Tailrace

Riverside Road, Kinlochleven, PH50 4QH

A WELL ESTABLISHED BUSINESS, IN A STUNNING WEST HIGHLAND LOCATION

The Tailrace is located within the beautiful scenery of Kinlochleven and Glencoe, providing a seasonal business for both local residents and tourists to enjoy. The iconic West Highland Way Walk passes through the Village and leads to Fort William, with the Tailrace often the final overnight stop before walkers take on the final leg of their journey. The premises provide a varied offer, with a buzzing public bar bustling with locals socialising and discussing current affairs and sport around the roaring log fire. The lounge dining area offers comfortable surroundings for those tourists and locals to enjoy a meal from the traditional Pub menu, featuring Scottish classics. The six letting rooms also provide a relaxing stay for visitors to the area. The site is in excellent condition having benefitted from a recent refurbishment, this is an exciting opportunity for a new operator to take this Pub to the next level

Location

Kinlochleven is a village located in Lochaber, in the Scottish Highlands and lies at the eastern end of Loch Leven. To the north lie the Mamores ridge; to the south lie the mountains flanking Glen Coe. The village was formed from two previously separate small communities - Kinlochmore to the north of the River Leven in Inverness-shire and Kinlochbeg to the south of the Leven in Argyll - following the construction of an aluminium smelter and associated housing for its employees. The processing plant was powered by a hydroelectric scheme situated in the mountains above, and made Kinlochleven the first village in the world to have every house connected to electricity, coining the phrase "The Electric Village". Today it is a notable tourist destination and centre for mountain pursuits This is a sesaonal site while also at the heart of the local community. the iconic West Highland Way Walk which starts from Milngavie (Glasgow) to Fort William with the route passing through the village.

Business Information

Annual rent

£56,000

Weekly rent

£1,077

Entry costs

£25,650

Turnover royalty

n/a

Forecasted Operator Turnover

£488,209

Forecasted Operator Profit (inc machine profit)

£58,856

Forecasted Operator Machine Profit

£3,000

Average Beer & Cider Discount*

£108

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Flexible 1 Year Foundation Agreement - giving you the ability to build trade and have lower ingoing costs. Flexible terms available by negotiation.

Entry costs approximately £25,650.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is £14,000. Fixtures and Fitting will be rented with weekly payments made.

Deposit

£14,000

Fixtures & Fittings

£0

Legal Admin Fee

£350

Broker Fee

£0

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£25,650

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 133 4 0
2018/19 179 7 0
2017/18 170 28 0

The trade area consists of one large main lounge bar area with generous dining space for up to fifty plus diners with plenty room around the bar area for social drinking, as well as a breakfast room/additional dining/restaurant area for around twenty people. There are also six letting bedrooms all with en-suite facilities. Externally there is a licensed patio area with benches and tables, which can seat around thirty six people, there are car parking for six vehicles

Trade Bars

1

Trade Dining Areas

1

Trade Kitchens

1

Trade Food Covers

70

Trade Gardens

0

Trade Patio Areas

1

Trade Rooms to Let

6

Meeting Rooms

0

External Child Play Areas

0

Function Rooms

0

Customer Car Park Spaces

6

Current Premises License Opening Hours

Mon - Sat: 11:00 - 01:00
Sun: 12:00 - 01:00

There is on site accommodation comprising of a lounge, two bedrooms, a kitchen and bathroom, suitable for a husband and wife team with up to two children

Private Rooms

6

Lounge

1

Dining Rooms

0

Double Bedrooms

1

Single Bedrooms

1

Bathrooms

1

Toilets

1

Private Kitchens

1

Offices

0

Bedsits

0

BDM Portrait

I am seeking an experienced operator or even a Husband and Wife team with some hospitality experience who could really drive profit from this stunning site. The business is well established and would focus from a team with real passion and desire to focus on delivering outstanding customer service. If this could be the right business for you, then please contact our recruitment team for further information

Billy Guthrie, Business Development Manager

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