FOR SALE
658245
The 19th Hole, Elie & Earlsferry, Fife
Established Bar & Restaurant — Leasehold Business Opportunity
An opportunity to acquire a thriving, fully operational bar and restaurant in one of Scotland’s most sought-after coastal village locations. With annual turnover in the region of £400,000, The 19th Hole offers an established business with scope for further growth.
Nestled in the picturesque villages of Elie and Earlsferry, near St Andrews, the business enjoys an idyllic setting overlooking the historic Elie golf links, recognised by The Golf House Club as the third-oldest golf course in the world. The area attracts holidaymakers, walkers and golfing visitors, including a strong American visitor market, with the Fife Coastal Path, surrounding seaside villages and golfing events adding to its appeal.
The bar and restaurant has a capacity of approximately 90 people and benefits from strong visitor footfall throughout spring, summer and autumn, with limited direct competition within the immediate village setting. Summer food service can reach approximately 100 covers per day, with weekday averages typically around 50–60 covers. The business currently operates reduced winter trading hours to reflect the seasonal nature of the village.
An established business with room to grow
The 19th Hole is offered as a turnkey operation, currently trading and staffed, allowing an incoming operator to take over an established business.
Having been run under management for the past two years, it would particularly suit a hands-on owner-operator or a buyer with an effective management team. There is scope to build on existing trade through a more active operational presence, targeted marketing and further development of the food and drink offering.
Favourable lease arrangements and supportive landlords
Annual rent is approximately £28,000, with around eight years remaining on the lease and a tenant-only break at year five, subject to confirmation of the exact dates.
The current operators have enjoyed a positive relationship with approachable, supportive landlords, who take care of building maintenance under the lease arrangements and have provided assistance with equipment and improvements. Fixtures and fittings are predominantly landlord-owned and available for use as part of the letting, with the precise inventory and responsibilities to be confirmed during the sale process.
Reason for sale
The sale is prompted by a change in personal circumstances and the owners’ wish to downsize their wider business commitments to spend more time with their young family.
This is a genuine opportunity to take on an established hospitality business in an exceptional coastal location, with existing turnover, strong seasonal demand and potential for the right operator to develop it further.
Serious enquiries welcomed.
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.
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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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