Blacks Business Brokers are excited to bring you news of this Llandudno guest house is on the market! Proprietors Stephen Bradford and Ms Polczman acquired the business in a state of disrepair, intending to redevelop and establish the guest house as a viable business before moving on to a larger project.
After doubling the turnover to £60,000 in the first year of ownership, the business reportedly makes more than £78,000 per year. The couple has achieved their goal and are ready to realise their investment.
Candant Guest House is located on Lloyd Street in Llandudno town centre. The property has a storied history, providing accommodation for visitors to the famous seaside resort since 1891. The business is housed in a 4 storey, Victorian property that included seven guest bedrooms, a two-bedroom owner's apartment, dining room, guest lounge with licensed bar, catering kitchen and a newly fitted hot-tub!
The location is close to the town's train station and seaside attractions. Free on-street parking is also available in the immediate vicinity.
Mr Bradford is a builder by trade and has almost two decades' experience in the hospitality trade, using his expertise in two different countries! Building and launching bars in New Zealand and the UK, carrying out operations and general management roles in hotels across the two countries.
Ms Polczman is also well versed in the hotel sector with a decade's worth of experience in hospitality. Once the business is sold, the pair have ambitious long-term plans to take on a larger hotel project.
After taking over Cadnant Guest House the pair embarked on a comprehensive redevelopment, bringing the property up to modern electrical and plumbing standards as well as reconfiguring the ground floor and owner’s apartment. The guest rooms were renovated as part of the project, a bar was installed in the lounge area, a hot tub was fitted in the rear courtyard and the property was comprehensively redecorated.
Callum Pollard, customer service executive at Blacks Business Brokers, said, “Stephen and Eniko have done a fantastic job in a short period, investing a significant amount of money and a huge amount of time to transform Cadnant Guest House into a genuinely luxurious bed and breakfast with an excellent reputation. This is a fabulous, turnkey opportunity for a new owner who could either operate the guest house as a lifestyle business or, if they wished to invest more time, push the business on to the next level.”
If you wish to contact Blacks Business Brokers regarding this exciting business opportunity, you can get in contact with us by calling 0333 370 0000, quoting reference number 6996. Alternatively, you can click here to head to our website!
