A restaurant, bar and hotel in Solva Pembrokeshire has gone on the market with Christie + Co with an asking price of £1.5m.
The Cambrian Inn, a three-storey, extended period property dating back to the 1700s, has been owned by Jeremy & Marzena Barton since 2011 who have heavily invested in the business since acquisition.
Renovations included a new commercial kitchen, plumbing, electrical and fire alarm systems and a total refurbishment of the guest rooms and trade areas.
The Cambrian Inn features a split trading area with a bar and dining room with capacity for over 80 covers combined.
There is also a terrace to the front of the property with additional seating for 36 covers.
Five bedrooms comprise the bed and breakfast aspect of the business, and there is a newly built, one bedroom self-contained flat to the rear of the property.
Jeremy & Marzena Barton are now looking at other opportunities in another sector.
Jeremy comments: “We have both enjoyed, along with the fantastic team who work at The Cambrian Inn, renovating the property and the challenge of building up the business to what it is today: a popular and profitable place to eat, drink or sleep. However, a mixture of other business opportunities and increasing family commitments mean we are looking to pass on ownership of this little gem to the next couple, family, or investor who can enjoy it as it is or take it to the next level.”
Corrina Jones, business agent – licensed based in Christie & Co’s Cardiff office who is handling the sale comments: “The business has gone from strength to strength but there is still scope to increase revenue. Mr & Mrs Barton have only recently completed the refurbishments and there is further potential to increase trade. Current advertising is limited and they do not currently advertise on booking sites. This business would suit either an experienced operator looking to expand their property portfolio or a first-time operator looking for a lifestyle change.”