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Fully Licensed 35 Cover Restaurant Premises Situated in the Centre of Forres

Forres, Moray
Leasehold Price:
£49,995
Status
FOR SALE
Advert ID
249532
Reference
16016715 / Rightbiz

CCL Property are delighted to bring to market Peppermill, a fully licensed 35 cover restaurant premises situated in the centre of Forres. The property occupies a prime trading location on the local High Street which benefits from an exceptionally high volume of passing trade.  This is a well-established business with a high annual turnover and the opportunity for new owners to expand the business. An early viewing is highly recommended to truly appreciate the quality of facilities that is on offer.

 

 

Leasehold

35 Cover Restaurant Premises

Liquor Licence

Well-equipped Commercial Kitchen

Prominent High Street location

Excellent Reputation

Offers Over £49,950

 

 

Situation

The property occupies an excellent High Street trading location, in the centre of Forres. The surrounding area contains mainly ground floor retail usage with residential or commercial usage on the upper floors.  A range of high street shops, small retailers, cafes, restaurants and leisure facilities are on offer in the vicinity. 

 

A formal Royal Burgh, this traditional town boasts a tourist trade and hospitality sector, offering a range of activities and entertainment to locals and visitors; including hiking and cycling; fishing, hunting, and an 18 hole golf course; and museums, monuments and castles.  Forres is also located on the renowned Whisky Trail with its many active distilleries.  The town has an active community and an attractive High Street, with close connections to Scotland and Britain in Bloom ensuring the public areas and parks are immaculately maintained and beautifully presented.

The town is located along the A96 and is extremely well serviced with good road and rail networks providing links to Inverness, Aberdeen and their respective airports. The nearby town of Elgin provides extensive retail offerings in addition to a wealth of recreational, cultural and leisure activities.

 

Business

 

Peppermill is an easily managed and well ran business. Owner operated, this 35 cover restaurant trades six days per week with the aid of 2 x full time and 3 x part time members of staff.  The food served at the restaurant is highly rated by both locals and tourists. The business prides itself upon using the freshest and highest quality ingredients and having a diverse menu serving a selection of large and small dishes. Breakfast service opens at 07:30am Tues – Friday and 09:00 Sat - Sun, and food is served all day until 16:00 with separate lunch and evening menus.  The restaurant is fully licensed to serve from 12:00-22:00 daily for customers.

 

The quality of services provided ensures that the business maintains a steady trade with a strong income and attractive projections for the future.  It benefits from year-round trade and enjoys strong repeat business from locals and visitors throughout the year.

 

The premises profits from its position on the High Street and proximity to the centre of the town and as such reaps the full reward of the strong trade and established demand for meals exists in the area.  All equipment, fixtures and fittings pertaining to the business are included in the sale.

 

The Property

This ground floor property is accessed via a front door into the main restaurant dining area where a number of free-standing tables and chairs are set in a flexible configuration. The room has a contemporary interior, with a mix of hard wood and carpeted flooring, and can seat 35 covers. A bar service counter with refrigerated display cabinet and barista coffee machine is situated at the rear of the room, behind which the public WC’s are located.  From this point, access is gained to the kitchen which is fully fitted and equipped to accommodate for a commercial restaurant. To the back of the room, a door leads to the rear entrance hall from which a staff WC and a spacious stock/storeroom with wash stations and dishwasher are accessed.  There is also a functional private office.

 

External

The building is constructed from traditional sandstone and slate and forms part of an attractive terrace property. Large windows maintain a bright environment full of natural light.  On street parking is available outside the building with numerous public parking areas located in the vicinity.  

 

Services

This property has access to mains electricity, gas, water and drainage.

 

Trading Figures

Full trading figures will be made accessible after a formal viewing has taken place

 

Viewings

Viewings are to be arranged via sole selling agents; CCL Property.

 

Tenure

This property is held on the Scottish equivalent of a freehold.

 

Legal Costs

Each party will be responsible for their own legal costs incurred in the transaction.

                                                   

Price

Offers over £49,950 are being considered for the business. This price includes all fixtures, fittings and the goodwill of the business.

 

Summary

The sale of Peppermill presents an excellent opportunity for a new owner to manage a successful restaurant in a superb location and an enviable reputation with both locals and visitors. The business benefits from a variety of local attractions for visitors and a prominent location on the local High Street.  The restaurant can serve 35 covers and offers a range of food options.  An early viewing is highly recommended for this property to appreciate the quality of this business in person.

 

Listing Details
Leasehold Price: £49,995
Tenure: Leasehold
Location: Forres, Moray
Sector: Restaurants
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Contact Agent
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Advert Reference: 16016715 / Rightbiz
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