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Leasehold Restaurant & Bar, Royal Deeside (ref. 1181) For Lease

Royal Deeside, Aberdeenshire
Asking Price:
£90,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Our client has owned and operated The Learney Arms for 2 years during which time has carried out a total redevelopment of the site resulting in a wonderfully presented restaurant and bar offering mouth-watering food that caters to all dietary needs to be enjoyed with a wide range of beers, wines and spirits. The business has built up an excellent local reputation for fine food along with being a popular locals bar whilst also offering a takeaway menu and more informal dining with stone baked pizzas. The exposed stone work, bare wood and fireplaces inside give a wonderful homely feel for both locals and tourists alike.

The current owner has reluctantly placed the business on the market to concentrate on other business interests. A hands-on operator would undoubtedly be in a position to develop what is already in place.

The Learney Arms currently just trades 5 days per week and there is no reason why this should not be extended to seven days trading.

The former hotel part of the property (now separately owned) has also recently been converted into beautifully presented accommodation sleeping 24. The Learney Arms benefits from visitors to this using both the bar and restaurant facilities.

Leasehold. There is a 10 year lease in place from December 2016 with an option to extend for a further 10 years in December 2021 or December 2026. There is also a tenant only lease break in December 2021. Annual rent payable is £9,000.

Property information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

Leasehold. There is a 10 year lease in place from December 2016 with an option to extend for a further 10 years in December 2021 or December 2026. There is also a tenant only lease break in December 2021.

Leasehold Rent:

£9,000 per annum

Location:

The Learney Arms Restaurant and Public House is located in the beautiful village of Torphins in Royal Deeside. It occupies a prominent location on The Square within the village which is approximately 7 miles north-west of Banchory and 22 miles west of Aberdeen. Torphins sits astride the A980 routing not far from other popular Royal Deeside villages such as Lumphanan and Aboyne. Royal Deeside is home to Balmoral Castle and many other tourist attractions which encourages visitors to the area all year round. Torphins is ideally located as a commuter village for Aberdeen and also has on its doorstep a golf course and access to some of the best skiing areas in Scotland within the Cairngorms National Park.

There is a primary school within the village and a regular bus service to Aberdeen.

It should also be noted there is a 2021 Local Development Plan that hopes to further develop Torphins with new housing including a percentage of affordable housing - this would increase footfall significantly.

Premises Details:

The Learney Arms occupies the ground floor of a property which formerly incorporated hotel accommodation as well. The property is very prominent, located on The Square, with white-washed walls and car park alongside.

There is also an enclosed beer garden to the front.

Business Operation

Reasons for selling:

Other business interests.

Trading hours:

Monday & Tuesday CLOSED
Wednesday & Thursday 11am to 11.00pm (food served 12.00-2.30pm & 5.00-8.00pm)
Friday & Saturday 11.00am to midnight (food served 12.00-2.30pm & 5.00-9.00pm)
Sunday 11am to 10.00pm (food served 12.00-8.00pm)

Employees:
The business is currently run with some input from the owner along with 5 full-time and 3 part-time members of staff.
Years established:
Owned and operated by the vendor for 2 years

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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