For Sale
Outstanding Restaurant & Public House
Fort Augustus, Inverness-Shire
- Asking Price: £265,000 +SAV
-
Turnover:
The Business has reported an annual turnover in the region of £700,000 pa. no accounts were seen at time of appointment.
Please quote reference B05070
- Tenure: Leasehold
Please quote reference B05070
CoGoGo are delighted to welcome to the market an opportunity to acquire the truly outstanding Bothy Public House & Restaurant business on a Leasehold basis.
The business has built up an enviable reputation not just locally but within the industry in general, a true testament to the calibre of business on offer.
Bothy Public House & Restaurant business operates from an immaculately presented, substantial traditional stone built single story property with the capacity for 60 covers in the restaurant & cosy public bar with lounge area with a further 16 / 20 covers externally.
The business has been under the meticulous ownership of our client for over 11 years and has undergone an extensive programme of refurbishment over the years and is presented in a superb “turn-key” condition.
It prides itself on delivering the highest quality food cooked fresh to order, along with an exceptional level of customer service in both the restaurant and pub.
Where possible the restaurant uses locally sourced produce adding to the overall customer experience.
We feel that there is fantastic scope to increase the turnover for this business by undertaking a robust, marketing campaign, along with a dedicated website to promote the business along with offering a service to cater for outside events such as weddings, birthday parties and other events & also looking at extending the trading hours to capture the breakfast trade within the local area.
A fantastic opportunity to purchase this well-established, long standing business with a fantastic reputation, as such early viewing is highly recommended.
The business is run & managed by the current owners with a selection of part time staff in the restaurant & public bar.
The business currently operates all year round
The business Situated in the picturesque village of Fort Augustus in the Great Glen at the South West end of Loch Ness.
It is located on the popular Canalside area of the village next to The Caledonian Canal, the canal forms part of the chain linking Fort William on the West coast to Inverness on the East with the canal being a great tourist attraction all year round leading to very good levels of passing trade from coach parties, day trippers & locals alike.
The village has a variety shops, a post office and there is a regular bus service that runs throughout the year, along with good road networks to Inverness & Fort William.
The Bothy Public House & Restaurant is located within a substantial single story, semidetached stone-built premises, & benefitting from a prime trading location, immaculately presented and maintained to the very highest standard, entered via ground level into a bright, airy and inviting interior, briefly comprising:
Public Bar & Lounge Seating Area
Well Presented main public bar / lounge area with quality fixtures & fittings along with feature log burning stove recessed in an original fire place, complimented with a wealth of exposed original timber and stonework, with access to the main conservatory / restaurant area, that is finished to a modern, well-presented standard with feature tiled flooring throughout.
Fully equipped waiter service station and drinks chiller can be found at the top end of the dining area.
The business benefits from a modern commercial kitchen fully fitted out to a high standard that includes, ample food preparation areas, commercial cooker with full extraction, various chilled storage, designated washing up area and a great selection of modern industry standard equipment and appliances.
On the ground floor is a disabled cloakroom/WC for customers, with separate male and female washroom/WC facilities for customers located on the first floor.
The building also has an upper flat, that is currently used as staff accommodation & consists of double bedroom & shower facilities.
Externally
To the rear of the main building can be found an area of hard standing currently used for vehicle parking along with two out buildings, one is the extensive beer cellar area whilst the other houses a large walk in chiller area with both refrigerated & freezer storage
The business is well signed and easily visible to passing trade due to the prominent location.
Tenure
We are advised that tenure is offered on a Leasehold basis
Lease - 25 years with 14 years remaining
Rent - £75,000 PA
Rates – TBC
The landlord has advised he would be happy to grant a new 25 year lease to any buyer.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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