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8 Bedroom en-suiite accommodation with independent access
Turnover 2019 was £321,158 with an adjusted profit of £96,079
Friendly and welcoming 20 cover restaurant
The hotel was designed by Ann Hughes interior design
Reference - 48340
Description The Castle is situated in a Grade II listed building in the Georgian harbour town of Aberaeron, between Aberystwyth and Cardigan. The hotel is perfectly placed in the town centre near both the river walk up to Llanerchaeron Trail and Harbour Beach - New Quay Trail or Aberarth/Llannon Trail. The restaurant has 20 covers and the café/bar is licenced to accommodate up to 110 customers. There is also space for external seating available.
The current owners have successfully operated Castle Hotel for 16 years and have transformed it into a boutique hotel with an enviable reputation for all services. The turnover for 2019 was £321,158 with an adjusted net profit of £96,079. Due to its location post Covid will see a swift return to normal trading figures and there will always be potential for new owners to grow the business.
The premises comprise of a large open plan café/bar and kitchen on the ground floor, the second floor has the restaurant/dining room and two guest rooms. On the second floor there are 6 guestrooms, storeroom and linen/utility room. The premises are presented to the highest standards throughout and require viewing to be fully appreciated.
Sales Currently hotel sales average £321,158 approximately.
Accounts Current records and accounts can be inspected when viewing.
Hotel check-in from 14.00 to 22.00 Check-out before 11.00
Staff Managed by the owners with full/part time staff
Building External The Castle is an impressive 3-storey Grade II listed Georgian town centre building situated on a prominent corner plot on Market Street, a short distance from the harbour and river.
Building Internal The ground floor comprises of a large open plan café/bar with dining area, a fully equipped professional kitchen, customer toilets and to the side of the building there is an independent entrance for the guest rooms on the upper floors.
The first floor comprises of a 20-cover restaurant/dining room and two en-suite guest rooms.
The second floor comprises of 6 en-suite guest rooms, a storeroom and utility/linen room.
Residential accommodation There is no residential accommodation for owners/management available with the current configuration, but this can be changed if new owners wish to reduce the number of guest rooms to accommodate them.
Tenure We are advised that the property is freehold.
Summary This impressive immaculately presented and profitable, Grade II listed, 4-star Boutique Hotel, Café/Bar and Restaurant in a prime location near the Harbour of Aberaeron, Ceredigion, Wales, situated between Aberystwyth and Cardigan represents an excellent business opportunity and due to the standard of presentation new owners would have no need to invest in any redecoration or refurbishment. Early viewing comes highly recommended.
For more information about this property, please contact Bruce & Company, EH12 on +44 131 268 9615 * (local rate)
Contact Bruce & Company about this property
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