Hotel and restaurant lease sale

The Bein Inn – Hotel & Restaurant Lease Assignation

An excellent opportunity to acquire the existing lease of The Bein Inn, an established 17-bedroom hotel, bar and restaurant business in Perthshire.

The business is currently turning over in excess of £500,000 per annum, with strong accommodation and food trade. Average bedroom occupancy over the last 12 months has been approximately 65% across the full year, with considerably higher occupancy during the peak summer season.

The existing lease has just over seven years remaining, with an annual rent of £35,000.

Premium: £80,000, to include the majority of fixtures and fittings required to continue operating the business.

The hotel comprises 17 letting bedrooms, of which 12 are en-suite, with a further five bedrooms sharing two bathrooms.

The property benefits from substantial food and beverage facilities, including two principal restaurant areas: the main breakfast/day restaurant and a separate bar restaurant. Combined seating capacity is approximately 90 covers.

There is also a characterful secret bar/function space downstairs, providing approximately 20–30 additional covers and offering an excellent space for private dining, functions, parties and events.

The hotel has a fully equipped modern commercial kitchen capable of supporting a busy restaurant and hotel operation.

A particularly attractive feature of the property is the existing arrangement with the landlord for the provision of heating and hot water on extremely favourable terms. It is anticipated that this arrangement would continue with the incoming tenant, subject to agreement with the landlord.

The current tenants have invested significantly in the business and property during their tenure, establishing a busy hotel and restaurant operation with substantial existing turnover.

The lease is being offered for assignation due to a change in the current tenants’ circumstances and commitments across other businesses.

This represents an opportunity for an experienced operator to take over an established hospitality business with significant existing revenue, comparatively low annual rent and substantial accommodation, restaurant and function capacity.

Key figures

• Annual turnover: £500,000+
• Premium: £80,000
• Annual rent: £35,000
• Lease remaining: Just over 7 years
• Bedrooms: 17
• Average annual occupancy: approximately 65%
• Main restaurant/bar capacity: approximately 90 covers
• Additional private/function bar: approximately 20–30 covers
• Majority of fixtures and fittings included