Hotel at the top of 'world's steepest street' listed for sale

Sat, 03 Aug 2019 | BUSINESS SALE



A Welsh hotel and restaurant that sits at the top of the world's steepest street has been put up for sale by its owners.

Castle Cottage Restaurant with Rooms in Harlech is located at the top of Ffordd Pen Llech road. The road has recently been confirmed by the Guinness World Records to be the steepest street in the world following a passionate campaign by local residents, resulting in the removal of the title from Baldwin Street in Dunedin, New Zealand.

According to current owners of the hotel Glyn and Jacqueline Roberts, the roads 37.45 per cent gradient played no part in their decision to sell, which they said was due to their desire to retire after 30 years at the helm of this successful business.

Mr and Mrs Roberts revealed that they have already prepared for the sale by reducing their working hours, which means there is room for new owners to make additional profit should they choose to increase opening times.

That's according to Lesley Watmough with property specialist Fleurets, who is marketing the unique hotel and restaurant at a guide price of £645,000.

Commenting on the business venture, she stated that the new status of its impressive location is likely to be just one of the features considered to be attractive by potential buyers, who would also gain a top-rated restaurant and a popular bar.

Ms Watmough added: "This is a truly unique opportunity, the hotel has been awarded 5 stars by Visit Wales and is also a short distance from the medieval castle.

"Given the current operators reduced hours, there is also huge scope for business growth."


Share this article



Latest Businesses for Sale

Country Pub
Lincolnshire, UK Wide

Now available to the market is this highly regarded, traditional country pub situated in North Lincolnshire. Under current ownership since 2017, the pub has gone from strength to strength, offering premium quality food and drink as well as comfortabl...

Asking Price: £650,000
Turnover: £460,000

FREEHOLD


Golf Buggy Retailer
Nottinghamshire, UK Wide

Excellent margins across stock. Strong relationships with key suppliers. Approved supplier of recognised brands. Minimal overheads. Relocatable opportunity. The business is now available on a relocatable basis due to the current owner’s other busines...

Asking Price: £100,000
Turnover: £369,050

RELOCATABLE


Premium Cosmetic Skin Treatments
East Midlands, UK

Highly profitable business offering the region’s widest range of non-surgical facial treatments. Established over 15 years ago, the business delivers a premium service and has a strong recurring customer base. Gross margin in excess of 70%, £350k pro...

Asking Price: Offers Invited
Turnover: £750,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
06
 
Dec
 

KPMG agrees to sell pensions arm | DIVISION SALE

Professional services network KPMG has announced that it has...

 
05
 
Dec
 

What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS

Private business mergers and acquisitions expert Sue Green o...

 
05
 
Dec
 

MBO at Bolton-based delivery comparison firm | MBO/MBI

Bolton-based parcel delivery price comparison company Parcel...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
07
 
Aug
 

Bristol restaurant up for sale | BUSINESS SALE

After a series of top restaurant closures in the recent past...

 
25
 
May
 

North Yorkshire's Plough Inn up for sale | BUSINESS SALE

A 300-year-old stone pub in the North Yorkshire village of F...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources