Restaurant/cafe for sale in Mostyn Street, Llandudno LL30

£99,995
Restaurant/cafe for sale
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Property description

Business
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.

Location
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.

Premises
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.

Hours
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

Staff
The business is owner ran with the help of 4 kitchen staff and 12 front of house staff.

Financial Profile
The business reports a turnover for the last year of approximately £250,000 with a gross profit of £150,000.

Please quote reference B05623

Arrange Viewing

For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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