Hilton Smythe is proud to introduce The Ridgebourne Inn to the market. The business provides a charming public bar/lounge, restaurant and 3 letting rooms. This delightful inn is very well supported by local residents with a fantastic community spirit and friendly amiable staff.
The pub is currently being leased for £800 per month on a short term lease basis.
The Ridgebourne Inn was established in the 1890's and has been lovingly run and managed by our clients since 1999. This enchanting business has been very well maintained throughout with lovely decor and traditional features such as a wood burning stove and wooden flooring.
The business is truly at the hub of the community providing a venue for competition pool, darts, watching sporting events on the flat screen TV and is host to an open mike night proving very popular with residents. There is also a fantastic beer garden providing additional seating and a great place to relax and unwind.
The restaurant provides good quality tables and chairs for 51 covers, serving traditional home cooked fare, all prepared in the fully equipped commercial kitchen. The wet/dry split is 60/40 and the business benefits from being free of tie. We feel there is the potential to further develop the restaurant as The Ridgebourne Inn is currently run at a pace to suit our clients, we believe by extending opening hours to cover lunch time trade this would certainly increase revenue.
The Ridgebourne Inn also provides three en-suite guest rooms, 2 double rooms and 1 twin, simply styled with good quality furnishings. The good road side location of the business attracts passing trade. We feel that the business would benefit from an injection of marketing and advertising, in particular introducing a website and promoting awareness via social media websites would certainly pay dividends for both the accommodation and restaurant.
Additionally, this profitable business is complete with 3 double bedroom owner's accommodation making this an ideal acquisition for a husband and wife team or family.
Naturally, early viewing of this outstanding business in this desirable location comes highly recommended.
TENUREWe are advised Freehold.
The pub is currently being leased for £800 per month on a short-term lease basis.
HOURSThe business opens:-
Monday, Tuesday and Thursday 5.00pm - 11.00pm
Friday to Sunday 11.am - 11.00pm
The open mike sessions are held every other Wednesday in the evening, with the business opening especially for this event.
STAFFThe business is owner run and managed with the assistance of 7 part time members of staff.
The wages bill is around £32,000.
FINANCIAL PROFILEThe business reports a healthy turnover of £220,000 per annum, with reported gross profit at 54%.
The Ridgebourne Inn is located in the spa town of Llandrindod Wells, in stunning Powys countryside.
The business is located on the busy A483 between Crossgates and Builth Wells. The road is heavily used by the plethora of tourists attracted to this stunning region including the nearby villages of Ryayader and Builth Wells. The business is a great base for exploring the delights of Wales whilst also serving the many local residents in the locality.
Llandrindod Wells includes many ornate buildings dating back to the Victorian and Edwardian eras including the Albert Hall Theatre and former county hall building adjacent to it. The town is also host to a large man-made lake popular for fishing and 18 hole golf course and international standard outdoor bowling green which hosts national and international events.
Rhayader is known as the gateway to Elan Valley and lies in the very heart of Mid Wales, set besides the beautiful River Wye amidst stunning scenery.
Builth Wells is a town of architectural interest, with Builth Castle and in the centre of the town there is a 1000 feet square mural depicting the final days of Llewelyn ap Gruffydd, the last native Prince of Wales, attracting many visitors to this historical town.
The region is renowned for its spectacular scenery attracting many walkers, cyclists and ramblers as well as attracting families to this beautiful part of the country.
This imposing character property briefly comprises:-
Lovely bar/lounge area with feature fire place with wood burning stove, seating to suit trade, flat screen TV, electronic games machine, bar server with 10 dispense points, chiller, ecr and optics to the rear.
The restaurant has wooden flooring, table and chairs for 51 covers, stylish decor, bar server with 7 dispense points, ecr, glasswasher, optics, chiller, carvery unit, 2 dart boards and ladies and gentlemen's toilet facilities.
The games room hosts two pool tables, flat screen tv, dart board, digital jukebox, electronic games machine and toilet facilities.
The kitchen includes commercial grade appliances including oven, stainless steel sink, 5 microwaves, ample work areas, 2 griddles, 2 fryers, grill, stainless steel extraction unit, hot cupboard, pot wash, dish washer, sink and fridges/freezers.
There is an additional store room.
On the lower floor is the cellar with bottle store and cooler.
The owner's accommodation briefly comprises 3 double bedroom, one en-suite, lounge, bathroom, and ancillary areas.
Externally there is parking for 11 vehicles, patio forecourt seating area. To the rear is the beer garden with table and chairs, store rooms, wood store, 2 storage sheds and workshop. There is disabled access from the car park to the games room.