Bed and breakfast for sale in Llandudno, Conwy - Carmel House Hotel with bay views

Description

Business type: bed and breakfast with residential apartment

Location: Craig y Don Parade, Llandudno

Tenure: freehold

Asking price: £595,000

Financial Information

Annual net sales: approximately £180,000

Net profit margin: approximately 50%

Room rates: approximately £85–£105 per night

Business Information

Current ownership: since 2018

• Repeat guests
• Online booking platform reviews
• High occupancy reported by the seller

Property

• Grade II listed building
• Fully refurbished
• New windows
• New doors
• Replacement roof
• Guest furnishings

Guest Accommodation

En-suite letting bedrooms: ten

Bedrooms currently used for trading: nine

Residential Accommodation

• Self-contained apartment
• Two bedrooms

Location

• North Shore position
• Views across Llandudno Bay
• Walking distance from Llandudno Pier
• Near Venue Cymru
• Near Happy Valley Botanical Gardens
• Near the Great Orme

Development Options

• Open the tenth letting bedroom
• Develop a four-bedroom holiday let

Holiday let status stated by the seller: pre-approved

Seller’s projected additional annual turnover: approximately £100,000

Sale Contents

• Goodwill
• Fixtures
• Fittings

Stock: purchased separately at valuation

Viewings

Viewings: strictly by appointment through Sidney Phillips