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Pub for sale

The Kings ArmsMain Street,Ballantrae,KA26

£318,000
801 sq. m.

Property Description

Commercial information

  • Business for sale
  • 8,621 sq ft (801 sq m)

Key features

  • REF: 2213
  • FREEHOLD
  • FREE OF TIE
  • HOTEL
  • PUB
  • GUEST HOUSE

Full description

Tenure: Freehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established hotel/public house and restaurant business in the village of Ballantrae, Ayrshire. The public house was originally established in 1765 and has been in our clients` careful ownership since 2005.

Only now is the business being offered to the market due to our clients` unfortunate health issues. The business operates 7 days per week and generates a very healthy turnover in the region of 182,000 per annum, with a gross profit of approximately 58% as per accounts to 2016.

Our clients` offers 6-letting rooms, traditional pub food and an extensive range of alcohol served in the public bars. The property boasts a large dining room with approximately 50 covers and a fully equipped commercial kitchen, fully stainless steel for hygiene purposes and a preparation room.

All the letting rooms have a friendly, homely feel, some with en-suite facilities and tea/coffee making facilities. The property is well equipped to suite the trade and has been decorated and maintained to a very high standard.

The business has an excellent reputation within the area for the high quality of the fayre, accommodation and services offered, which has resulted in a very loyal client base with a vast amount of repeat trade and word of mouth referrals.

We feel there is scope to increase the turnover as the business is currently run at a pace to suit our client. This is an excellent opportunity for a new owner to take this popular and thriving business to the next level; therefore early viewing must come highly recommended.


LOCATION
The Kings Arms occupies substantial two-storey premises, ideally located on the busy Main Street in the village of Ballantrae, Ayrshire. The property is surrounded by densely populated residential areas, from which the business derives much of its trade. The property boasts a large car park to the side of the business for approximately 25 vehicles. The business is ideally located for travellers using the Cairnryan and Stranraer Irish ferry terminals.

The hotel is an ideal base for tourists visiting both Ayrshire and `Bonnie Galloway`. There are many tourist attractions within the area including Alloway & Burns` Cottage, Culzean Castle and Castle Kennedy, as well as numerous golf courses.

The area is served by the public transport system, with bus stops within easy walking distance of the property. The area is also well served by the A-roads, with the business being situated on the A77, which links to the vast A-road and motorway networks. Girvan is approximately 12 miles away and Stranraer is 17 miles away.

PREMISES
Substantial two-storey premises in an ideal trading location, briefly comprising:

Ground floor:

Reception area.
Residents bar with seating for 40 persons.
Public bar with seating for approximately 30 persons.
Back lounge/function room with seating for 40 persons and pool table (also used as a dining room).
Committee/poker room.

Commercial kitchen with stainless steel preparation areas.
Preparation room.
Wash up area.
Large walk-in refrigerator.
Large walk-in freezer.
Storage rooms next to kitchen.

Ladies, gents and disabled WCs.

Large dining room with 50 covers.

First floor:

3 x large storage rooms.
6 x letting rooms, all of which are twins or doubles, two have en-suite bathrooms while the other four share two bathrooms.

Owners` accommodation:

3 x large bedrooms.
Lounge.
Bathroom with shower.

External:

2 x large beer gardens and smoking areas.
Large car park to side for approximately 25 vehicles.

Set in approximately two acre site.

TENURE
We are advised Ownership.
HOURS
To be advised.
STAFF
The business is owner run and managed with 11 x part-time staff members.

FINANCIAL PROFILE
The business generates a very healthy turnover in the region of 182,000 per annum, with a gross profit of approximately 58% as per accounts to 2016.



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