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Charming Cafe/Restaurant With Owners Accommodation Set In Broadford For Sale

Broadford, Highland, UK
Asking Price:
£370,000
Turnover:
Available on request
Net Profit:
Available on request

• Superbly-presented café / restaurant opportunity on the Isle of Skye set within an excellent tourist destination location.

• Outstanding trading operation with strong turnover (£130,000) and high profitability £60,000) as at March 2020.

• Trading on a restricted seasonal basis, 6 days per week and providing evening meal service only.

• Fully refurbished customer areas extending to 30 covers plus modern service facilities.

• Spacious owners house with 2 bedrooms, dining-kitchen, lounge and family bathroom.

• Easy-to-operate business model but with capacity for additional growth potential for new motivated owners.

Property Information

Property:

Freehold

Living Accommodation:

A most attractive aspect of the sale is the owner’s accommodation which is located above the restaurant but with a private access. This charming and modern home offers 2 bedrooms; a single room currently used as an office, plus a large double room with double aspect windows. Both bedrooms offer views towards Broadford Bay. There is a beautifully appointed and modern family bathroom. A modern fitted kitchen with dining area benefits from floor and wall mounted units and is tastefully appointed. A further charming feature is the spacious family lounge with characterful exposed stonework and views towards the bay; the lounge has double aspect windows. The living accommodation has full central heating and double glazing plus has additional storage areas.

Location:

The Isle of Skye is a popular tourist destination. The nearby Cuillin Mountains are a major attraction to walkers and climbers alike. However other less strenuous activities also attract a significant number of visitors including; fishing, golf and genealogy. Its location affords visitors access to areas of natural beauty both on the Isle of Skye and the mainland. The variety of wildlife and ornithology in the area cannot pass unrecognised as this is another attribute which helps establish Skye as one of Scotland’s strongest areas for tourism. The many prolific hill lochs offer the angler an opportunity to catch spectacular native wild brown trout. The area is renowned for its breath-taking scenery, stunning beaches, distilleries, castles and numerous other historic sites which lure a constant stream of visitors to this special location.

Broadford is a popular location with both residents and visitors alike. Broadford together with nearby Harrapool, is the second-largest settlement on the Isle of Skye. Lying in the shadow of the Red Cuillin Mountains, the town has a petrol station, supermarket and various shops etc. The restaurant is a short drive to the Skye Bridge crossing to the mainland and the main town of Portree is some 25 miles north. Primary school children would attend Broadford Primary School with older children being bussed to Portree High School. The city of Inverness, the capital of the Highlands, is approximately 88 miles away.

Premises Details:

Description
The Harbour Restaurant is a quaint family operated business, set within a prominent trading location in the attractive village of Broadford on the majestic Isle of Skye. The business has previously traded as a café / grill but its current manifestation is as a charming 30-seat restaurant presented in outstanding condition. boasting a lovely ambience. The customer area is set to around 45m2, displaying an excellent level of décor, with high quality fixtures and fittings. The business has compact but highly effective service areas. Offering an appealing range of modern and traditional cuisine, utilising a variety of locally sourced products, the business has a strong reputation reflected by many positive reviews. This popular restaurant has a growing and loyal clientele with many repeat customers. Significant aspects of the trading elements have been recently refurbished including new flooring, boilers, servery counter plus much more. The owners flat conveniently set above the restaurant offers a well-appointed family home with 2 bedrooms (1 double and a single) plus a spacious lounge and beautifully appointed dining-kitchen plus a quality family bathroom. The trading aspects and owner’s accommodation combine to provide a stunning lifestyle business opportunity and attractive home. The business is presented to the market in walk-in condition with little requirement for further significant capital investment.

Trade
The restaurant trades up to 30 covers, operating on a seasonal basis opening in early March and closing for service mid-October. The trading hours are restricted by choice of the current owners to 17:30 - 21:30 daily (excluding Tuesdays); they do not provide a lunchtime / daytime service, again due to personal preference. The current operation provides a fusion of Spanish and Scottish high-quality catering. This style of catering suits the current owners but other genres of food service would also be welcomed in this location. Indeed, the business could be operated as a café driving much of the business through daytime service. In addition to the well-received catering fayre, it is evident that the business offers a superb standard of customer care. Service levels at the Harbour Restaurant are supported by a small team of motivated staff employed on a casual seasonal basis.

Broadford is an established tourist destination during the main tourist season providing a readymade customer base for the business. The Harbour restaurant being a popular dining venue within the village. The existing easy-to-operate trading model generates a sustainable level of turnover and produces a high profitability ratio (see accounts section below). The current owners accept that there is greater demand for their services and there would be scope to provide lunches and open 7 days a week plus provide a year-round service thereby offering significant further growth potential The Harbour Restaurant has its own website and is also reflected on a number of community-based platforms. Boasting a sound reputation, the business has many positive comments on a range of review websites.

The property
The property combines a ground floor trading unit with a first-floor owners’ accommodation. The building dates from the early 1900s and is of stone construction under a mainly pitched slate roof. To the rear aspects there have been more recent extensions which are under sheet metal profile roofing. The trading elements are accessed from an entrance leading from the main street. Access to the flat is via a private external stair. Harbour Restaurant is a superbly-presented business with the current owners having invested significantly into ensuring the business is beautifully appointed. Prominently located, the frontage offers two picture windows affording some seaward views and excellent natural lighting which is supplemented by modern ceiling spotlights. The customer service area is comfortably set to 30 covers within an open-plan layout. To the left-hand extension of the restaurant is the newly designed solid wood service counter which facilities ease of excellent customer service. The restaurant has stunning Karndean flooring and tasteful décor. There are separate ladies and gents’ washrooms.

Service areas
The kitchen and support areas are ergonomically located immediately to the rear of the restaurant, enabling effective customer service. This compact facility is well-appointed offering ample workspaces and storage, complete with commercial extraction, and sufficient major appliances to meet all catering demands.

External
The restaurant has an attractive roadside frontage with excellent signage. To the rear of the subjects is a fully enclosed lawned garden, with two sheds for general storage. There is ample public parking locally.

Development potential
Harbour Restaurant trades seasonally (Mid-March to October) and only 6 days per week (closing Tuesdays). The business currently provides an evening meal service only. The vendors believe that there is scope to trade year-round and open throughout the day as there is strong demand for lunch and café services. Trading 7-days per week in the main season would immediately boost turnover.

Services
The property benefits from mains electricity, water and drainage. LPG gas is used for cooking and the building benefits from oil-fired central heating and hot water. The premises are fully compliant with Environmental Health and Fire Regulations.

Accounts
Trading figures show The Harbour Restaurant generates a solid turnover and a high profit conversion ratio based upon a 7.5-month trading period. The excellent results below are based upon a restricted trading pattern:

2020 2019
Income £130,643 £134,001
Adjusted Net Profit £60,516 £66,334

Full accounting information will be made available to seriously interested parties subsequent to viewing.

Business Operation

Reasons for selling:

The current proprietors purchased the property in November 2011 and have taken great pride in developing their business to its current successful level. It is their desire to retire from the restaurant trade that brings this charming opportunity to the market.

Other Information

Related Documents:

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