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Pub/restaurant and self catering accommodation

Reference
S11639
Turnover
£1m to £2m
Sector(s)
Food & drink, Hotels & restaurants
Region(s)
Scotland
Added
24 May 2024

Business description

All under one roof, there is a family dining room, a function room for events and a dog-friendly bar.
The property also includes self-catering accommodation, above the tavern itself; Burngreen House. This is for those who wish to enjoy time well spent in a picturesque corner of Scotland. It previously served as spacious owners accommodation.
The function room proves to be particularly lucrative for the business. The room can accommodate up to 150 seated guests and up to 250 standing. The room can be the ideal venue for weddings, birthdays, conferences, awards ceremonies and extended family dinners. However, there is no doubt that the classic bar is the heart of the tavern. With live sport, live entertainment, a jukebox, pub quizzes and a delicious menu of food and drink all available throughout the week, there is something for everyone to enjoy.

Located in the heart of the stunning, historical town of Forres, the self-catering apartment situated above the tavern offers the perfect base to explore the Moray coast with many activities and attractions all just a short drive away. The four-bedroom apartment forms the top two floors of the property and provides a very spacious and modern accommodation space which can allow for up to twelve guests.
With just the right amount of tartan the dining room is a welcoming Scottish tavern but with an up-to-date look and feel. A mix of booths, benches and round tables means the room can accommodate up to 70 guests with up to 16 guests per party.

The property is available on a freehold basis.

Highlights

Turnover for year-end 2024 was £1.5m.

Adjusted EBITDA for year-end 2024 was £192k.

Property also includes self-catering accommodation above the pub itself.

Multi-purpose function rooms provide additional sources of revenue.

Located in a truly picturesque area of Scotland.

Large space outside the tavern with an opportunity for renovation.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 1,047 53
2021 (Actual) 1,094 52
2022 (Actual) 1,530 192

Opportunities

  • There is a large space outside the tavern which can be used as a makeshift beer garden during the summer months. There is the opportunity to renovate this area to make it even more appealing and increase capacity further. 
  • There is a large 3 story older storage building which could be developed with the necessary consent to provide further accommodation or trade areas.

Prospective purchasers

Reason for sale

Owners looking to explore new opportunities having operated this business for the last 18 years. 

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