12 bedroom guest house for sale

Tenure: Freehold

Location
Highbury Guest House occupies substantial 3-storey premises ideally located towards the end of the busy main street in the centre of Cardigan, Mid Wales. The prominent premises are based on the local bus route and there is ample car parking in the vicinity. The business is within easy walking distance of the town centre where there is a wide range of shops, businesses and amenities, including a college and a modern arts centre. Cardigan is a vibrant town, which has recently undergone a programme of building works restoring many of the town centre facades. The business enjoys easy access to the local road network and the A484 and A487 are both less than 1 mile away. Junction 49 of the M4 motorway is approximately 40 miles to the south.

Business History
Preferred Commercial is delighted to offer for sale this popular guest house, which has been operated by our clients since 2005 and is only now presented to the market due to our clients wish to retire. The property is very well-maintained and boasts 10 letting rooms, separate owners' accommodation, a bar area and a light and airy dining room set in the conservatory. Our clients have established a welcoming atmosphere and accommodate a range of guests on a bed and breakfast basis, including holidaymakers, visitors to the theatre and local contractors. Evening meals are also available. The business trades all year round and generates a turnover in the region of £120,000 per annum with a gross profit of 60%. There is a web site in place containing information about the available facilities, location, contact details and an enquiry form. We feel there is further scope to increase turnover by extending the food trade and by utilising the facilities for family occasions and celebrations. This is an ideal opportunity to acquire a thriving business in a great trading location, which has further scope to expand. Early discussions with Preferred Commercial are strongly recommended.

Financial Details
T/O: £120,000 approx.
GP: 60%

Opening Hours
All year round

Accommodation Details
Imposing double fronted 3-storey property with a double apex Welsh slate roof. Briefly comprising:

Ground Floor
• Entrance hall and reception area with staircase
• Conservatory and restaurant with tables and chairs for approximately 50-covers
• Commercial kitchen with 6-burner gas hob and oven, fryers, grill, preparation areas and double sink unit
• Snug bar with bench seating and a corner bar servery with 2 x points of dispense, bottle chiller and electronic cash register
• Store room with walk-in refrigerator
• Laundry room with washing machine, tumble dryer, heating boiler and rear exit door
• Office with desk and shelving
• Ladies, gents and disabled access WCs

Owners' accommodation comprising:
• Lounge/dining room with double aspect
• 2 x double bedrooms
• Bathroom with bath with shower over, wash basin and WC

First Floor
• Double bedroom with en-suite shower room
• Single bedroom
• Bathroom for use with single bedroom
• 2 x bedrooms which interconnect to provide family accommodation. With en-suite facilities
• Single bedroom
• Bathroom for use with single bedroom
• Family room with bay window, double bed, bunk beds and bathroom adjacent
• Twin bedroom with en-suite facilities

Second Floor
• Double bedroom with built-in wardrobes and en-suite facilities
• Double bedroom with en-suite facilities
• Twin room with en-suite shower room
• Double bedroom with en-suite facilities

External
• Parking for 6 vehicles
• Covered smoking area
• Yard to rear

Tenure
Advised freehold