Business for sale

Business description

An outstanding and picturesque award winning pub ideally located on the busy main road leading south from the royal town of caernarfon

An impressively proportioned country pub requiring an enthusiastic lessee to continue this thriving business which is offered at a most realistic asking price of £119,000 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*T/O £800,000 + inc vat year after year – split approx 50% Wet (500+ brewers barrels), 50% Dry – £80,000 recon net profits

*Charming Restaurant (70), Lounge (20), Front Bar (20+vertical), Games & Pool Room (20+vertical)

*Lovely external areas, Garden (40) with separate play area, Riverside patio with benches (18), Front patio (12), Parking (42)

*Pleasant 2 double bed, 1 single bed owners accommodation

*Well established regular custom base plus exceptional passing trade

*3 year rolling & protected lease, renewable at no further cost, Partially Tied

LOCATION (LL55 2UG)
On the edge of Bontnewydd Town, located on the busy Pwllheli Rd (A487) 2 miles from Caernarfon, this business enjoys significant local trade and as much passing trade as one can cope with.

The Royal town of Caernarfon is dominated by King Edward 1st impressive medieval fortress by the sea with a massive gatehouse, huge polygon shaped towers, stone eagles and banded masonry – a World Heritage Site.

Caernarfon’s Royal connections go from ancient Celtic chieftains to the present day, with the investiture in 1969 of Prince Charles as the present Prince of Wales.

Caernarfon has everything for the visitor – craft shops, fine restaurants, guest houses and hotels, a fun centre, a golf course and indoor swimming pool and sports facilities at the leisure centre.

Caernarfon is a town of contrasts: a busy market town, a major tourist centre, the county town of Gwynedd and a major local commercial and administrative centre.

A short drive away is the Snowdonia National Park with its breathtaking beauty and fantastic scenery boasting the highest mountains in England and Wales.

PROPERTY DESCRIPTION
Part grade ii listed building with pitched slate roof, this wonderful property has been tastefully extended over the years to enhance its natural beauty and accommodate the ever increasing trade.

Restaurant (70) dark wood contemporary furniture with open beamed ceiling tastefully decorated and carpeted to generate a warm & friendly atmosphere. Grand wooden windows overlook the riverside. Shelving displaying the large wine selection and brick faced feature fireplace greet you as you enter.
Lounge (20) upholstered stools and pews to polished tables on carpeted floor provide additional drinking/dining area.

Front bar (20 + vertical) split room with open beam ceiling and upholstered bench seating and stools, darts and games machine. Central brick faced through fire and tasteful decorations. Games & pool room (20) upholstered pews and stools surround brass topped tables with flat screen tv.

Central bar servery is l-shaped constructed of polished timber with a good selection of real ale hand pulls and bright ale pumps.
Ladies & gents toilets are to ground floor and accessed from the hallway.

Excellent catering kitchen hosts a full range of quality professional catering equipment with walk in refrigerator, walk in freezer and separate dry goods larder.

Beer cellar is large, fully equipped and very well maintained with lots of storage space.

OWNERS ACCOMODATION
Comprising Master Bedroom with fitted wardrobes and 1x Double bedroom both with views to the front, 1 x Single with skylight all well maintained with recently carpeted floors.

Fully equipped kitchen/diner, family bathroom, living room and small garden courtyard to the rear.

EXTERNALS
SUPERB REAR GARDEN & PLAY AREA (40+) An array of benches set in stone bays on the grassed area to the rear adjacent to the secure and separate children’s play area with climbing frame.

RIVERSIDE PATIO with wooden benches to the side of the property (18), FRONT PATIO (12) surrounded by flowers.

A storage building to the rear also houses showers for the sponsored local town football team.

On site parking for around 42 vehicles to the rear.

PREMISES LICENSES
We are advised that, the premises license allows for 11-00 – 24.00 Mon-Thurs, 11.00 – 24.30 Fri/Sat, 11.00 – 23.00 Sun. and the business currently trades as per licence.
A personal license will be required and our training associates can assist with this for you.

TENURE
The business is held on a rolling 3 year assignable lease, commencing Nov’c06, from SCOTTISH & NEWCASTLE PUB ENTERPRISES with a rent payable of £70,000 (includes domestic & insurances) and is PARTIALLY TIED with FREE OF TIE for Wines, Spirits and Minerals. The lease is fully renewable at its end, with Landlord & Tenant Act Protection, at no further cost and under no less favourable terms. Repairs are limited to internal only.

SERVICES
We are advised that business rates payable are circa £30,000 per annum, and the inn benefits from mains electric, water and sewage with LPG central heating.

THE BUSINESS
Our clients have owned the Business since Nov’03 but live away, travelling in as required, and acknowledge that an enthusiastic couple/family living on site would make an even greater impact to the sales, wage bill and hence net profit.

The Pub enjoys huge popularity with the local public and business trade, with the busy tourists providing ‘the icing on the cake’.
They have also won ‘Best Food Pub in N.Wales’ at the Warm Welcome Awards.

Due to personal circumstances and other business commitments our clients have agreed to the Sale of this substantial business.

Our clients are consistently experiencing sales over £800k inc. vat, on a split of approx. 50% Wet to 50% Dry with a Recon Net Profit circa £80k+.
A new “hands on” owner, possibly living on site, could reasonably expect to grow sales to over £1 million with a net profit well into SIX FIGURES.

This is a fantastic opportunity to fully capitalise on the true potential of an already thriving business.

Accounts information will be made available to interested parties after viewing.

Ref: W4320L