroom. The hotel is open for eleven months of the year, currently closed in January. Under the current owners, the hotel has seen sustained year-on-year growth of between 15-17% with a gross profit of approximately 75%. The business has a quality web site in place with extensive information on the history of the hotel along with details about the available facilities, location and contact details. Ty'r Graig Castle is graded 4-Star guest accommodation and until last year had a licence to hold civil wedding ceremonies. This was allowed to lapse by the current owners. We feel the turnover could be further improved by renewing the wedding licence, further establishing the restaurant as destination dining for the local community in the evenings, offering Sunday lunch and a lunch time menu. The new owner could, if desired, open the hotel during the month of January, which would provide additional income. This is an ideal lifestyle change opportunity, offering the new owner a striking property with an already successful business, which has further potential for growth. Early viewing and negotiations with Preferred Commercial must come highly recommended.
Ty'r Graig Castle is situated in a stunning location, set between the mountains and the sea overlooking Barmouth, Gwynedd. The imposing building has uninterrupted sea-views and benefits from a large car park and a private wooded area. The business has easy access to Barmouth town centre, where there is a wide range of amenities including shops, bars and restaurants. Barmouth is located on the edge of Snowdonia National Park, which is popular with tourists and which offers a variety of outdoor activities including walking, climbing, fishing and cycling. The area is easily accessed by a number of A-roads.
Prominent, turreted property with patio area, ample car parking and private wooded area situated in cliff-top location. Briefly comprising:
Ground Floor
• Entrance hall with sizeable wooden doors, carved wood panelling, stained glass windows, tiled floor and fireplace with wood burning stove
• Lounge with moulded plasterwork ceilings, large Victorian fireplace, comfortable seating and bay window with sea views
• Conservatory bar suitable for approximately 16 covers, wooden bar servery, sea views
• Restaurant with moulded plasterwork ceilings, large Victorian fireplace, tables and chairs for approximately 24 covers and bay window with sea views
• Commercial kitchen with tiled floors, extraction unit, stainless steel worktops, dishwasher and associated equipment
• Laundry room with washing machines, tumble dryers and shelving
• Office
• Storage room with chest freezers
• Wine cellar with wrought iron gate and wooden racking
• Owners' accommodation incorporating galley kitch
North Yorkshire
£ 750,000
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Business Services that may be of Interest:
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