Bids Invited Over : £550,000 plus SAV (£4,500)
Business Description
Veritas Business sales are delighted to offer for sale this immaculately presented Public House/ Restaurant and Hotel which is located in the picturesque village of Cwm-twrch Uchaf. The business has been established for over 100 years and has been in the careful hands of our client for the past 31 years. The business is now reluctantly being offered for sale due to other business commitments.
Since ownership they have completely refurbished both the commercial and residential aspects of the property to a very high standard, continually investing in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price, which means that any new purchaser will not need to spend any additional funds for some time. The Quality of the refit and contents are exceptional. The New Tredegar Arms is managed owner operated with the help of 3 full time and 1 part time along with 5 casual members of staff. For year ending 30th September 2022 they posted an annual turnover of £321,714 with a GP of £199,063 (62%). The split between wet and dry sales is 30% Drink, 70% Food. The turnover is walk in trade, this primarily is Local support from the village and surrounding areas, but people also travel from afar due to the reputation of the pub and food over the years. As an added bonus every two weeks on a Friday evening they cater for 42 covers from support from local businesses, Sunday Lunches are between 200 and 250 covers every week. When available they try to serve locally sourced products and the main menu ranges from Steak and Grills to homemade favourites such as Curries, Lasagne, Homemade pie of the day, fresh Fish is also on the menu, the menu caters for all food allergies and there are always Vegan and Vegetarian options, early Lunch menus also offer a varied and comprehensive choices from hot food to sandwiches and baguettes.
The business has a strong reputation within the local community and beyond and as such has a high level of regular repeat trade along with plenty of passing trade and Tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this one is not to be missed.
It is important to note there are two well fitted guest room both of which are en-suite. They regularly turn down bookings but the demand is very high. There is an immediate opportunity for any new purchaser to increase revenue.
Opening Hours
Monday – closed
(another opportunity for potential buyers)
Tuesday – Thursday – 12:00pm – 3:00pm – 6:00pm – 11:00pm (food finishes at 9:00pm)
Friday & Saturday – 12:00pm –11:00pm (food finishes at 9:00pm)24)
Sunday – 12:00pm – 11:00pm (food finishes at 7:30pm)
Ground Floor
Restaurant comprises of a double fronted entrance into an open plan restaurant area with (60) covers. Upholstered bench type seating, upholstered chairs and numerous single and double wooden tables, The main servery and tills are connected directly to the kitchen, to the rear of the servery there is a door down to the cellar and another to a staircase to access the first floor. From the main restaurant there is an opening into a secondary restaurant area which in turn has doors to another seating area, there are another (58) covers here, you can also access an elevated outdoor decking area with facilities for (20) covers.
Kitchen comprising: 2 x commercial stainless steel sink units, dishwasher, 4 pot bain-marie, tall (Bek) fridge, stainless steel prep tables, (Polar) stainless steel upright freezer, 3 under counter chillers, eye level grill, 2 x small microwaves ,3 x commercial 1850w microwaves, (Blue Seal) turbofan 32 oven, double standalone fryers, 6 burner stove, large hotplate, full extraction. (True) single stainless steel tall upright freezer, (Polar) stainless steel upright fridge, (Parry) double convector oven, door to access outside area.
Gents with W/C, wash basin, wall mounted stainless steel urinal trough and wall mounted hand dryer.
Ladies with 2 x W/C’, 2 x wash basins and wall mounted hand dryer.
Cellar traditional cellar below ground.
First Floor
Accommodation
Split level landing, left takes you into the owner’s accommodation fully fitted kitchen, with breakfast bar and a range of base and wall units a door takes you outside onto a roof garden, from the kitchen there is a fire escape to ground floor garden -Family bathroom comprises of a bath with shower facilities, WC, wash hand basin – elevated lounge area with staircase to 2nd floor, from lounge – double bedroom – double bedroom
Twin bedroom with shower ensuite.(Triton electric shower)
Family room with three single beds and shower en suite.
Second Floor
Single bedroom.
Large storeroom which could be another double bedroom.
External
Opposite you have a large car park for (24). Frontage with patio area and decked area, both of which are covered and holds seating for (25) covers. To the side of building there are three allocated parking spaces and gates leading to an enclosed back yard.
Back yard, has two double garages, an outer building, a beer garden with 24 covers, stairs to first floor and a walk-in chiller the local river is adjacent to the boundary.
The premises benefits from oil fed central heating and has a large propane gas tank. The windows and roof have been replaced in the last two years
