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£0 £1000000

Highly Rated Restaurant Business

Llandudno, Gwynedd

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For Sale

£85,000 +SAV

Ref: B05623

Leasehold

Overview

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.

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

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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