Restaurant for sale

Old Perth Road - PH20

£395,000

Property Description

Commercial information

  • Business for sale

Key features

  • A SUPERB LIFESTYLE BUSINESS WITH DEVELOPMENT OPPORTUNITY
  • 50 - 60 Capacity Cover
  • Large Car Park,
  • Scope for Extension

Full description

Tenure: Freehold

Situation
Nestling above the River Spey, in Britain's largest National Park, The Cairngorms, with a backdrop of the Monadhliath Mountains, Newtonmore is surrounded by woodland. Larch, Pine, Birch and Alder predominate, creating a glorious tapestry of colour as the leaves turn in Autumn. Newtonmore's 'Wildcat Trail' is a 10km orbital walk around the edge of the village. The village was extensively used for the hit BBC TV series ?Monarch of the Glen?, many locations in Newtonmore have been seen as part of Glen Bogle, and the Castle itself is at Ardverikie (Loch Laggan side), just 16 miles away.

The locals believe this welcoming village, which lies south of Aviemore, marks the southern gateway to the Cairngorms National Park. The area was originally settled by the Picts. The railways arrived in the mid-19th Century, and Newtonmore thus became increasingly fashionable as part of the 'holiday in the Highlands' idea and hence the new town on the moor came to be.

Newtonmore enjoys a population of around 1,000 but is surrounded by lots of other nearby villages and towns. It also has its own railway station on the Highland Main Line. There are a number of visitor attractions including the Highland Folk Museum, where visitors can see how the ancient Scottish people lived and worked by exploring the mile-long outdoor site with its Living History Museum and working farm. Biking or walking the six-mile Wildcat Trail via the woods, moorland and rolling hills around the village is popular all year round.

The Business
The Newtonmore Grill is a traditional grill/café and restaurant with private licensed bar area, presented to the market with exceptional potential for expansion of both the existing business model and with great further scope for development of the larger outlying site for housing (subject to the necessary consents).

The business has built an enviable reputation amongst a wide variety of clients for over 20 years. Amongst these are business and industrial customers, locals and worldwide tourists seeking simple traditional fayre en-route to the city, or whilst traversing the West Highland Tourist Trail. Newtonmore Grill, Café Bar & Restaurant enjoys an enviable reputation locally, providing the ideal informal dining break for those seeking a less strict environment and good qualityfood. It is very popular with locals in Newtonmore too.


Public Areas
The grill, café bar and restaurant areas are entered via the main front entrance (additional private service access via rear entrance) leading also into all areas with an elegant hall opening into the stylish contemporary seating areas enjoying feature multi fuel stoves and open dining areas to side and front. There is a modern up to date commercial catering kitchen as per the traditional grill café model, set as a central feature with all associated support and ancillary equipment as well as point of sale associated display items, including mini ice-cream parlour. Beyond, to the rear of the premises, there is a lounge/bar type diner with tub chair seating and ample space for over 20 — 30 cover capacity, with fully licensed alcohol bar/gantry and LCD TV, together with further feature multi fuel wood burner. This area gives access to the outside where there is further seating to dine/drink in full view of the breathtaking surrounding tranquil scenery.

The grill, café bar and restaurant serve a mix of traditional and contemporary food including all day breakfasts, classic lunchtime meal combinations, as well as fry ups including sausages and burgers and main meals/snacks. The café bar and restaurant is also a known hub for tea and coffee breaks, serving a wide range of both. All food is locally sourced and cooked fresh to order. The business enjoys a first class reputation with significant repeat customers especially amongst locals and business / commercial travellers, as well as being the natural stopover for HGV drivers. It also has a good proportion of worldwide tourists stopping by en-route to Fort William and Inverness.

The business is currently employing one chef, assisted by 2 cooks/commis chefs and full/part-time waiting staff. The commercial kitchen is conveniently located adjacent to the dining areas, being equipped to full commercial modern standards and with all ancillary equipment. There is adequate space, storage and support to increase upon exis

Letting/Owners Accommodation
The attached 3 bedroom accommodation has traditional construction and is ideal for either a manager and / or staff, or for short and long term lettings and includes general facilities, i.e. kitchenette, bath/shower room and family room. There is also the option of utilising the above to alternatively provide ample owners’ accommodation on site.

The current proprietors have been associated with and managed the facility for over 15 years, taking over from a long established owner as the owners some 3+ years ago. They now seek to retire. There is good scope for a new purchaser to benefit from the existing busy business.

There is scope for sympathetic development, including additional extensions/conservatory conversions (all subject to necessary consents) within the outside garden and grounds, which are self-enclosed on all sides with excellent roadside location/main frontage and grounds extending to circa 1 acre or thereabouts. There would be good scope for a small bolt-on garden centre/nursery facility if increasing the business model.

Additionally, there is significant scope to develop the wider area of grounds either with a view to residential housing (potentially 5 large plots) or, alternatively, for letting/holiday accommodation ancillary to the main business. It should, however, be noted that the business trades very successfully under its present concept.

External
The business has existing parking for 20 - 30 cars and scope for further parking at the side and rear. There is good access to a further area of the large private enclosed car park for HGV parking on site, whether short term or long term. The garden areas are tidy and smart and there is further potential for side/rear outdoor garden/dining areas (in addition to that currently available). The frontage onto the main road is updated andattractively presented with a central strategic location easily seen on the main route entering/exiting the village from the south side).

Service Areas
The business benefits from having a good fully equipped commercial kitchen offering an excellent range of cooking appliances. There is also a wash up area, separate HGV/Commercial drivers’ toilets/shower rooms. There is ample storage within the building and contained within the grounds is additional outhouse storage. Ladies, Gents and Disabled toilets are well appointed within the premises. There is a rear service area.

Services
Mains water, electricity and drainage are connected including LPG central heating.

Tenure
The property is held on the Scottish equivalent of Freehold.

Trading Figures
The financial accounts for the business show an excellent turnover with very good gross profits. Full trading information will be made available to seriously interested parties after a formal viewing has taken place.

Summary
This is an excellent lifestyle business suited to a husband and wife team or, alternatively, via a manager in order to maintain high profit levels. Currently, the business is not exploiting the full potential and there is significant scope for a new purchaser to expand the business quickly and with little cost. The grill, café bar and restaurant is currently open from 6.00am — 10.00pm Monday to Friday, from 7.00am — 8.00pm Saturday and from 8.00am — 8.00pm Sunday. The licensed bar/lounge area is a free house facility and serves alcoholic andsoft drinks during normal licensing hours.

Price
Offers over £459,950 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and any items subject to lease.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Co. Please remember when viewing that staff/locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact Lynn Courtney on 0131 477 6060.

Business Finance Centre
For a free, no obligation quotation on the finance available to purchase this business, please phone THE BUSINESS MORTGAGE CENTRE — 0131 558 9832.

Website
Visit our website at www.bruceandco.co.uk for a range of other properties available.

Bruce & Co
Bruce & Co is the trade name of Bruce & Co Ltd. Registered in Scotland No: 190660.

Ref
36855.


Nearest stations

  • Newtonmore (0.4 mi)
  • Kingussie (3.1 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

  • Newtonmore (0.4 mi)
  • Kingussie (3.1 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.

Disclaimer - Property reference 36855. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Bruce & Co. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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