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2 bedroom pub for sale
GWYNEDD REF: 6912 FREEHOLD
- Business for sale
- Grade II listed inn situated in a tourist area at the base of the Cadair Idris Mountain.
- Close to the seaside towns of Barmouth and Tywyn.
- Lounge Bar (circa 40) with feature fireplace, 2 darts throws and bar servery.
- Large Games Bar with pool table, darts throw, exposed roof rafters and own bar servery.
- Patio drinking area to rear.
- 2 bedroom living accommodation.
- Advised turnover circa £213,644 (incl.VAT) yr end March 2011 – 100% wet.
- Offered freehold or as desirable new Free of Tie Lease.
Tenure: FreeholdAN EXCELLENT OPPORTUNITY TO ACQUIRE AN AFFORDABLE NEW ‘FREE OF TIE’ LEASE OR FREEHOLD WITHIN THE BEAUTIFUL SNOWDONIA NATIONAL PARK
The business is located in the tourist town of Dolgellau in the county of Gwynedd. Dolgellau is a beautiful market town in Southern Snowdonia, close to the Cadair Idris mountain, the stunning woodlands of Coed y Brenin, and the beautiful beaches of Tywyn, Fairbourne and Barmouth. Dolgellau is a popular ‘base’ for visitors and tourists to the area. The town is a designated “cycle breaks centre”, boasting a range of dedicated cycle routes all around the area, and is close to Coed y Brenin, Britain’s first purpose-built mountain bike centre. There is a monthly craft market held in the town and a weekly livestock market. Every summer Dolgellau is host to the Gwyl Cefn Gwlad ("Festival of the Countryside"). There are a superb range of other local and national attractions which reflect the history, geology and heritage of the area including: Portmeirion, a unique Italian styled village; the historic castles at Harlech, Criccieth, Caernarfon and Conwy; Bodnant Gardens; the famous Ffestiniog Steam Railway; the Mawddach Trail, King Arthur’s Labyrinth, Rhaedr Cynfal waterfalls; and the remains of the Tomen-y-Mur Roman fort and amphitheatre. This area attracts walkers, cyclists, horse-riders, climbers, day-trippers and holidaymakers, as well as a core local clientele.
This traditional freehold village inn is of mainly stone construction under a pitched, slate roof, occupying an excellent town centre location within Dolgellau. We are advised the building is grade II listed and dates back to the early 17th Century when it was 2 separate houses. The Lounge Bar (circa 40) has a tiled floor, feature stone fireplace, 2 darts throws, fixed perimeter seating, dark wood furniture, 2 televisions and a games machine. The room also features a central bar servery. The Games Bar is a large room with exposed roof rafters – with a capacity for up to 60 people. The room has a feature chimney breast, pool table, darts throw, 2 games machines, juke box, T.V., and its own bar servery.
Ladies and Gents W.C.s.
Although there currently is no commercial kitchen, there are 2 attached external stores which possibly could be converted (subject to any necessary consent). There is a lower ground cellar which is currently used for storage.
The owner’s accommodation is situated on the 1st floor and briefly comprises: small kitchen, double bedroom, single bedroom (currently used as an office), lounge and bathroom.
To the rear of the property is an enclosed patio drinking area with fibreglass picnic benches for circa 12.
There is an external store used as a cellar and a second store used as a bottle/dry store. There are possibilities for converting these if a catering kitchen was required (STPP).
TRADING & LICENSING
We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:
Sunday-Friday 10am to 2am
Saturday 10am to 3am
Current opening hours are:
Monday-Saturday 11am to 12midnight
Sunday midday to 12midnight
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House. Guy Simmonds hold this 1 day APLH Course every month. Please telephone us to reserve your place or book on-line at www.guysimmonds.co.uk
The property and business is being offered for sale freehold (although we have not had sight of the title deeds) or as a new 10-15 year Private FRI Lease Agreement as follows:
1. The asking premium will be £39,950.
2. The initial annual rent will be £20,000
3. The annual rental is simply RPI linked to inflation every 3 years, hence no market rent reviews.
4. Rent payable quarterly in advance.
5. Lease re-assignable after initial 2 year period.
6. Free of all brewery and supply ties.
7. Each party responsible for own legal costs relating to the transaction.
We are advised that the inn benefits from all mains services (services not tested). Business rates payable are advised as currently being circa £3,729 per annum.
The current owner has been running the business for 26 years and bought the freehold 19 years ago. This business has provided our vendor client with an enjoyable lifestyle and a lovely place to live, however they are now reluctantly selling ready to enjoy a well-earned retirement! Our client has established a solid trading foundation with a loyal and desirable ‘wet’ sales locale clientele as well as tourists. The business is at the centre of the local community with 3 darts teams, dominoes team and pool team. It is also the meeting place for the local cricket team and choir.
We are advised accounts for year end March 2011 declare takings in the region of £213,644 (inclusive of VAT at 20%) – 100% wet sales. The reconstituted net profit for the freehold vendor (after adding back depreciation, bank charges and partner’s wages) was circa £50,000.
This charming inn is a successful and thriving business yet still offers immense potential to increase upon the sales simply with additional advertising to target the many tourists and cyclists who visit the area. There is also the possibility of to exploring the food potential. This is an excellent opportunity for either a freeholder or leaseholder to continue to build the business.
Accounting information will be made available to interested parties after viewing.
This business was viewed by Helen Russell-Taylor who would be delighted to discuss further details and can be contacted on 07968 376590. Viewing appointments must be made by contacting Guy Simmonds .
VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
TRAINING: For a brochure and dates of our award-winning training courses leading to the relevant B.I.I, qualifications (and APLH). Telephone (01332) 865112 or view on www.guysimmonds.co.uk Courses are monthly.
FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions (note; 1ft. = 0.348 m), distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.