Restaurants for sale in Fife

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Y. MacGregor (Nov 2017)
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Freehold Price: £595,000 Price Reduced
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Business Description
• 3 Letting Rooms, Function Room & Public Bar
• Conservatory Restaurant, Owner's Accomm
• Award For Excellence and 4.5 out of 5 on TripAdvisor
• Turn-Key Business Opportunity, Coastal Location

Excellent lifestyle opportunity to purchase a beautifully presented hotel/restaurant in attractive coastal village setting. Early viewing essential.
Price: £595,000
REF: 42231

Bruce and Co. are privileged to introduce to the market The Upper Largo Hotel & Restaurant.

The business is situated in the village of Upper Largo, Fife and provides an excellent base for visiting Fife, The East Neuk and the East coast of Scotland. Upper Largo Hotel has been under our clients ownership for over 14 years and they have reluctantly now taken the decision to place the hotel on the market due to their need to concentrate on other business interests. Throughout their ownership they have continually developed and improved the business, which shows in the year on year increase in turnover and profitability. Our clients have recently carried out substantial renovations throughout the hotel, these renovation plans have been carefully thought out and implemented to a high standard which can only be truly appreciated through viewing the property and business.

We have been informed that annual turnover is in excess of £500k which is derived from a combination of restaurant & bar sales, letting room accommodation bookings and in addition, income is generated through private events and functions including weddings which are becoming increasingly popular at the Upper Largo Hotel.

The property currently has 3 well presented en-suite letting rooms offered on a bed and breakfast basis and the business has established an enviable reputation for providing a good service and first class food in the restaurant and bar with food served 7 days a week. Although marketing is carried out through the hotels informative website and the business is trading well with a great reputation, we believe that income could be further generated by expanding the marketing of this business, in particular promoting the functions and events held at Upper Largo Hotel.

Summary. Excellent lifestyle opportunity to purchase a beautifully presented, successful hotel in an attractive village setting. This opportunity would suit an owner operator however could also accommodate a management team.
Tenure: Freehold

Listed by: Bruce & Co

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