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Stunning Boutique Inn in Edinbane, Isle of Skye with Refurbished Restaurant, Lounge Bar, and Profitable Trade

Edinbane, Scottish Highlands
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Stunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of Skye Photo 1
Stunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of Skye Photo 2
Stunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of Skye Photo 3
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Stunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of Skye Photo 5
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Stunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of Skye Photo 9
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Stunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of SkyeStunning Boutique Hotel with 7 Bedrooms and Stylish Bar/Restaurant on the Ever-Popular Isle of Skye
  • Status

    FOR SALE

  • Date Submitted:

    16/09/22

  • Advert ID

    500415

  • Reference

    Edinbane Inn / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £870,000
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Attractive Business
  • High Turnover
  • Established Business
  • Prime Location
  • With Car Park

Business Details

Stunning Boutique Hotel with 7 Bedrooms and Stylish Bar Restaurant on the Ever Popular Isle of Skye

  • Stylish refurbished boutique Inn set on the ever-popular Isle of Skye.
  • Very profitable business operation.
  • Stunning, newly refurbished restaurant and bar providing 78 covers.
  • Delightful property with 7 comfortable letting bedrooms blending contemporary design with traditional features. 
  • Spacious garden grounds incorporating development opportunities and generous parking.

DESCRIPTION
The Edinbane Inn is a Victorian property which benefits from exceptional contemporary internal design. The property has enjoyed significant investment which results in this property being presented to the market as an extremely high-quality turn-key operation. An exceptional business is offered with a strong and sustainable trading platform. As well as the extensive sympathetic upgrading of the areas of the building enjoyed by guests, the owners have also developed the ‘behind the scene facilities’ A full system of soundproofing has been installed. The Inn enjoys a great reputation as a bar venue for popular music sessions, so this improvement Ensures a good night’s sleep for all guests – essential on an evening of lively traditional entertainment. The fire system, electrics, hot water and heating have all been upgraded to a high standard.

The owners have been granted “planning in principle” for a dwelling house on the grounds to the rear of the property. They have also been granted planning permission for the development of the sheds to the rear of the property to include a complex of a further 5 letting bedrooms. This extensive area could also be considered for glamping pods should the relevant permissions be sought. These grounds extend to 1.5 acres together. Plans and details are available on request.

Originally built as a farmhouse, the property is fresh and stylish and provides a comfortable space for both residents and non-residents alike. Diners can choose to eat in the lounge bar area, which has seating for 40 guests or in one of the two attractive restaurant areas which are all located on the ground floor, serving a further 40 covers. The bar itself is large and has an open area, with fireplace and wood burning stove where drinks can be enjoyed whilst awaiting a table. Stairs lead from the bar to the first floor where the 7 stylish en-suite bedrooms are located. 

Behind the scenes, the well-equipped commercial kitchen is spacious and well designed. Generous storage, preparation areas and large fridge and freezers all contribute to this well-run operation.

The Inn effortlessly blends a modern contemporary feel with the elements of an old farmhouse, retaining traditional characteristics resulting in a truly impressive property. 

REASON FOR SALE
The current owners purchased the Inn in 2010. Now with a young family and having invested heavily in the infrastructure of this impressive business, they have decided to pursue other interests which brings this unique opportunity to the market. New owners have the opportunity to take this beautifully decorated platform and develop the business, to take it to the next level of operation.

TRADE
The business trades 7 quality letting bedrooms plus very popular restaurant facilities and a modern bar. Over the last couple of years the restaurant has established an excellent reputation resulting in advance bookings being required should visitors wish to guarantee a table. The lack of good eateries in the near vicinity adds to the popularity of this venue with the Inn quickly becoming a destination location for the many people who both holiday and live on Skye. In the Summer months, the Inn can serve over 90 meals during the evening trade, turning over the tables at least twice during each session. The business operates with an exceptional turnover and high profitability. The Inn benefits from excellent reviews on various websites and features in the Michelin Guide for good cooking. It uses VisitScotland and is AA recommended as well as offering a popular Facebook page. During the main season the business generates near 100% occupancy through the use of their own website and the booking platform ‘freetobook’. The business uses booking.com during the shoulder months. Trading seasonally, from mid-march to the end of October, the business presents a strong and sustainable business model, but also offers the potential to drive trade further by extending the operation and increasing lunchtime trade.

