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7 bedroom hospitality for sale

The Shore House Inn, Lochgoilhead, Argyll, PA24

Offers Over £560,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments and C1 Hotels

Key features

  • Exceptionally modern 3-Star (VisitScotland) Inn set in a majestic natural setting at the head of Loch Goil within Loch Lomond & the Trossachs National Park.
  • Wonderful shoreline location on the Cowal peninsular benefiting from superb customer facilities providing a relaxing ambience with splendid panoramic views.
  • Spacious and contemporary restaurant area to seat up to 42 diners with a bar seating 32 plus additional covers on the terrace offering alfresco dining.
  • Excellently presented establishment with growing turnover trading to a consistently high level with strong adjusted net profits (c54,000 in 2015).
  • Currently trading 5 out of 7 days with undoubted further business development potential.
  • Four superior quality letting bedrooms and spacious owners / staff accommodation.

Full description

Tenure: Freehold

The Shore House Inn is a spectacular loch-side property trading as a 3-Star (VisitScotland) Inn providing a restaurant with charming rooms. This superb property is in a stunning location providing a real opportunity to own an established business and fantastic home with a wonderful outlook. The original subjects date from the 1850s but this extended and modernised Inn perfectly balances modern standards with the character of an older property. The blend of the old and new seamlessly come together to form a charming property of character and style. Sitting right beside the beautiful sea-loch, Loch Goil, this majestic coastline offers a tranquil holiday setting which is most popular. Under the auspices of the current owners the premises have been fully renovated to a very high standard, offering outstanding customer facilities and comfort.

The businesses' main income stream is generated through the catering aspects providing a varied menu that suits a wide ranging customer base. The architect designed restaurant utilises natural materials and maximises best use of natural light delivering a relaxing ambience with exceptional panoramic water-front views. Externally the loch-side seating on the large lawn and stone terrace with bench tables is a popular dining option for many during the height of the main season. Internally the premises caters for 42 people in the restaurant and can comfortably seat 32 in the characterful bar which serves an extensive range of single malt whisky plus the highly popular real ale from Fyne Ales. The bar is also popular for informal music evenings. The restaurant and bar trade only 5 days per week during the summer season (closing Monday and Tuesday) and is restricted further during the winter by closing on Wednesdays also. The accommodation aspects comprise of 4 quality en-suite letting bedrooms providing a high level of comfort and are traded year-round. The rooms are let even when the restaurant is closed. The business utilises its own attractive website to market itself with an appealing 'virtual view' but also relies on portal websites to ensure a high room occupancy uptake.

Lochgoilhead is a popular holiday destination and the area benefits from the neighbouring self-catering Holiday Lodges at Drimsynie Estate which are only a few minutes' walk away. Within the wider region there is a high number of B&Bs and holiday homes which also generate footfall to the village and therefore potentially to the Inn. The peak trading period is from Easter to October but The Shore House Inn operates year-round apart from a 6 week period when the vendors take their holidays. This is possible due to the fact that many holiday home owners live in the village during the quieter trading months. The business has a strong reputation both with visitors and amongst the local population for the fine quality and variety of catering. The Inn is situated on the Cowal Way which is an increasingly popular walk stretching its 57 miles from Portavadie in the south and winds its way up through the peninsula to end at Inveruglas at Loch Lomond.

This is an excellently presented establishment trading to a consistently high level with strong net profits (circa 54,000 in 2015) which could easily be enhanced by trading 7 days per week year-round. It is reasonably considered that new owners, especially where one takes a hands-on role in the catering aspects, could drive the business to the next level. The current owners have enjoyed the benefits of operating a successful business since 2004 but it is their desire to change direction and undertake a more relaxing lifestyle that brings this outstanding venture and quality of life operation to the market.

