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Substantial And Profitable Inn, On Moray Firth Coast For Sale

Burghead, Moray, UK
Asking Price:
£290,000
Turnover:
Available on request
Net Profit:
Available on request

Substantial and attractive 5-bedroom Highland Inn set on the stunning Moray Firth coast.

Located within the thriving town of Burghead, this easy to operate business would ideally suit hands-on operators with hospitality experience.

Trading profitably from bar, accommodation and food sales; this is an attractive business providing an excellent trading platform.

Spacious open-plan bar licensed for up to 70 customers with 5 well-appointed en-suite letting bedrooms.

Owners’ accommodation to include a lounge, 2 large double bedrooms and a family shower room plus an enclosed garden area and external storage.

Property Information

Property:

Freehold

Living Accommodation:

An attractive feature of the sale is the private owner’s accommodation which is accessed from the rear aspects of the building at street level. The owners have a roomy lounge plus a dining area off the lounge. The owners utilise 2 large double bedrooms plus there is a family shower room. This accommodation would be ideal for family use.

Location:

The location of The Harbour Inn ensures that it benefits from the busy tourist season and also profits from the regular local trade. The town is situated on a peninsular which juts out into the Moray Firth which is famous for its dolphins, seals and whales. The harbour has a long tradition as a fishing port and is also popular with day visitors. The climate surrounding this part of the Moray coast is famous for its unique mild weather. On the West side of the town is a golden sand sandy beach which stretches along to the village of Findhorn.

Burghead is centrally located for exploring the wider Highland region and taking in its many attractions. Outdoor pursuits such as bird watching and fishing also draw a great many visitors to the area who take advantage of the abundance of wildlife. Within the Moray Firth sailing and other water sports are undertaken. For the dedicated golfer there are a number of outstanding championship quality golf courses within the immediate area, the most notable being Castle Stuart, Nairn and Lossiemouth. Castles and distilleries offer the more leisurely tourist ample places of culture, interest and history to visit. Burghead enjoys a very good geographic location and is an ideal coastal base from which visitors can continue their odyssey of the Cairngorm Mountains, Inverness, Culloden Battlefield and Loch Ness; all within an easy day trip.

The City of Elgin (Population c25,000) and Forres (population c5300) are only a 15-minute drive away and Inverness (the Highlands Capital) is a 50-minute drive. All these locations offer a vast array of shops, social and welfare facilities and amenities. Both Forres and Elgin have a main line railway station and Inverness Airport is 29 miles distant.

There is a GP practice, chemist, hairdressers, post office and general store within the town. The Headland Trust opens their Information Centre during the summer offering regular referrals for accommodation and food. Nursery and primary education are available within Burghead. For secondary education, free transport is provided to either Lossiemouth High School or Elgin Academy. Moray College is located in Elgin or the University of the Highlands and Islands is situated in Inverness.

Premises Details:

Description
The Harbour Inn is a substantial and attractive Victorian property with modern extensions. Prominently located in the village of Burghead, this easy-to-operate business is central to the thriving community of circa 1650 people. The subjects cover a deceptively large footprint offering spacious trading and owners’ accommodation. The Inn enjoys a prime corner frontage with strong signage and is offered in walk-in condition. Internally, the bar radiates character and charm offering a truly professional Highland welcome. All public rooms and service areas are in good condition. The bar can comfortably accommodate 70 customers and the 5 letting bedrooms are well-presented, all being en-suite. The Inn benefits from spacious owner’s accommodation making it a true lifestyle and home business opportunity.

