For Sale
Highly Rated Restaurant Business
Llandudno, Gwynedd
- Asking Price: £85,000 +SAV
-
Turnover:
The business reports a turnover for the last year of approximately £250,000 with a gross profit of £150,000.
Please quote reference B05623
- Tenure: Leasehold
Please quote reference B05623
Hilton Smythe is delighted to introduce to the market The Mediterranean Restaurant, Llandudno. A very busy and highly rated restaurant located on Mostyn Street, Llandudno.
The restaurant was originally established in 1995, only now does the business reluctantly come to the market due to our client’s health issues.
Our client has worked extremely hard to establish the business, and the restaurant boasts an outstanding reputation for offering a fine dining experience with a menu of fresh Mediterranean cuisine of the highest quality.
Trip advisor reviews state ‘Whole fish dishes black bream and sea bass was fresh and very tasty. Staff are very friendly. Would go again’ and ‘Always enjoy dining at the Mediterranean. Good atmosphere. Lovely staff. Great menu. Food always fabulous.’
The restaurant is uniquely styled with bespoke wall décor and lighting, creating a warm and friendly ambiance for diners. The Mediterranean restaurant benefits from repeat trade from the locals and many tourists due to the excellent location. The business currently holds a 5-star hygiene rating.
This is a profitable and ready to walk in business opportunity not to be missed. Early viewing is highly recommended as our client is hoping for a quick sale and is offering a hand over period.
The business is owner ran with the help of 4 kitchen staff and 12 front of house staff.
High Season
Monday 12.00 – 22.00
Tuesday 12.00 – 22.00
Wednesday 12.00 – 22.00
Thursday 12.00 – 22.00
Friday 12.00 – 22.00
Saturday 12.00 – 22.00
Sunday 12.00 – 22.00
Low season
Monday 15.00 – 22.00
Tuesday 15.00 – 22.00
Wednesday Closed
Thursday 15.00 – 22.00
Friday 15.00 – 22.00
Saturday 15.00 – 22.00
Sunday 15.00 – 22.00
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The business further benefits from close by parking facilities nearby and free parking to the front of the premises.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The area is also well served by the A-roads within easy driving distance of the business, which links to the M55 motorway network.
The business operates from a large commercial premise located on Mostyn Street, Llandudno centre.
Ground Floor
large open plan restaurant with 65 covers,
Bar area with pumps, wine chillers, two door drinks chillers, coffee machine, ice machine, glass washer, till and card terminal.
Ladies, Gents and disabled toilet facilities
Fully Equipped commercial kitchen housing extraction system, 6 hob commercial oven, large commercial fridge, 5 cabinet fridges, commercial dishwasher, chargrill, Baine Marie, countertop fryers, stainless steel preparation tables, double stainless-steel sink, ample storage and crockery
Lower ground
Large basement with laundry room and storage
External
Bistro style area for the warmer months
There are plenty of pay and display carparks within the proximity and 2 hours parking on the street outside
Tenure
Leasehold with a new 10-year lease being offered by the current owners.
The annual rent is £30,000 and the business rates are currently £9,000 per annum.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