STAFF
The business operates with a full team of staff covering all areas of operation. The team comprises of 7 full-time staff plus additional casual staff as required. The business has the benefit of being able to accommodate staff in local rented accommodation which is part of their employment package.

LOCATION
The Isle of Skye, is located on the north western coast of Scotland and is a world-renowned holiday destination for a great number of reasons, appealing to a wide range of visitors. The Summer season sees the population of the Island increase significantly. Portree is the cultural hub for Skye, and the largest settlement with a population of around 2500.  Skye’s rugged Cuillin Mountains are known to walkers and climbers the world over and visitors are drawn to the spectacular Trotternish Ridge to the north as this wild area is dominated by astonishing rock formations such as the Old Man of Storr, Kilt Rock and the truly extraordinary pinnacles of the Quaraing.

Fishing, water sports and genealogy are constant attractions along with breath-taking scenery, castles, distilleries and a Highland welcome.  The village of Edinbane lies on the A850 at the foot of the Waternish Peninsula 14 miles from Portree and 8 miles from Dunvegan. The village is based around crofts with a small primary school and pottery.  The Edinbane Inn is situated in the centre of the village. The area has a significant number of campsites, self-catering units, bed and breakfasts etc. which generates a great deal of footfall to the Inn. 


PUBLIC AREAS / LETTING BEDROOMS
The entrance to the property from the car park is through a modern wooden vestibule leading into an attractive open plan lounge bar area.  The tastefully decorated lounge bar is set with modern soft and free-standing furnishings to seat 40 diners, providing a relaxing area for guests. The lounge bar has a characterful wood burning stove with an exposed stonework surround. Mention has to be made of the recent upgrades to the excellent washrooms including disabled facilities, all located on the ground floor to the rear of the subjects.  Seldom are restrooms presented to such a high standard but this reflects the attention to detail and quality fixtures that are favoured by the vendors. Off a central corridor are further modern and stylish eating areas, which can seat up to 40 covers. Again, the quality of the décor, and fixtures and fittings, reflect the lovely taste of the owners.

The Inn has 7 boutique bedrooms, all with modern en-suite facilities. In-room services include modern televisions, tea and coffee, hair dryers and complimentary toiletries.

The rooms are all located on the first floor, and are configured as follows:

Room 1 - Double bedroom with en-suite shower

Room 2 - Large king-size bedroom with en-suite shower

Room 3 - Double bedroom with en-suite shower

Room 4 - King-size bedroom with en-suite shower

Room 5 - Large king-size bedroom with bath and separate shower

Room 6 - King-size bedroom with en-suite shower

Room 7 - Double bedroom with en-suite shower

SERVICE AREAS
The property benefits from spacious catering facilities, ergonomically laid out and well situated for service.  The modern commercial kitchen has a full range of catering equipment and effective extraction system to support a high level of food production.  Off the main kitchen, additional space is used for preparation rooms, washing up areas and storage. The kitchen has a dry goods store and the business benefits from excellent general storage. The business has a beer cellar and other storage areas.

PRIVATE ACCOMMODATION
Periodically, one of the letting rooms (Room 7) is used for staff accommodation. However, there are a number of rooms on the second (attic) floor which require further development. The owners have been granted “planning in principle” on the land to the rear of the subjects for a dwelling house.

GROUNDS
The property is well sign-posted with access from the road into the parking area to the front and rear of the subjects on a gravelled surface. A grassed area is located to the front and is set to picnic tables which is popular in the warmer months. The owners have been granted “planning in principle” for a dwelling house to the rear. They have also been granted planning permission for the development of the sheds to the rear of the property to add a complex of 5 letting rooms. 

SERVICES
The business benefits from mains electric, water and drainage. LPG gas is used for cooking and central heating.  Throughout the property has been fully rewired and has a modern fire system. Wi-Fi is available throughout.

DEVELOPMENT OPPORTUNITIES
The owners been granted “planning in principle” for a dwelling house - 22/00351/PIP. They have also been granted planning permission for the development of the area occupied by existing sheds to create a complex of 5 letting rooms - 22/00706/FUL. Both applications are located on the grounds behind the hotel which extend to 1.5 acres.  Drawing information for both is available either directly from the selling agents or from the Highland Councils planning web site.

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Stay Safe

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.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

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.'.

Stay Safe

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.

Stay Safe

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.

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The data showed regarding this advert 'Stunning Boutique Hotel with 7 Bedrooms and Stylish Bar Restaurant on the Ever Popular Isle of Skye - Edinbane Inn / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.