Securing finance for lovely bed and breakfast in Wales

Tir-y-Coed, Rowen, North Wales

Chris and Sandra decided that they wanted to run their own bed and breakfast business and set about looking for a suitable business to buy.  After looking at several properties they eventually came upon Tir-y-Coed in North Wales.  Chris, who has a background in finance, recognised the challenges involved in securing the debt required and approached us here at Stewart Hindley & Partners to help them.

We worked closely with Chris, Sandra and the lender to secure the property.  Stewart Hindley & Partners produced a comprehensive loan proposal detailing the historic trade of the bed and breakfast, future plans for the trading going forward and projected turnover.  The purchase has now completed and Chris & Sandra moved into their new home/business at the end of June 2016.

Tir-y-Coed Country House is a beautiful former gentleman’s residence built in the late Victorian era.  The property is located in the village of Rowen inside the very popular Snowdonia National Park.  The property nestles in over an acre of beautiful, mature landscape gardens and provides a peaceful 5* experience for its guests.

The bed and breakfast has 6 en-suite bedrooms all furnished and decorated to a high standard.  The rooms are spacious and light and situated on the first floor.  On the ground floor there is a modern garden room, bar and balcony all enjoying a South facing aspect overlooking the grounds.  Tir-y-Coed is one of the finest country houses in the area, with an established trade, offering guests free WiFi, a fully licensed bar and restaurant.

Chris and Sandra plan to develop the overnight trade and food offering at Tir-y-Coed, re-opening the dining room on a regular basis and offering evening meals to local residents and guests alike.

Tir-y-Coed - Drawing Room    Tir-y-Coed - Dining Room

“Right from our initial enquiry, it was clear that Chris McDonagh knew his stuff and was quickly able to provide us with what turned out to be a very accurate breakdown of the likely costs. The whole process was completed with the minimum of fuss and on time.  Throughout,  Chris and Carol Jones were actively involved in the process (including accompanying us on visits to the bank and briefing valuers) recommending other professionals such as insurers, keeping us fully informed of progress. They were always on hand to answer questions and provide reassurance and advice.  Having used brokers in the past, the service we received here was on a completely different level, and we’d not hesitate to use them again.”


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