* Outstanding opportunity to purchase a charming and traditional Highland bar and restaurant within the picturesque village of Maryburgh.
* Central location with mature leafy garden grounds presenting a sound lifestyle business opportunity plus a lovely family home.
* Well-established and popular business trading on a year-round basis, from a strong food offering supplemented with wet sales presenting a profitable "home and income" proposition.
* Sale includes an attractive and modern 3-bedroom house for resident owners with private and secure garden grounds.
* Well-presented trading areas plus idyllic beer garden with extensive car parking; all set within c1 acre.
* Easy-to-operate establishment, ideal for first-time buyers with catering development potential.DESCRIPTION
The Cottage Bar and Restaurant is a popular and well-established Highland business set within a tranquil location, within the thriving community of Maryburgh. Benefitting from an excellent setting, the property dates back to early 1900s and has a prominent position within the village. The business takes advantage of an easy-to-operate bar and excellent restaurant and function facilities. The three main trading areas have a distinctive and unique feel. The bar is a warm and cosy traditional operation, benefitting from a solid fuel stove and a range of fitted and free-standing furniture. The smart conservatory, set to attractive dining table and chairs, is a lovely, bright and airy dining venue. The function room provides a versatile and well used trading space, popular with a number of regular groups. The external trading elements include bench seating for the summer days and nights plus a covered smoking area.
The business is well-supported by good service areas; a well-appointed commercial kitchen has modern appliances and there is spacious storage including a chilled beer cellar. A most attractive feature of the sale is the excellent 3-bedroomed owners' house, one en-suite bedroom is on the first floor and two others on the ground floor. There is a contemporary open plan kitchen / dining room / lounge. The house has a modern family bathroom set to the ground floor. The extensive trading elements and charming owner's accommodation combine to make this an excellent proposition for first-time buyers or an extended family. This would be an ideal venture for a couple with a penchant for quality catering.TRADE
The Cottage Bar and Restaurant has strong year-round support from the local communities. In addition, there is a significant seasonal demand from the large number of tourists who holiday within the area from April - September. The business benefits from being recommended by many local accommodation providers. The operation drives strong turnover from its excellent food offering, with also consistently high wet sales. The current owners believe there is scope to generate stronger restaurant trade where new owners were experienced or motivated 'foodies'. The business supports a dominoes team and the local football club plus is the meeting place for many groups and clubs. The external beer garden with smoking area is popular during the warm summer evenings. The turnover of the business for the FY 2017/2018 is IRO £250,000 with a creditable adjusted net profit. The business operates with the support of a small but dedicated team of staff who reside in the local area. The business has an experienced chef who has been in situ for a number of years.LOCATION
The Cottage Bar and Restaurant sits centrally to this popular picturesque village, The village of Maryburgh is located approximately two miles to the west of the market town of Dingwall and 11 miles north of the Highland capital of Inverness. Local amenities within the village include a local shop/post office. There are bus links to both Inverness and Dingwall. Primary schooling can be found locally, with secondary schooling located in Dingwall, where a wider range of shops and services, including supermarket shopping can be found. A more comprehensive range of amenities can be found in Inverness City Centre including bus and train stations, bars, restaurants, high Street shops, cinemas, Inverness Leisure & Aquadome and Eden Court Theatre. Inverness Airport is located at Dalcross approx. 7.5 miles east of Inverness.