Trade
The Harbour Inn is a well-established business trading very profitably whilst offering a comfortable lifestyle for proprietors. The business trades year-round generating income from bar sales, 5 en-suite letting bedrooms plus food service. The bar is licensed for 70 customers and generates a regular income from local trade plus the influx of visitors during the main tourist season (April – October). The Inn trades on a restricted level currently, which suits the personal preferences of the owners. Opening times are:

Monday: Closed all day
Tuesday to Friday: 5 pm - 11 pm
Saturday: Midday - Midnight
Sunday: Midday - 7 pm

The bar is a popular venue and draws in many customers, especially during the summer, who stay at the local caravan parks and campsites plus other accommodation in the area. In addition to serving meals on the premises, the Inn also offers a takeaway menu which could be developed further. The 5 letting bedrooms are popular with both tourists and business travellers, who normally stay on a bed and breakfast basis. The current proprietors provide a simple dining bar menu which is popular but accept that new owners with a penchant for catering could take the catering aspects to a higher level. Within the town, the burning of the Clavie held on 11th January each year, draws thousands of visitors to the village of Burghead to see the bringing in of the New year. During this event, the Harbour Inn operates to full capacity during its busiest night of the year by far.

The business generates a solid amount of trade through word of mouth but also utilises a range of web-based platforms. Their own website (www.harbourinnburghead.co.uk) is modern plus there is a Facebook page (www.facebook.com/Salbernmo3/). The Harbour Inn also features on a host of on-line marketing websites which are used to promote the business plus a number of community platforms. The business has a strong reputation which is reflected on review websites such as TripAdvisor and Hotels.com.

Staff
The extant operation employs a range of part time staff who assist with room change-overs, bar work and kitchen support.

The property
Of traditional stone construction, the Harbour Inn is a late Victorian property with more modern extensions to the rear aspects. The business presents a charming end-terrace property extending over 3 floors under a pitched slate roof. The Inn has an attractive frontage and is presented in very good condition, being considered as a turn-key operation for new owners.

Public areas / letting bedrooms
The property has a centrally located entrance from street level giving access to the open-plan bar. The character and charm of the property is evident in the attractive public areas and is reflective of the property throughout. The bar can accommodate about 70 covers on a range of free-standing tables and chairs. Set to the centre of the bar is the large servery, which dominates the whole area and therefore provides ample space to facilitate excellent service on busy nights. Within the bar there is a juke box, gaming machine and darts lane. The bar is serviced by ample ladies and gents W.C.s plus disabled facilities. The breakfast room is set to the first floor and has 4 tables to seat 8 guests.

The Harbour Inn has 5 letting bedrooms which are accessed on the first and second floors. All rooms are functional with quality furnishings and facilities, and some benefit from stunning seaward views over the harbour. The bedrooms are all presented in good decorative order with modern en-suites and are configured as follows:

Room 1 - Double bedroom with en-suite shower room
Room 2 - Double bedroom with en-suite shower room
Room 3 - Double bedroom with en-suite shower room
Room 4 - Double bedroom with en-suite shower room
Room 5 - Family room with double and 2 single beds with en-suite shower room

Service areas
The business benefits from a functional semi-commercial kitchen set to the first floor which is well provided for by way of facilities and equipment. There is a ‘dumb-waiter’ which sends meals to the bar on the ground floor. Within the kitchen there is ample storage units plus a breakfast bar for owners use. There is adequate general storage throughout. The cellar is located off the bar on the ground floor and has a keg drop from the main road, for ease of deliveries.

Grounds
The Harbour Inn is a substantial property and benefits from a prime roadside trading position. There is ample on-street parking plus additional parking within the town. To the rear aspects is a private garden which is set to gravel areas and patio paving. Surrounded by a high stone wall, this area offers a private space for the owners. There are outbuildings accessed from the garden which are used for general storage etc.

Services
The subjects benefit from mains electricity, water and drainage. Central heating is by way of central heating and hot water system. LPG gas is used for cooking. The business has a modern fire alarm system. The building is double glazed throughout.

Business Operation

Reasons for selling:

The Harbour Inn was purchased in 1994 and it has offered the vendors a successful lifestyle. It is their desire to retire from the hospitality trade that brings this highly attractive Inn to the market.

Other Information

Related Documents:

Contact ASG Commercial

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