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Profitable Hotel In Isle of Mull For Sale

Isle of Mull, Argyll and Bute
Asking Price:
£75,000
Turnover:
Available on request
Net Profit:
Available on request

It is with great pleasure that CCL offer for leasehold sale the Argyll Arms Hotel, a delightful hotel situated on the main road in Bunessan, a charming village overlooking the beautiful Bunessan Bay abundant with wildlife. This 6 letting room hotel is well equipped to cater for travellers making their way to the Iona Ferry some five miles away and tourists exploring the local area and abundant wildlife. With a popular bar and restaurant the hotel is the hub of the local community and new owners will quickly ease into a tranquil and idyllic way of life in one of the most beautiful spots that Scotland has to offer.

6 en-suite letting rooms
Public bar
70 cover restaurant
Games Room
Superb trading location on main road
Large carpark
Outside seating area
Excellent reputation
Room for expansion
EBITDA circa £40,000
Leasehold Sale
Offers over £75,000

The Argyll Arms is currently run by the owners with assistance from part time staff. It benefits from some excellent TripAdvisor reviews and is ideally placed to facilitate tourists exploring the southern part of the Isle of Mull, birdwatchers and those travelling to catch the ferry to Iona.

The hotel has 6 ensuite letting rooms made up of a family, a triple, a twin and 3 double bedrooms. Prices range from £60 per night for the single room up to £110 per night for the family room during the summer season. There is an opportunity to increase the number of letting rooms. The business has a seasonal element with very high occupancy levels from Easter through till the end of October. These levels dip during the winter months with the majority of accommodation made available to contractors frequenting the area.

There is a bar, a 70 cover restaurant, with a dining conservatory, and games room are located on the ground floor. These are very popular with guest and locals alike. The restaurant had an excellent reputation for good quality local sourced food. There is an opportunity to open up an additional bar in an area that is currently unutilised. Outdoor seating, and an additional 20 covers during fine weather, the Argyll Arms is incredibly popular in the summer months as guests will take full advantage of the stunning waterfront location.

It has a good mix of income from bar sales, accommodation and meals. The Argyll Arms currently markets via its own website and there is great potential to increases revenues via a concentrated online advertising campaign.

The Argyll Arms Hotel would be an ideal acquisition for a partnership with one a chef and the other front of house.

Property information

Property:

Leasehold

Location:

The Argyll Arms Hotel occupies a superb water front location overlooking Bunessan Bay. The Bunessan area has a wide range of facilities including a GP surgery, Sub Post Office/Spar grocer, Bunessan Bakery/Café, Fingal's Cave souvenir shop, Church of Scotland, Baptist Church, primary school and village hall. Fionnphort is approximately 5 miles away with a ferry to Iona and trips to Staffa (Fingal's Cave) and the Treshnish Isles. The Fionnphort area (8 Miles away) also houses the multi award-winning Ninth Wave Restaurant, The Keel Row Pub/Restaurant and The Ferry Shop selling groceries, hardware, books and souvenirs.

The Isle of mull is a haven to watch wildlife and in particular for bird watching. It is common to regularly see White-tailed and Golden Eagles, Hen Harriers, Great Northern Divers, Gannets, Terns and ground nesting birds including Skylark, Lapwing, Wheatear, Pipits and Warblers. Red Deer and Otters are regular visitors as are Common and Grey Seals. In the summer Basking Sharks, Dolphins and Porpoise can also be seen around the coastline. Mull has the largest breeding population of White-tailed (Sea) Eagles in Europe and the elusive Corncrake is a regular target species for 'twitchers' from all over the country.

The island of Mull was formed by volcanic activity many millions of years ago. Its northern coast is separated by the Sound of Mull from the land mass of Ardnamurchan, the most westerly point of the UK mainland. The island is renowned for its varied and extensive wildlife, marine life, geology, landscapes and sea views, together with its numerous bridleways and footpaths for walkers of all ages and levels of expertise including its very own Munro, Ben More.

The island is connected to the mainland by a short and regular ferry crossing to Oban or to Lochaline.

Premises Details:

This unique and traditional stone building dates back to the 19th century. Access is granted through the main front door leading directly into reception area.
To the right of the Reception area there is a modern restaurant and bar with a variety of free standing chairs and solid wooden flooring, which adds to the traditional charm of the hotel. The restaurant serves breakfast, lunch and dinner for up to 70 covers at a time, with food being prepared in the fully equipped commercial kitchen. There is a dual sided wood burning stove that separates the bar from the restaurant. At the rear of the dining area is the games room which has a pool table and dart board. This is very popular throughout the year with locals.
The public areas are well served by male and female toilets facilities. There is a front facing room on the ground floor that is currently unused. It could make a cosy traditional bar that would be ever popular with the residents of Bunessan.
The Argyll Arms offers 6 letting rooms in total all located on the first floor. Each room has a contemporary feel and has been decorated to a high standard throughout with modern furniture
Also located on the first floor is the main office, 2 bedroom owners flat, that is in need of some cosmetic upgrade, and the laundry. The flat could be altered to increase the number of letting rooms. On the upper floor is 3 bedroom staff accommodation, which could be used for owners if required.

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