Short Distance From Beach Front
1st Year Annual Turnover £76,068
2nd Year Projected Turnover £80,000
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 – DREF 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. Fixtures:
Fridge Under Bar
Pumps & Equipment
All Bedrooms, dining room, bar and kitchen fully fitted with everything needed to run a turn key business.
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Cadnant Guest House operates from three out of four floors within this stunning Victorian town house. The fourth floor is a self contained owners accommodation which has also been fully renovated and is presented to a very high standard. Also to the rear there is a large hot tub with a cover.
The business has branding and signage in place to the front of the property which is accessed via a lovely patio area with seating for four. Inside, the ground floor comprises of a welcoming reception, main dining area, bar and lounge area, professionally equipped kitchen and utility room. Externally there is a private terrace area with luxurious hot tub.
The first floor comprises of one family room with private en-suite facilities, one single room with a private bathroom and one twin/super king room with private en-suite facilities. All are beautifully presented.
Within the second floor are four double rooms, each room features a comfortable double bed, an en-suite bathroom with shower, and ample storage.
Finally, the owners accommodation is located within the third floor. As mentioned above, this is self contained and comprises of two bedrooms, bathroom with bath and separate shower, kitchenette and an open plan living room/dining area. If a new owner does not require this living accommodation, it could be added to the hotel accommodation as a two bedroom executive apartment.