Hotels and Motels for sale in Llandudno

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Popular Hotel With Owner Accommodation - Llandudno

Llandudno, Conwy, Wales

  • Freehold Price: £575,000
  • Annual Turnover: £105,209
  • Annual Gross Profit: £76,198
Seller Reference: 6737
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Business Description
 
 
 
 
 
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Seller Reference: 6737
Request Details
Business Description
8 Double Rooms, 2 Single Rooms & 1 Family Suite
2 Bedroom Owners Accommodation
Fantastic Online Reviews
Annual Turnover £105,209
Gross Profit £76,198
Accounts Available After Viewing
Rental Income of £16,250 Per Annum From Restaurant Let
Family Run Business
EPC - F
REF 6737 – Popular Hotel With Owner Accommodation - Llandudno

Blacks Brokers are pleased to bring to the market this substantial 11 bedroom hotel, which is close to the promenade and many tourist attractions in the busy tourist destination of Llandudno.

INTRODUCTION

Our client has been in ownership of the hotel since 2006 and the business has traded steadily over that time. The business is traditionally an 11 bedroom hotel however our client recognised an area of growth and now offers the holiday as a holiday let as there are only a few properties in the area who can accommodate large groups. In 2018 bookings for hotel and holiday let were split evenly currently the demand for holiday let far outstrips that for the hotel business with substantial bookings into the future.

LOCATION

Llandudno is a seaside town in Conwy, North Wales and is the largest seaside resort in Wales. By car the A55 coastal expressway links seamlessly with the motorway network form the North West. From the Midlands and South of England use the M6,M5 and M1. By rail there is a direct service to Llandudno.

REASON FOR SALE

After owning the business since 2006 our client has decided to move out of the industry to explore other business interests.

LEASE

The property is freehold.

STAFF

The hotel is a family run operation.

FINANCIAL DETAILS

Using the building as a holiday let could generate £900 per day if fully occupied.

The 36 cover fully licensed restaurant on the lower ground floor is currently tenanted. Our client receives an income of £16,250 per annum on a 15 year FRI lease that started in 2011. The lease has no break clause.
Potential income from the hotel if all rooms were occupied could be as much as £500,000 per annum. Currently when the hotel is fully occupied .
Current turnover as verified by the 2018 accounts show a turnover of £105,209 which represents a 12% growth on 2017 with a gross profit of £76,198 and a strong net profit of £45,485.

SUMMARY

The hotel is highly rated on hotel booking sites such as trip advisor and the feel overall is welcoming and traditional. The business would ideally suit a buyer who is looking to relocate to this part of the country and look pushing the business forward. Our client has carved a niche in the area with the holiday let business model and corporate clients have now shown interest for corporate training days and team building sessions, this is an area that or client sees good growth as an alternative to the traditional customer type.
Tenure:
Freehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The versatile guest accommodation includes:
8 x Double Letting Rooms
2 x Single Letting Rooms
1 x Family Suite with 2 Bedrooms and Shower Room.
The owner’s accommodation has 2 bedrooms and a shower room. There is a conservatory with access to the garden with seating and decked areas plus hot tub.

Ground Floor
Hotel Reception with laminate flooring with a door leading into the Guest Lounge leading into the fully licensed bar with part wood panels and WC.
The Main Hall has stairs from the Reception Hall to the upper levels. There is a private lounge. There is a 20 cover dining room and fully fitted kitchen and prep room. Guest Room [1 ] is also situated on this ground floor.

First Floor
Guest Room [2] and [3] - Double rooms with en suite
Second Floor
Guest Room [4] single room with en suite Guest Rooms [5],[6],[7] - double rooms with en-suite Stairs leading half landing leading to owners 2 bedroom private accommodation with lounge and shower room.
Third Floor
Guest Room [9A] - Single room, Jack and Jill bathroom leading to Guest Room [9] - Double room Guest Room [10] - Double room with en-suite
Guest Room [11] - Double room
Fourth Floor
Guest Room [12] Family Suite with 2 bedrooms
The building benefits from car parking for up to two cars.

Location Details:
Llandudno
Listed by:
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