Fantastic Pub & Restaurant Lifestyle Business in Northwest Scotland For Sale

Business description

Caberfeidh Restaurant & Bar
Main Street
Lochinver
Sutherland

Attractive 30 cover restaurant & bar
Situated on sea loch with outstanding views
Improving turnover - circa £300,000, net of VAT
Spacious 3 bed house adjacent
Potential for basement flat
Fantastic lifestyle opportunity
Offers around £580,000

The business operates as a restaurant with associated bar which is open all year round, seven days in high season which runs from mid March to the end of October and, through choice in winter trading hours and days are restricted, generally closed two days a week.

Income is derived from effectively an equal split of food and wet sales. The menu offers an appetising selection of quality home made pub food, changed regularly to utilise local and seasonal produce. Snacks and takeaways are also available and the annual barrelage increased to 120 in 2008, bucking the trend in terms of beer sales.

The business is well supported locally in addition to attracting a high level of visitors to the area. Karaoke and quiz nights are held regularly and the business sponsors the local football team in addition to hosting weekly dart matches. Themed food nights are held monthly and throughout the summer there is live music every Thursday.

In the first year’s trading the income achieved was double that generated in previous years - £299,336, net of VAT for year ended 31 March 2008. Sales for this financial year have improved again and net sales in the region of £310,000 - £320,000 are forecast. The business offers an ideal opportunity for a husband and wife team or similar to continue to develop and expand.

Property information

Property:

Freehold

Living accommodation:

The owner’s accommodation is accessed from the main street with the internal hallway having stairs to both upper and lower floors. To the left of the entrance is the dining kitchen, fitted with a range of good quality wall and base units incorporating a dishwasher, oven with gas hob over and one and a half bowl stainless steel sink. There is a feature fireplace. To the rear is the bathroom which features the original roll top bath with shower over together with WC and washhand basin. At first floor level is the lounge which has a feature fireplace with log burner and views overlooking the loch. Adjacent is a study/office in addition to a double bedroom with fitted wardrobes. Completing the first floor accommodation are a further two double bedrooms. Located at basement level, accessed via a stairway off the main hallway as well as by a separate access from the rear garden, are three rooms. Our client is currently in the process of refurbishing one to provide an en suite bedroom and the remainder offers additional potential for the provision of a flat/additional accommodation.

Location:

The picturesque fishing village of Lochinver lies on the shores of the sea loch, Loch Inver, in the far northwest of Scotland in the Assynt area of Sutherland, approximately thirty six miles North of Ullapool. Lochinver is accessed by means of the A837 road route which continues south-eastward to Invershin, just north of Bonar Bridge.

Lochinver has a history of involvement in the fishing industry and still has a busy local harbour. The population of Lochinver and nearby villages is in the region of 1,000 and rising. In the village there are local facilities to include a convenience store, sub post office, butcher, primary school, health centre and a newly built indoor leisure facility.

Premises details:

The subjects comprise a two storey and basement de

Other information

Inventory / Stock value:

£7,000

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