17 Letting Room Hotel, Restaurant & Public House In 12 Acres Of Land for Sale
Freehold : £ 999,999
Turnover : £ 7,692 p.w.
This exceptional hotel is located in the village of Wooden, Pembrokeshire. The business is located within close proximity to various amenities such as breathtaking beaches, bustling harbours, art galleries, theme parks, animal parks, golf courses, riding stables, castles, museums, agricultural shows, fishing, sailing and island visits. Oakwood Theme Park, Folly Farm, Heatherton Activity Centre and the Dinosaur Park are all very close by. The location offers off road parking and there are bus services every hour to Saundersfoot Village, Tenby, Narberth, Haverfordwest, Pembroke, Pendine and more. The business is easily accessible as it has road links to A477, A40 and the A478 to name a few.
17 LETTING ROOM HOTEL, RESTAURANT & PUBLIC HOUSE IN 1.2 ACRES OF LAND
Advised annual turnover of £350,000 with a gross profit of 64%
Situated in the coastal village of Wooden, Pembrokeshire
Vendor has had solar panels installed for electricity
Purpose built 2 bedroom wooden chalet for staff
Extra income from Biomass Fuel System
Recently refurbished to a high standard
Owners 2 bedroom self contained flat
Early viewing is highly recommended
3 bedroom management cottage
Reason for sale: Due to retirement
All rooms are en-suite
Meridian Business Sales are delighted to offer for sale this exceptional 17 letting room hotel and public house which was established by our clients 4 years ago. Our clients have owned the company for 11 years prior to the hotel this was a squash court leisure business. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since the business was established they have undertaken a full programme of refurbishment transforming squash courts into a well presented 17 letting room hotel and public house meaning that the business is in full walk in condition. Our clients inform us that annual turnover currently runs at £350,000 with a gross profit margin of 64% which is derived from offering 17 letting bedrooms decorated to the highest standard with modern en-suite bathrooms, a 40 cover restaurant and free of tie public house offering a wide range of beers, wines and spirits, all of this was fully refurbished just 4 years ago. Our client currently employs 12 full time and 30 part time members of staff. The hotel is extremely popular due to its' location in the business district and its forward bookings run well into 2012. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long. Our clients advise that they have recent had a Biomass Fuel System installed, which will dramatically reduce their energy bills instantly and they will also receive payment from he local government for implementing this system. They will receive don average £9,500 per year which is paid quarterly, so this can be added to the current turnover.
||Detached 3 storey property, recently refurbished to a high standard with up to 1.2 acres of land, briefly comprising:
Secure entrance leading to
Main reception/welcoming area with small office to the rear of counter
Breakfast room with high back leather chairs and traditional tables for 40 covers and access to kitchen
Commercial kitchen with full extractors, fryers, 6 burner stove, griddle & grills, stainless steel preparation tables.
Preparation area with shelving and work surfaces and wet room for washing cutlery etc.
Main bar/restaurant with traditional bar servery, tables & chairs for 100 covers and access to garden area.
Ladies & gents toilet facilities
4 double bedrooms with en-suites
2 twin bedrooms with en-suites
1 disabled bedroom with full m.doc
Managers flat briefly comprising of:
Fully fitted kitchen
3x twin bedrooms with en-suites
2x family bedrooms with en-suites
1x single bedroom with en-suite
1x twin bedroom with en-suite
3x family bedrooms with en-suites
Front lawned area with mature trees and driveway
Car park for approximately 70 vehicles
Patio area with ample dining tables and chairs for 100 covers
Self contained cottage connected to the hotel comprising of:
Fully fitted kitchen
(currently used by management)
Detached wooden chalet, briefly comprising:
Fitted kitchen and lounge/dining room
(This was purpose built to be used by staff members)