One of Llandudno’s most popular restaurants has come back on the market and the owners want to sell after 26 years.
Cindy Atay, who runs the Mediterranean restaurant on Upper Mostyn Street with husband Ibrahim, said it was a big part of her life, but it was time to retire.
Business agent Hilton Smythe marketed the restaurant for £ 85,000 + SAV (inventory to be valued) and described it as a “walk-in” business opportunity.
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Ms. Atay said, “We are sad to sell the restaurant as it has been a big part of our lives for the past 26 years, but due to my own health problems we need to find a new owner.
“We also have a take-away business that we will focus on immediately before we put it on sale in the near future.”
The Mediterranean restaurant in Llandudno
(Image: The Mediterranean Restaurant, Llandudno)
The business would be sold with the available space in a 10 year lease offered by the current owners. The annual rent is £ 30,000 and the business rent is currently £ 9,000 per year.
Gareth Smyth, CEO of Hilton Smythe, said, “Ibrahim and Cindy worked hard and created something special with The Mediterranean Restaurant.
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“I’m sure the people of Llandudno will be sad to see them sell out, but they will no doubt continue to have their Turkish takeout close by.
“You did a fantastic job building The Mediterranean Restaurant as a business and it will be a great investment for anyone looking to run their own restaurant. It has an excellent reputation and is ideally located in the center of Llandudno.
“This is truly a profitable and willing business opportunity that shouldn’t be missed.”
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