4 bedroom hospitality for saleThe Plough Inn, Mid Street, Keith, AB55
Offers in Region of £295,000
- Business for sale
- Use class orders: C1 Hotels
- Function Room
- Popular Wet Sales Pub
- Pool Team
- Darts Team
- Football club Sponsor
- Rising Turnover
- Minimum Staff
- Attractive Owners Flat
- Scope for development
The Plough Inn is a popular and well-frequented North-East inn which benefits from an excellent trading location on Mid Street, within the popular town of Keith. Established in the mid-1880s, the business benefits from strong year-round local support together with additional seasonal demand from tourists who holiday in the area as well as business patrons. The Plough Inn is the main sponsor of the local Islavale FC Junior football team, has teams playing in the strong local darts and pool leagues and is the hub of the town's yearly four-day Traditional Music and Song Association Festival. The Plough Inn drives strong turnover from purely wet sales, making it an easily run business. It also benefits from a small function suite located to the rear with private access and toilet facilities for both male and females, and which can support events for between 60 and 80 individuals. The room benefits from having its own private bar, which is served by a recently built cellar and store. A small dance floor, built-in sound system and spacious booth seating makes this a popular venue.
Entry to the bar itself is directly off Mid Street, from which the two doors open into a spacious bar area which has attractive wood panelling round the bar and a welcoming fire. The bar area also benefits from a pool table, juke box, gaming machines, darts board, CCTV and widescreen TVs offering both SKY and BT Sports, popular with patrons. The large commanding servery is fully equipped for all the business needs, including chill cabinets and glass washer. Customers can choose from a wide selection of draft and bottled beers, minerals, wines and of course spirits, which are conveniently dispensed from a good range of optics. The business trades on wet sales only, which makes it an easy-to-operate opportunity for new owners, whether or not they have previous experience in the licenced trade. However, should new owners wish there is a kitchen area which could be developed to provide catering and introduce a food service to the bar.
The attractive flat is located above the bar and has private access from the side lane. A flight of stairs leads up to this spacious and bright apartment which has a large lounge, modern fitted kitchen and bathroom and three double bedrooms with two further attic rooms. There is no doubt that this would make a comfortable family home or indeed, with the correct planning permission in place, be available as letting bedrooms.
The bustling town of Keith is an important stop on the Speyside Whisky Trail thanks to Strathisla Distillery, the oldest working distillery in Scotland dating from 1786. A long-established whisky town, it has also added beer brewing to its mix of industries, which includes farming, engineering and retail. The town boasts three distilleries in total, on top of numerous traditional shops, plenty of good restaurants and a wide range of accommodation ranging from hotels and guest houses to B&Bs and self-catering cottages.
The town has become a centre for arts and culture, being the first place in Scotland to be bestowed the title 'Scots Toun', and with an annual Traditional Music and Song Association Festival which has just celebrated its 40th year in 2015. Keith is also home to the only school in the world teaching kilt making and creative embroidery, the Keith Kilt and Textile Centre.
There's a great range of independent shops available, with butchers, bakers, a deli, ladies' fashions, pharmacies, newsagents, furniture, flooring, framing, electrical and arts and crafts. Primary and secondary schooling are both available in the town, along with a variety of clubs and sports facilities. There is an abundance of community spirit, low crime rates, excellent property values, easy access to coast and countryside and swift connections to the cities of Aberdeen and Inverness via road, rail and bus.
Following 10 years of very successful trading, the present owners, who live abroad and have owned and operated the business with the support of family, have decided to concentrate on other business interests, which brings this highly desirable "home and income" lifestyle opportunity to the market.
The building is a two-storey property with the Plough Inn and function room situated on the ground floor and the flat on the first floor. The property was built circa 1880s and benefits from newly replaced windows. The premises are fully compliant with licencing and fire regulations. The front bar has five sets of windows, which provide excellent natural lighting. The function room has external doors to the rear leading to an outdoor area with the potential for a beer garden. The two areas are connected via the potential kitchen space, presently utilised as a storage area. The spacious cellar has a front, ground-level access point which facilitates ease of delivery. Public parking is available to the rear of the property.
The property benefits from mains electricity, gas, water and drainage. Heating in the flat and bar is mainly gas from a recently installed new gas boiler. The function room is heated via electric panel heaters. The premises are fully compliant with electrical and fire regulations. There is lighting to the front of the premises.
Turnover for year ended March 16 was £194K net of vat, with adjusted net profit of approx £65K. Full accounting information will be provided to all seriously interested parties post viewing.
There is a modern and bright flat located on the first floor of the property. The flat comprises a lounge, modern kitchen and bathroom as well as three double bedrooms with two further attic rooms. Access is private, with a main door entry to the side of the property.
Monday to Wednesday 11am - 11pm
Thursday and Sunday 11am - 12pm
Friday and Saturday 11am - 1am
The business has a liquor licence under the Licensing Scotland Act 2005, and a copy of the operating plan is available to interested parties, which details operating practices.
Offers in the region of £295,000 are invited for the freehold interest complete with goodwill and trade contents (according to inventory). Stock at Valuation.
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- Keith (0.8 mi)
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