FOR SALE
27/05/22
296096
24158029 / Rightbiz
A wonderful opportunity has arisen to purchase the Cullen Bay Hotel, a long established and incredibly popular hotel that benefits from its elevated position and stunning panoramic views over the Moray Firth. This 14 ensuite bedroom hotel has been tastefully extended and upgraded over the years and has become a very popular stopping point for tourist wishing to avail of some of the most beautiful and breath-taking scenery that the North East of Scotland has to offer. The charming hotel has an excellent mix of income from wet, food, accommodation, and functions. Viewing is highly recommended to appreciate the flexibility and potential that the purchase of the hotel offers.
The Cullen Bay Hotel is situated in one of the most picturesque locations on the north east coast of Scotland. Set in a secure site the property sits in a prominent, elevated position and enjoys stunning sea views over the moray coast and a links golf course.
The property is located a short walk from the town centre of Cullen, with many amenities including excellent award-winning restaurants, shops, and links golf course. The small traditional town boasts an extensive tourist trade and hospitality sector.
Cullen is ideally situated approximately midway on the A98 between Inverness and Aberdeen, 20 miles (32 km) east of Elgin and is a popular seaside holiday destination largely due to its fine long sandy beach, golf course and walking trails. With a number of holiday lets and accommodation, a collection of local services, cafes, and attractive small shops, both tourists and locals alike are well serviced.
The Cullen Bay Hotel has been successfully run by the current owners for the last 9 years during which time it has been tastefully upgraded and refurbished. The hotel is open throughout the year, but the main season is from Easter through to October. During the summer months occupancy levels approach 100%.
The hotel has two restaurant dining rooms that can cater for 80 covers at any one time and benefit from stunning panoramic views that are incredibly popular with guests and locals alike. There is also a large and well-presented bar. The hotel is licensed from 1100 to 0100 throughout the week. Lunches are served from 1200 to 1500 and evening meals are served from 1700 to 2030
The Cullen Bay hotel has a large function suite that is exceptionally popular. It is frequently booked for weddings and the location makes a stunning backdrop for ceremonies. The hotel sits on a 2 acre plot and the walled garden is a perfect venue for hosting an elaborate reception where a marquee can be erected to accommodate up to 250 guests.
The hotel has a good mix of income across all revenue streams and there are a great number of areas where the business could be extended; such as the function suite and providing entertainment. Additional rooms could be added to the hotel.
The business is run by the owners with the assistance of a general manager and 3 shift managers. There are 4 part time housekeeping staff, 8 kitchen staff and 7 part time front of house staff.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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