a superb and well-run restaurant & bar operation. 100 covers and is exceptionally well equipped. Two luxury letting apartments/possible owner accommodation. Outstanding Tripadvisor reviews and huge levels of repeat business. Trading for 15 years as a Mexican restaurant and bar. Currently run under management. Ideal for hands-off or hands-on owners. 12k turnover per week on only 37.5 hours of trade. Huge turnover growth potential for new owners. Ideal bolt-on business/potential “rollout” concept. Easy-to-learn kitchen and food offerings. Walk-in condition. Significant capital investment by owners in future-proof property. Outdoor seating: 30. Car park for 20 vehicles. A high-quality and discerning business opportunity.
FREEHOLD Guide Price: £575,000.
The tranquil village of Bonnybank is situated to the north of Kennoway, close to the nearby towns of Leven, Cupar, Glenrothes, Kirkcaldy, and St. Andrews. The business is located on the A916 from the town of Kennoway, leading to Cupar, St. Andrews, and the East Neuk of Fife.
The village of Bonnybank offers an elevated position, with the property offering panoramic views to the east and south towards the East Lothian coast and Edinburgh. Although offering a semi-rural location north of Kennoway, within a 15-minute drive, there is a population catchment area of approaching 150,000 residents made up of the greater Levenmouth area, Glenrothes, Kirkcaldy, and Cupar.
The Bonnybank Inn is a very special business indeed. A hugely popular bar and Mexican restaurant business owned and operated by our clients successfully for the last 5 years. The business has traded as a very successful and renowned Mexican restaurant for the last 15 years in total. Our clients are rightly very proud of the hugely impressive business they have managed to build with an experienced staff team. The business trades with a growing, impressive turnover as well as currently being the #1 restaurant on TripAdvisor in the Levenmouth area. Custom is driven by a variety of different sources.
Our clients have invested very heavily in creating two luxury letting apartments. The apartments could easily be reverted to owner use or continued as very lucrative passive income investments. Each flat is accessed via its own private entrance at the rear.
To the rear of the property, there is a well-presented large gravel-lay car park (20), several outdoor lockable sheds and stores, as well as a secure and fenced-off bin store. There is also a small monoblock garden area to the front with outdoor benches for circa 30 covers.
The main public areas have been extensively refurbished by our clients since they took ownership. The bar and restaurant are offered in first-class, turn-key, walk-in condition. Significant capital has been spent on property future proofing, including a new roof and several “unseen” prominent property expenses, including electric, heating, and plumbing.
At present, the business only trades 5 days a week (closed Monday & Tuesday) and only serves food from Wednesday to Friday. Therefore, there is a significant opportunity for new motivated owners to open the premises 7 days a week and offer food all day.