The Cottage Bar and Restaurant is in an ideal central location for touring and exploring the Scottish Highlands with excellent access to the beautiful West Coast and Plockton, Inverewe, Ullapool and Gairloch. The Victorian spa village of Strathpeffer, complete with 18-hole golf course, is only a short drive away. The picturesque area surrounding Maryburgh makes a popular tourist destination today with an abundance of walks and cycle tracks. Fishing, golf and winter field sports are amongst other pursuits attracting guests to this welcoming area. There is salmon fishing available on the nearby River Conon and trout fishing available on a number of lochs. Tourists travel to appreciate the spectacular Highland scenery whilst ornithologists and naturalists find a host of bird and wildlife for their enjoyment. The village makes a good base for touring, whether taking in a whisky trail, a Scottish castle or a visit to mystic Loch Ness, all make for an exciting day out within comfortable reach.REASON FOR SALE
The current owners purchased the Bar and Restaurant in 2004 and have developed the internal aspects of the property making it an attractive and popular venue. Having developed a strong trading platform, the owners would now like to retire from the hospitality sector presenting this superb opportunity to the market, ready for new owners to take it to the next level.THE PROPERTY
The site is easily located and is well signposted. The original building dates from the early-1900s and is of mainly stone construction under slate roof. The original subjects were built for a local doctor and in 1979 were converted and extended for use as a bar etc.; the conservatory being added in 2005 by the current owners. The property is mainly set over the ground floor with one bedroom being set on the first floor. The subjects are set within about an acre with mature leafy gardens and ample car parking. THE BAR
The trading elements of the property are all situated to the ground floor and are accessed from a door off the main car park and beer garden. Entry is via a vestibule which opens into the main bar with a secondary door leading to the conservatory. The bar is presented to an excellent standard, with wooden floor and bright lights, and is supported by an attractive bar servery. The bar can comfortably accommodate up to 60 customers and benefits from a juke box and gaming machine. Within the bar is also a darts lane. Benefitting from a multi-fuel stove, the bar has a mix of booth style seating, plus free-standing table and chairs, and comfortable soft furnishings. The public bar has quality bathrooms for both ladies and gents. There is also an internal entry from the owners' house.THE CONSERVATORY
The conservatory is a splendid venue to enjoy dinner, with lovely settings in a bright and airy space. This aspect of the business drives much of the catering trade. Set to around 30 covers, the conservatory is popular for small functions and celebrations.THE FUNCTION ROOM
The function room is set to the rear of the bar and can be accessed from the conservatory. It has seating for 60 covers but can accommodate up to 80 guests for informal events. This well-presented room is a favourite with locals for events; the function room can be set up for a range of activities and is self-contained with its own ladies and gents' bathrooms.
To the rear of the bar servery is a tidy preparation and wash-up room, which in turn leads to a modern well-appointed commercial kitchen. The kitchen benefits from an array of stainless-steel units and appliances, with a commercial extraction unit. There is also a large general storage room and a spacious chilled cellar. A corridor from behind the bar leads to the owner's private accommodation.OWNERS HOUSE
A most attractive feature of this sale is the spacious owner's house which extends to 3 bedrooms. The house has a private access from the side of the property leading into a spacious hallway which, in turn, provides access to the open plan kitchen / lounge / dining area. The master bedroom and family bathroom are set to the ground floor, as is the second bedroom. An en-suite bedroom is located on the first floor. The house is presented in excellent order and to a high standard of décor. The kitchen is modern with both floor and wall mounted units. There is a range of compact storage / utility rooms. An internal doorway leads into the bar / restaurant.EXTERNAL AREAS
The business has a spacious car park to fit up to 20 vehicles plus a beer garden with 3 bench tables set to the front garden which is mainly laid to lawn. To the rear of the aspects there is a private fenced garden area with a green house and polly-tunnel. Within the grounds is a further bench area and covered smoking pagoda. There is also a large workshop set within the grounds. SERVICES
The business benefits from mains electricity, water and drainage. The house also has gas-fired central heating and is double glazed. LPG gas is used for cooking within the business. The bar has a solid fuel stove. The premises are fully compliant with Environmental Health and Fire Regulations. The business has CCTV.LEASE TO BUY HEADS OF TERMS
Capital Premium: £35,000
Fully refunded from sale price when purchased in three year period. Non-refundable should sale not occur.
Rent Payments: Quarterly in advance
Rent Reviews: End of Year Three - No extension permitted unless under offer.
Lease Duration: 3 Years. This is a lease to buy within a three year period.
Leaser Type: Full Repairing and Insuring; lessee bears the cost of Insurance. Landlord takes out insurance and tenant reimburse.
Is accommodation included?: