Morfa Drive, Conwy (Town), Conwy (County of), LL32
![Goodwins Business Brokers Ltd, Rotherham](https://media.rightmove.co.uk/company/clogo_82232_0001.png)
- PROPERTY TYPE
Cottage
- BEDROOMS
2
- BATHROOMS
1
- SIZE
495 sq ft
46 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Established Business
- Enviable Reputation
- Extremely High Quality Fit Out
- Turnover in excess of £24k PA
- Impressive Net Profits
Description
Turnover: circa £24k
Net Profit: circa £19k
The Old Toll Houe is a successful holiday letting cottage within the picturesque surroundings of Conwy in North Wales. The cottage has been owned and operated by the current vendors since 2020 and in this time has built up an extensive reputation and repeat custom base. This high-quality grade 2 listed property, built by Thomas Telford in 1820 is a short walk into the centre of Conwy. The property is almost fully booked for 2024 and into 2025.
The property is a 2-bedroom detached freehold property which is grade 2 listed and packed with character, with the added benefit of off-road parking and a private enclosed rear garden. The property has been thoughtfully and tastefully finished to a very high standard, whilst combining original features and modern comforts to create a slice of heaven in this picturesque location.
The property will come complete with all furnishings, fixtures and fittings offering a turnkey solution for an incoming operator.
THE OPPORTUNITY
Proven Success: The business was established 4 years ago and, in this time, has built up a loyal customer base. The business works exclusively with the online booking platform Airbnb.
Unbeatable Location: Conwy is located at the very top of North Wales on the coastal region, with breathtaking scenery overlooking the Irish sea.
Excellent Growth Potential: The holiday cottage is in one of the biggest, growing tourist destinations in the north of the UK with over 9.4 million visitors visiting the town each year and boosting the economy by over £1.097 billion pounds, which has almost doubled since 2011. The vendor can offer an incoming operator 1-2-1 insight as to how the business operates.
Strong Online Presence: An extremely well-designed interior of the cottage, boosting online views and bookings on portals. The vendors use Airbnb as their main source of booking income with a rating of 4.85 out of 5 by guests who have stayed in the accommodation.
Reliable Suppliers: The vendor manages the property themselves, however if an incoming operator wished to outsource the changeovers, then there is a range of local holiday home management services available with excellent records.
MARKETING
The business has no need to use any portals outside of Airbnb due to the high occupancy rate of 80%. There is scope to increase reach by using alternative portals such as Sykes Cottages, Hoseasons etc... The vendor works exclusively with Airbnb at present due to the time effectiveness of the portal, giving the owners full control and oversight of the property.
There is also opportunity to implement a dedicated website to allow for direct bookings, which is particularly appealing to for repeat customers and allows for additional brand building opportunities. The same applies to social media pages, which can provide organic bookings.
MANAGEMENT AND EMPLOYEES
The business is managed by the vendors without tie from employees or contracts with external suppliers.
GROWTH OPPORTUNITIES
The Old Toll House has endless growth potential for an existing operator to bolt on or someone looking to enter the market with an established holiday let and customer base with this well-established business:
* Expansion into additional holiday lets locally.
* Enhanced digital marketing including paid search & social.
* Implementation of dedicated website.
* Increase web portal presence.
* Implementation of social media pages.
FINANCIAL INFORMATION
Detailed financial statements will be made available to interested parties.
FURTHER INFORMATION
Don't miss out on this incredible opportunity to own and grow this unique business with an exceptionally well fitted out property.
Further information is available by speaking with us and for more information please contact us.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Morfa Drive, Conwy (Town), Conwy (County of), LL32
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Deganwy Station0.7 miles
- Conwy Station0.5 miles
- Llandudno Junction Station1.2 miles
About the agent
Goodwin?s Business Brokers are the right choice.
We think our experience in owning and selling businesses ourselves, puts us directly in your shoes.
Our founders Michael & Simon spent over 7 years building a health care business from zero to a £16M turnover business with over 700 employees, and the time came they decided the time was right to make an exit from this business and move onto another passion..
Everyone in our team have been previous business owners and have been
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Visit our security centre to find out moreDisclaimer - Property reference GO2991. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Goodwins Business Brokers Ltd, Rotherham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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