| (REF: 2221) 19th Century Public House in Conwy |
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| Seller Reference: |
2221 |
| B4S Reference: |
24252 |
| Asking Price: |
£75,000
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| Net Profit: |
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| Sales Revenue: |
£260,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Conwy (Town), Conwy, United Kingdom |
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Preferred Commercial is delighted to offer for sale this popular town centre public house, which was established in the 1800s and which has been in our client's hands since 2008. The business generates a turnover in the region of £260,000 per annum with a gross profit of 70%, derived from the sale of alcohol, bar meals, Sunday carvery and from letting the 5 guest bedrooms. A new owner could increase turnover by converting the 2 unused rooms into additional letting rooms and opening the restaurant daily. The pub benefits from self-contained owners' accommodation and a popular beer garden to the rear, which overlooks the bay. The George & Dragon is known for its 5 real ales and boasts an increasing number of local regulars. We feel this is an ideal opportunity to acquire a popular public house in such an ideal location. Early discussions with Preferred Commercial must come highly recommended.
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Property: |
Leasehold |
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Lease Terms: |
Original length: 10 years
Remaining: 3.5 years
Review: every 5 years
Rent: £35,100 per annum |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Large 3-storey premises situated close to the castle and backing onto the bay. Briefly comprising:
Ground Floor
• Main bar area with exposed beams, tiled floor, stools and cast iron tables, comfortable perimeter seating, wood and brass bar servery with points of dispense, optics display, drinks chillers and electronic cash register
• Restaurant with exposed beams, server with food warmer, coffee machine, large dessert display chiller, 35 covers
• Kitchen with 6-burner hob and oven, 4 x fryers, griddle, 6 x warmers, 3 x microwave ovens, stainless steel preparation surfaces, tiled walls and extractor
• Kitchen preparation area with stainless steel preparation surfaces, dishwasher and 2 x upright refrigerators
• Kitchen store with 2 x chest freezers, upright refrigerator, new boiler and shelving to suit
First Floor
Private accommodation, briefly comprising:
• Large lounge
• Large kitchen with access to private patio with views of castle and bay
• Double bedroom
• Large bathroom
• 2 double bedrooms, currently used for storage, could be converted into further letting accommodation
Second Floor
• Room 1 - 2 x single beds and en-suite shower
• Room 2 - double bed, bay view and en-suite shower
• Room 3 - brass double bed, bay view and en-suite shower
• Room 4 - 2 x single beds, separate shower room with WC and wash basin
• Room 5 - single bed, separate shower room with WC and wash basin
External
• Alleyway from front to rear separating the bar from the restaurant and leading to the beer garden
• Large beer garden with wooden tables and benches and views over the bay |
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Location: |
The George & Dragon is ideally located on the busy Castle Street, in the heart of the town of Conwy in North Wales. Castle Street, as its name suggests, leads to Conwy Castle. The public house is surrounded by complementary shops and businesses and benefits from a high footfalls and much passing traffic. The beer garden to the rear of the pub backs onto Conwy bay offering wonderful views. Conwy is a medieval walled town and is popular with tourists and holiday makers all year round. The town is an ideal base for exploring the surrounding countryside. The town is easily accessible, boasting its own railway station and good road access via the A55 North Wales Expressway. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Mon - Wed: 11.00am - 11.00pm
Thurs - Sat: 11.00am - 12.00am
Sun: 11.00am - 10.30pm
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