Restaurants for sale in Inverness

View the "The Castle Tavern, 1-2 View Place, Inverness" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £900,000 Leasehold Price: £100,000
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Business Description
Unique opportunity to acquire an iconic Tavern in the heart of Inverness. Superb trading location with views to Inverness Castle and the River Ness. Prominent and highly attractive frontage situated on a busy thoroughfare. High performing business with rising turnover producing strong profitability from both wet sales and restaurant income. (Adjusted Net Profit 2014 £167K). Sustainable year-round business model with strong local support whilst benefitting from consistently high levels of tourist related trade.
Tenure: Freehold, Leasehold

Location Details:

The Tavern is situated immediately across from Inverness Castle, in an elevated position with views to the River Ness. The trading location ensures a high level of passing trade both from tourists and locals alike. Inverness is a popular tourist destination with a high number of hotels, guest houses and self-catering establishments swelling the number of inhabitants to the City during the spring and summer months.

Leasehold Term:

Ingoing premium of £100,000 payable on entry. Rent £80,000 per annum payable monthly in advance. Leaseholder will insure contents. LEASE TO BUY – If purchased within 2 years – 100% of the Ingoing premium will be deducted from agreed selling price. If purchased in year 3 – 50% of the premium will be deducted. Year 4 onwards – no refund will be given. Stock will be sold at cost valuation.

Downloadable Documents

Listed by: ASG Commercial
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