Business for sale

Business description

Exceptional country inn within “jaw dropping” locale of the black mountains to the heart of the brecon beacons national park adjacent 12th century norman castle.

Probably the best freehouse on the market within the national park a locale of outstanding historic significance and unsurpassed natural beauty offered at £650,000 freehold to include fixtures and fittings, goodwill plus s.a.v.

*Rising Multi functional sales of £246,750 inc vat split 50% wet to 35% Dry and 15% other income – above £65,000 Net Profits

*Cosy snug & bar with roaring log fire (26) – beamed ceiling lounge (44) -games room (12) – 3 star guest bedrooms(4) – well presented heated “bunkhouse”

*(sleeping 22 in two rooms)+ 6 bed separate bunkhouse

*Large camping field – 2.9 acre total site – 2 car parks (50)

*Owners modernised 2 bed roomed accommodation

*Beautiful terraced beer garden with outstanding views – timber benches to front

*An ideal private purchase where quality of life style and location are of paramount importance or useful corporate acquisition

LOCATION (LD3 0EP)
Pengenffordd has provided an important route across the black mountains for thousands of years. The pass was created during the ice age when glaciers gouged impressive valleys into the mountains.

The hill fort of castell dinas was a strategic point on the pass in the iron age and in the 12th century the normans built a castle on this natural viewpoint and is believed to be the highest norman castle in wales. The mountains are a protected wildlife site and home to many varieties of mooreland birds and plants.

The inn is named after the ancient fortress, which lies right behind the property at the top of an unspoilt valley within the brecon beacons national park providing a “honeypot” for walkers and visitors to the park enjoying the area as a “playground” for mountain bikers, hikers, gliding, trekking and canoeing, facilities of which are all on the doorstep of the inn as are the centres of brecon, abergavenny & hay on wye.

Indeed activities galore for those who enjoy the great outdoors wishing to escape life’s everyday tumble and turmoil and wish to enjoy the relaxing atmosphere of an old welsh coaching inn sitting in front of a large log filled dog grate enjoying good food , real ales and the tales of the mountains, then falling into bed with dreams of hardy welsh sheep and hill ponies grazing on the ascending unspoilt valley side.

For those of a more gregarious adventurous nature a favoured option may be of a night or two with a group of like minded friends (very popular with groups of barristers etc) enjoying the “crack” and bedding down in the comfortable warm well equipped bunkhouse(s) or camping on the richly grassed camping site bracing an early morning shower with fresh mountain spring water (heated of course), the “fountain of youth” is at your command !!!

How to find the inn…..it is situated in the county of powys on the eastern side of the national park on the a479 between cwmdu & talgarth, tucked under castle dinas. Let this steal your heart

PROPERTY DESCRIPTION
This is without doubt one of the finest freehouses on the market within powys and the brecon beacon national park. Set on 2.9 acres, the inn which is just over 200 years old, is completely detached, of mixed local stone and brick construction under pitched welsh slate roofs. Snug & bar (26 + vertical drinkers) by its definition is a most popular spot to unwind in front of a smoked brick fireplace with large log burning dog grate inset.

Many “tales of the mountains” have passed from locals to visitors enjoying the atmosphere sat on local timber pew style benches and chairs set to polished tables. Lounge/diner (44 plus vertical drinkers) has a low beamed ceiling and fixed perimeter seating and chairs to polished dining style tables. Games room has a pool table and pub games.

Deep set windows provide plenty of natural light with the warming sun dancing through their pains providing inspiration and a welcome to all who visit. Central bar servery has a panelled front and polished top with real ale wickets and bright beer pumps (camra listed), providing a focal point for this very relaxed hostelry. Beer cellar is chilled. Catering kitchen is fully equipped with commercial units and has plenty of storage space.

Well presented ladies & gents toilets are to the rear side of the trading rooms.

Letting guest rooms & bunkrooms
bed & breakfast accommodation within the main pub is to good 3* level with 4 bedrooms and single, twin, double and family occupancy can be catered for. 3 Rooms are en-suite and the family has private facilities – total sleeping of 10 guests. All rooms can be described as “pleasant” to stay in and have wonderful power showers supplied with fresh spring mountain water.

Bunkrooms provide for a further opportunity and the second room has only just come on call. Located within the 200 year old stone barn, the trekker’s barn is divided into 2 rooms, firstly, a room with 6 double bunks sleeping 12 and the 2nd with 5 double bunks sleeping 10 (fold-up beds are also available for larger groups).

The rooms are equipped with chairs and tables, newly carpeted, and fully central heated. Each side has two private well presented ”wet rooms” with great powerful showers jetting out warm spring water. With a 3* group accommodation rating, the bunk rooms are popular for groups of similar minded people and has grown in favour with teams of barristers, training companies, reunions, stag or hen parties etc. They are not let self catering and breakfast is provided for guests. There is ample parking for cars, minibuses and mountain bikes. A further newly added smaller ‘but cuter’ bunkroom has just been added with 6 beds.

CAMPING PARK
Adjacent to the Inn with spectacular views of the Black Mountains and surrounding hills a large ridged field provides a popular stop off for campers and has good quality wash and WC facilities for campers who tend to use the food and beverage offered by the Inn. (no limit on capacity of numbers)

OWNERS ACCOMMODATION
This comprises of 2 bedrooms, lounge, bathroom and has smashing mountain views. A courtyard is retained for private use by the owners but could also easily be introduced for public use.

EXTERNALS
This delightful hostelry is set on around 2.9 acres and along with the camping field has some delightful outside areas used for drinking and eating, set to the side of the Inn on a terrace style layout with outstanding views from its timber benches and tables which are also set to the front of the property. Parking is available for above 50 vehicles on 2 car parks one of which is used by trekkers etc when visiting the old castle.

PREMISES LICENSES
The business trades on hours of Monday through to Friday, closed all day until 6pm staying open until 11pm with Saturday & Sunday seeing hours of 12 noon till 12 midnight. The Premises License allows for opening 12 noon till 12 midnight Sunday to Thursday with 1am available on Friday & Saturday This provides an enormous opportunity for all day trading if so required.

A Personal License will be required and our training associates can assist with this and any other licensed trade training and support required.

TENURE
We are instructed to offer the property and business for sale as COMPLETELY FREEHOLD.

SERVICES
We are advised that the business has mains electric connected with septic sewage, central heating by Oil, cooking by LPG and water provided by the mountains and its steams. Business Rates payable are £996 pa

THE BUSINESS
Our clients have run this business to their own “pace” for 3 years and have spent a large amount of time and effort developing the property and its facilities to become the multi-faceted business that is now so well presented. Sale to March 2007 show £264,750 inc vat @ 17.5% (currently on the 5.5% scheme) with a sales mix of 50% Wet (around 140 beer brls) to 35% Dry and 15% other income which is made up of B&B, bunkhouse letting and camping, overall GP shows 61.5%.

The extra bunkhouse income does not yet show within the income however we believe that adding this along with opening at least during the lunch session and all day for 6 months then it would be within reason to see sales grow to above £350,000. Currently the business is providing a disposable Reconstructed Net Profit (after adding back personal and one off expenses) of circa £65,000 however with the extra income the disposable profit could return a SIX FIGURE sum.

This is truly a unique business opportunity waiting a new dedicated owner be it a private individual or corporate buyer to fully capitalise on the true potential of this exciting (if not laid back) rare site

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

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