Restaurant for sale

Gayfield Road - DD11

£275,000

Property Description

Commercial information

  • Business for sale

Key features

  • Situated in prime trading location
  • Excellent potential for expansion
  • Free House
  • Ideally Situated for Arbroath Football Club

Full description

Tenure: Freehold

Description
The town of Arbroath is situated around 15 miles east of the city of Dundee on the shores of the Firth of Tay. Arbroath is a traditional fishing port although a marina has recently been constructed to encourage pleasure crafts. Arbroath is best known for its fish known as "Arbroath Smokies" which is haddock browned and flavoured by smoke on an oak fire. Arbroath also has a large caravan site attracting tourists to the area with one of the main attractions being Arbroath Abbey dating back to 1233. There are also numerous golf courses nearby including the championship course at Carnoustie. The Tutties Neuk Inn has a prime trading location astride the A92 benefiting from spectacular sea views. The business is also directly opposite Arbroath Football Club and the popular theme park, Pleasureland.

Business
The Tutties Neuk Inn is a very well renowned business generating income from both food and wet sales. The mainstay of the business is from regular local custom allowing it to trade profitably all year round. It also benefits immensely from being located next to Arbroath Football Club and becomes well patronised on match days. Also, the supporters buses leave from the Tutties Neuk Inn when the team are playing away from home. The car park opened in August 2008 and it is already favourably impacting on sales. The car park can be accessed from both sides of the A92.

The business has been owned by the current proprietors since 2004 and they have placed the business on the market due to their impending retirement from the licensed trade. The business is run by the 2 owners with the assistance of 2 full time and approximately 5 part time members of staff. The business is open all day with food offered at lunchtime and in the evenings and all day at weekends. The current owners, once a year, raise money for charity by organising a fun day for families in the park directly opposite the business. The event is called "Tutties in the Park" and has helped raise the profile of the business. Again, this also favourably impacts on sales. Due to the owners' ill health, however, the business has not been run to its full potential and there is excellent scope for expansion.


Public Areas
The public bar is designed and decorated in traditional style with new carpets/lino floor, wooden panelled walls and a large timber bar servery along one wall. Seating has now been modernise to red velour banquette style seating and cushioned bar stools all around wooden bar tables.

Contained within the bar are 2 dartboards and a fireplace with gas fire. The public bar has its own gents toilets.The restaurant sits adjacent to the public bar and can be accessed internally from the public bar and also from its own external entrance at the front. The room is spacious in size, is split level and can cater comfortably for around 50 covers. Again, the restaurant is designed and decorated in traditional style and has its own bar servery that works on a side to side basis with the public bar. The room is laid out with new carpeted floor and also a dance floor, lending itself nicely to cater for private parties. The room is furnished with cushioned wooden chairs around wooden tables. The restaurant also has its own ladies and gents toilets.

Service Areas
There is a large well equipped kitchen with a good range of commercial kitchen equipment. The kitchen has recently been completely refurbished. These developments include; new equipment, new wall coverings and new flooring.

Other service rooms include a cellar and general storage areas.



Building External
The car park can accommodate up to 18 cars.

Owners Accommodation
The owners accommodation comprises 2 double bedrooms, family bathroom, large lounge and kitchen. The flat is accessed by a separate entrance and is situated above the bar. The owners accommodation has recently been refurbished.


Tenure
The business is offered on a freehold basis including the spacious owners accomodation situated above the premises.

Accounts
Full trading information will be made available to seriously interested parties after a formal viewing has taken place.

Summary
The Tutties Neuk Inn is a well renowned business trading successfully from both food and wet sales. The business benefits highly from its prominent trading location on the A92 directly across from Arbroath Football Club. The business has excellent potential to grow sales further.

Price
Offers over £275,000 are sought for the freehold interest. Stock in trade will be additional at valuation.


Nearest stations

  • Arbroath (0.4 mi)
  • Carnoustie (5.7 mi)
  • Golf Street (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Arbroath (0.4 mi)
  • Carnoustie (5.7 mi)
  • Golf Street (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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