This is a rare opportunity to purchase a bar and restaurant with 8 letting rooms on the outskirts of Fraserburgh. Findlay’s is currently leased with approximately 2 years remaining and is being sold as an investment opportunity. The trading business may be available by separate negotiation. It would be an ideal acquisition for someone looking to enter the hospitality industry on a staged basis. Early viewing is highly recommended to appreciate the potential that this sale represents.
Bullet Points
Investment opportunity
8 en-suite letting rooms
50 Cover Restaurant
Large public bar
Fully licenced
Function suite
Secure parking
Excellent reviews
Location
Findlay’s is located on Smiddyhill Road on the outskirts of Fraserburgh and is ideally placed for tourists exploring the Nort East of Scotland or business travellers working in the local area. The towns of Peterhead, Banff and Turriff are a short distance away. Aberdeen is the closest major city approximately 38 miles away. Known as the capital of the North Sea oil and gas industry it has a busy international airport with a great range of daily flights and shuttle services to London Heathrow. It also has a main line rail station connecting to major hubs in Scotland and the rest of the UK.
Fraserburgh itself has excellent primary and secondary schooling and a great range of restaurants, shops and recreational activities. There are great beaches close by and the area is incredibly popular with surfers. Fraserburgh is situated in the most tranquil area of Aberdeenshire with stunning coastline to the North and rolling farmlands to the South.
Business
Findlay’s Hotel & Restaurant operates as a Restaurant with Rooms on the edge of Fraserburgh. It is currently leased with an annual rent of £36,000 per annum. There is approximately 2 years remaining on the lease.
The bar and restaurant are incredibly popular and well supported by the local community. There is a shortage of hotel rooms available in the town and area and therefore the rooms are very popular with tourists and business people.
The business may be available by separate negotiation.
Property
Findlay’s is a substantial single story modern brick building. Entrance is from the car park and into the main reception area. To the right hand side is the spacious function room and private dining room. To the left is the dining area and conservatory overlooking the front of the property. In total there is room for approximately 50 covers. There is a well equipped bar and servery. To the rear of the public rooms is the main service area which includes a spacious and well laid out commercial kitchen, walk in fridge, laundry, beer cellar and staff facilities.
The public bar has a separate entrance from the main carpark. It is very spacious with a long and well equipped bar. The room is set out with a variety of free standing tables and chairs. There is a pool table and darts board.
The letting rooms are situated at the rear of the property. In total there are 8 ensuite letting rooms. These comprise of 3 twin rooms, 2 double rooms, a family room, single room and a double room with disabled access.
The rooms can be accessed during working hours from the main reception and out of hours from their own private entrance.
External
The hotel is accessed via a private entrance from Smiddyhill Road and the large guest carpark is located at the front of the property.
Trading Information
Findlay’s is not being sold as a going concern and the purchase of the trading business would be by separate negotiation.
Services
The property has mains gas, water, drainage, and electricity.
Tenure
Findlay’ Hotel & Restaurant is being offered for sale on the Scottish equivalent of Freehold.
Price
£650,000 are invited, including fixtures and fittings.
Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and any items that are subject to separate negotiation, this will be available to all parties wishing to offer.
Summary
Occupying a prominent position on the outskirts of Fraserburgh Findlay’s is ideally positioned for passing trade and serving the local community. It is well known locally, has a great reputation, and is very well supported by the local community and visitors to the area.
The sale of Findlay’s is a great opportunity for someone either seeking a solid investment or looking to acquire a business with great potential that could be run as owner occupier once the lease expires.