Lochgoilhead is a charming and thriving village located on the Cowal Peninsula within the Loch Lomond and The Trossachs National Park, widely considered to be one of the most beautiful areas in Scotland. The village is surrounded by stunning scenery with hills and breath-taking lochs. Lochgoilhead is situated off the A83 and is fifty miles from Glasgow, only a 90-minute drive from the centre and a 60-minute drive from Glasgow International airport. With a population of about 400 this can dramatically increase in the height of the tourist season due to the large number of holiday homes in the area. The local economy is largely dependent on agriculture, forestry and tourism for employment. The village has a post office / convenience store, a village hall, primary school and a doctor's surgery. The area has many associations with outdoor activities, including the National Activity Centre for the Scouting Association and the Ardroy Outdoor Centre. Water sports are undertaken from the village, as are boat trips in the summer. Fishing is popular within the region, be it sea fishing or river angling for salmon and brown trout. There are many popular local walks within the vicinity of the village including the Donich Circular plus the aforementioned Cowal Way. Within the village is a 9-hole golf course. The locality is also incredibly rich in wildlife which include red squirrel, pine marten, otters, red deer and badgers. The lochs are home to seals and porpoises. A variety of birdlife can be seen with two of the favourites being eagles and buzzards.

The business is well-signed from the road leading into the village. Originally a Church of Scotland manse, The Shore House Inn is of mixed construction type. The original stone building is under pitched slate roof and was constructed in the mid-1800s. The recent timber restaurant extension has a full-length window to its loch-side perspective. Throughout, the property has been fully redeveloped to a high specification and presented in walk-in condition.

Customer entry to the dining aspects of the Inn is through a door situated to the loch-side of the building. A corridor leads to the main restaurant to the right and bar to the left. The architect designed open plan nature of the restaurant allows for flexible use of the space which is set to quality free-standing furnishings. A stunning feature of this atmospheric space is the large full-length window offering superlative views to the loch. A further appealing aspect is the 'open' kitchen which enables customers to observe the catering team preparing their meals. Off the restaurant is the relaxing and traditional bar with its tartan carpet and stone walls adding to the allure of the property. This area is popular and is set to fixed bench seating plus free-standing tables and chairs. Off the bar area are well-appointed customer washrooms including a disabled W.C.

Access to the 4 letting bedrooms can be either from the bar or from a dedicated entrance to the side of the building. From a spacious hallway, stairs lead to the first floor and all 4 rooms. These rooms are spacious and are configured to:

Room 1 - Loch facing double room including feature fireplace, spacious en-suite bathroom with shower over bath
Room 2 - Loch facing double room with en-suite shower
Room 3 - Twin bedded room with en-suite walk in shower
Room 4 - Double room with en-suite shower benefitting from open views towards the golf course

The guest rooms are all comfortable, finished to a high standard and benefit from heated towel rails, excellent storage, hospitality trays and hair dryers. There is scope to bring the en-suite room on the ground floor into use as a further letting room where new owners are content to use the staff quarters on the attic floor for their personal use.

The spacious well-equipped commercial kitchen is open to the restaurant. It has a fully effective extraction unit plus a wide range of equipment. Of special note is the traditional Italian wood-burning pizza oven. Off the main cooking area is a food preparation room which is well-appointed offering a high standard of facilities plus excellent support services, refrigeration units and food preparation aids. There is a separate pot-wash area. In addition the property has ample storage and a spacious cellar.

An attractive feature of the sale is the very comfortable owners accommodation situated on the ground floor. Accessed from a side entrance the accommodation comprises of a large lounge, spacious office and en-suite double bedroom. In addition, there are two further double bedrooms on the attic floor which have a family bathroom. A most appealing aspect of the owner's accommodation is the tremendous loch views.

The subjects have an area of amenity space to the front of the property with walled garden grounds to the other aspects of the property. Mainly laid to lawns, there is a stone terraced area with bench seating. Customer parking is adjacent to the business and is rented separately from the Church of Scotland for c250 pa. Access to the shoreline is via a path running to the front of the property. There is a store shed where freezers etc. are kept.

The subjects benefit from mains electricity, water and drainage. LPG gas is used for cooking and an oil boiler for central heating / hot water. The subjects are fully compliant with extant fire and EHO regulations as at April 2016. The property is mainly double glazed.

The Energy Rating of the property is 'G'.

The business operates Wednesday to Sunday opening from 12:30 to 14:30 and 17:30 to 20:30 for food. The current trading model allows for significant business expansion should new owners wish to increase income and therefore profitability which currently sits at 54,000 (2015). Full accounting information will be made available to seriously interested parties subsequent to viewing.

The Shore House Inn operates under the Licensing Scotland Act 2005 and a copy of this will be made available to interested parties post viewing.

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