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| Agent Ref No: | Bridge Restaurant |
|---|---|
| Category: |
For Sale Business for Sale |
| Type: |
Takeaway / Fish & Chip Restaurant / Café |
| Offer Type: | Offers in excess of |
| Price: | £140,000.00 |
| Rent: | Not Applicable |
| Yield: | Not Applicable |
| Date Listed: | 2012-05-17 |
|---|---|
| Size: | |
| Tenure: | Freehold |
| Min Rental Size: | Not Applicable |
| Property Status: | Business Currently Trading |
Long established restaurant and takeaway in superb trading locastion on busy A9. Yeasr-round turnover with excellent business development potential. Separate takeaway counter and 30-seater restaurant with dedicated parking facilities. Possible lease/sale of dwelling by separate negotiation. Easy to operate business model and well maintained subjects.
The Bridge Restaurant and Takeaway is situated in a prominent trading location just off the A9, the main arterial route from Inverness to Thurso, in an elevated position. The business caters for both the local population of the village including outlying areas, plus visitors / tourists who frequent the region in the spring and summer months. The Restaurant also caters for the many individuals travelling the A9 on business or transiting between the northerly regions and Inverness. Until October 2009 the premises were being utilised as a traditional Fish and Chip Shop with restaurant facilities. The business had been operated by the same proprietor for 18 years until their retirement. Presently the building is being used as a takeaway under the auspices of a short-term tenant. Within the village of Brora there are two Indian takeaways but now has no traditional Fish and Chip Shop but until recent times support two such ventures. With a population of circa 2500, the village and surrounding area could easily sustain a good quality Fish and Chip takeaway. There is scope to open the facilities all day during the summer months providing tea / coffee and light refreshments. There is little doubt that this business operation represents a good potential income for someone wanting to take on a more hands on approach and who can drive a good level of food provision and a high level of service to their customers. The restaurant has views to the village memorial clock tower and to the hills beyond. The business previously operated with the benefit of a license and new owners may consider obtaining a license under the Licensing Scotland Act 2005 which may provide a further income stream.
The village of Brora is one of the largest centres of population in Sutherland and the region is a tourist magnet, being renowned for its magnificent hills and rugged mountains. Brora has a staggering coastline with a long sandy beach and picturesque harbour: all sheltered to the west by rolling hills. The area attracts a high number of visitors who have historically frequented the takeaway/restaurant during the tourist season and who undertake a wide range of activities. Walkers and cyclists make use of the local terrain. The wide range of birdlife appeals to ornithologists and the rivers within the region support large numbers of sports fishermen. Brora has its own 18-hole links golf course which attracts many visitors to the area and this with touring, genealogy, Scottish castles and other historic sites makes the area vibrant in the summer season. The many local self-catering accommodation providers, hotels and guest houses generate a strong customer base for the services supported by the business.
The present owners operated the business for 20 years and have benefited from a good income from this successful outlet.
THE PROPERTY
The property comprise of a detached single storey building of block construction under a pitched concrete tiled roof. A store to the rear of the subjects has a flat roof. The car park to the front of the building can accommodate approximately 10 vehicles.
TRADING AREAS
From a prominent roadside location adjacent to the bridge centrally located within the village, the building has a prominent frontage and a commanding position, providing ease of access to both pedestrians and vehicles. The restaurant is presented to a good standard and is in good decorative order. With views to the front of the premises, the restaurant can comfortably seat 40 covers and extends to circa 495 sq. ft. There is a customer service area with electronic till and a partition which masks access into the kitchen. The business benefits from adequate ladies and gents W.C. facilties extension to approximately 170 sq. ft. The takeaway counter is accessed directly from the car park and is presented with a chilled servery and has its own electronic till; this area extends to circa 140 sq. ft.
SERVICE AREAS
The business comes with a fully functional commercial kitchen with extraction unit and stores areas. This area extends to circa 340 sq. ft. The building has a large storage area to the rear of the subjects which extends to approximately 160 sq. ft. which has electric and separate water supply.
SERVICES
The subjects are served by mains electricity, water and drainage, with the use of LPG gas for cooking. Heating is provided by free-standing electric heaters.
TRADING HOURS
The business operates 7 days per week.
TRADE
During the period ending October 2009 the Restaurant achieved a turnover of approximately £60,000, returning a net profit of circa £12,000 on a restricted trading basis. Full accounting information will be made available to genuinely interested parties subsequent to viewing.
OWNERS ACCOMMODATION
There is no owner’s accommodation with this property but the vendors have a 5-bedroomed house which they would consider selling/leasing as part of a sale.
PRICE & TERMS
Offers over £140,000 are invited for the freehold interest complete with goodwill and trade contents (according to inventory). A leasehold option may be considered by the vendors. Stock to be purchased by independent valuation.
FINANCE & LEGAL SERVICES
ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Head of Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have a large team of legal experts in-house and can act in all legal matters arising to include conveyancing and license transfers.
DIRECTIONS
The business is located in the village of Brora in the immediate vicinity of the bridge opposite the village clock tower just off the main arterial A9, Inverness to Thurso route. Inverness is 55 miles and Thurso 57 miles.
VIEWING
All appointments to view must be made through the vendors selling agents:
ASG Commercial
York House
20 Church Street
Inverness IV1 1ED
Tel: 0845 4500790
Fax: 01463 711083
OFFERS
All offers should be submitted in writing to ASG Commercial with whom purchasers should register their interest if they wish to be advised of a Closing Date if one is set.
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| Agency Name: | ASG Commercial |
|---|---|
| Agency Address: | 20 Church Street Inverness Scotland UK NB ASG Commercial is part of Anderson Shaw & Gilbert whose reg. no. quoted over |
| Agency Tel No: | 08454500790 |
| Agency Fax No: | 01463711083 |
| Contact Name: | Mr Paul Hart |
|---|---|
| Contact Tel No: | 08454500790 |
| Contact E-Mail: | info@asgcommercial.co.uk |