Pub for sale

The Garret Bar, The Square, Mintlaw, Peterhead AB42


Offers over
£270,000
S.O.A.

Description

• Well-established and substantial bar and restaurant set within a central location in the thriving village of Mintlaw.

• Located on the intersection of the A950 and A952 and prominently situated, the bar is an iconic venue within the village and surrounding area.

• Attractive and spacious bar plus a large lounge dining area (70 Covers) which offers a versatile trading space which is ideal for functions.

• Supported by a large well-equipped commercial kitchen and customer facilities providing a solid operating platform.

• Simple business model trading mainly wets sales and some food which would perfectly suit hands-on operators with catering experience.

Description
The Garret Bar and Lounge is a highly popular venue with some catering output set within the town of Mintlaw. The bar is central to this rural community of circa 2700 people but attracts a much larger customer base from the outlying villages etc. The subjects have a subdued façade but enjoys a prime roadside frontage, affording ease of access coupled with excellent signage. Internally, the property is deceptively spacious with public rooms and service areas being presented in generally good condition. The two main expansive customer areas offer a flexible space to develop the business further. The front trading bar has the usual pool, darts, TVs etc. That make it a well-liked destination bar. The rear lounge area is set to mainly free-standing tables and chairs, ideal for supporting a food service including functions of all types. The bar is a pivotable entertainment and social centre for the village and wider area. The extensive kitchen facilities could allow the business to focus on a range of trading models; simple bar fayre, sit-in dining, takeaways etc. The Garret Bar and Lounge is supported by ample guest washrooms and storage facilities. This is an easy to operate proposition as a bar but with excellent catering development potential.

Linked sale
The vendor of The Garret Bar and Lounge is also undertaking the sale of Pitfour Arms Hotel which are located adjacent to each other. This presents a development opportunity to trade both businesses in tandem, providing business economies of scale and synergies in service provision.

Trade
The Garret Bar and Lounge has been a well-established business with a sound reputation locally. The business is currently operating under a lease which is due to come to an end on 29th May 2021. The current tenant operated the business successfully for 10 years and it is only now that he wishes to retire, that it is presented for sale. We understand that the business generates sound profits and the vendor previously operated the bar which produced a strong level of income. Trade in recent years has mainly operated on a wet-sales basis with the provision of a food service for pre-arranged functions only. There is capacity to develop the food service to a much greater extent and the premises would suit a take-away style business.

The business is supported through local customers but there is a demand from tourism in the main holiday season (Easter to September). The Garret Bar and Lounge presently does little to actively promote trade and does not have a business website which provides a development opportunity for new owners, who could stamp their own personality and vision on the business. The business has a Facebook page and is represented on a range of web-based platforms, including TripAdvisor. This easy-to-operate trading model, has excellent potential to generate a solid income and thriving business going forward.

Location
The location of the Garret Bar and Lounge ensures that it benefits from the busy tourist season and also profits from the local population who support the business year-round. Mintlaw is Buchan's largest village with a population of around 2,700 inhabitants. There are currently 1000 new houses being built in the village (in progress with developments at the North and South of the village). Lying almost equidistant from the towns of Fraserburgh, Peterhead and Ellon, Mintlaw is a central focal point for the many surrounding villages and the large rural community within the County. The village has a thriving community which has prospered from its association with the oil and gas industry, which is a major employer plus the connection to the rural landscapes and farming is also self-evident. The nearby Pitfour Lake, around a 5-minute drive from the bar, is a popular walking route with beautiful scenery. The Aden Country Park also provides several popular walking trails set close to the bar. Though some miles from the coast, the village also has some associations with the fishing industry. The community within the village is well-served with a wide range of shops and local amenities such as recreational and welfare facilities. Schooling is provided in the village with 2 primary schools and an academy.

Mintlaw is centrally located for exploring the wider Aberdeenshire region and taking in its many attractions along the North Coast. Outdoor pursuits such as bird watching and salmon fishing draw visitors to the area who take advantage of the abundance of wildlife. For the dedicated golfer there are a number of outstanding quality golf courses within the immediate area including Cruden Bay, Murcar, Royal Aberdeen and Trump to name a few. In addition, there are castles, distilleries and many more places of interest which offer the more leisurely tourist an abundance of places of culture, interest and history to visit. Mintlaw enjoys a very good geographic location being on the cross roads of the A950 and A952 making it an ideal base from which visitors can continue their odyssey of the North of Scotland. Royal Deeside, the Cairngorms National Park and some stunning coastal destinations are all within a fairly short drive.

Mintlaw is located in the heart of Aberdeenshire and is well within commuting distance to major towns and cities such as Aberdeen (30 miles) and Peterhead (9 miles). Peterhead is one of the busiest fishing ports in Europe and the largest town in Aberdeenshire, offering an array of amenities. Aberdeen is a vibrant city with excellent travel links and international airport, shops, restaurants and live entertainment venues. The City also has two world-class universities.

Reason for sale
The Garret Bar and Lounge was purchased by the vendor in October 2005, providing a successful family trading operation. Over the past 10 years the business has been leased out and now that the current tenants wish to retire, this highly attractive business is being presented to the market as a freehold sale.

The property
The Garret Bar and Lounge is a 2-storey end-terraced property with washrooms and storage areas set to the ground floor and trading areas on the first floor. The bar has a prominent frontage with ample off-road public car parking to the rear of the subjects. Throughout the property is presented in sound condition.

Public areas / service areas
Access is located at street level from the main square leading to an Inner-hallway. At this level there are gents' washrooms. Stairs lead to a first-floor hallway where access is gained to all other areas. The bar area and lounge are located on the left and the commercial kitchen to the right. The main bar is an open expansive space with a large bar servery. There is a darts lane and pool table which support local league activity for these pastimes. The lounge area is set to a free-standing tables and chairs and can be configured to arrange of function types, including dances. The business benefits from a spacious and functional kitchen, which is well-equipped and capable of a high level of food service. A large functional chilled cellar with a keg hoist is situated to the rear aspects of the first floor. Within the kitchen is ample storage areas plus there is a separate office / store room. Ladies' washrooms are situated on the first floor. There is a further storage area set to the ground floor.

Owner's accommodation
There is no owner's accommodation available as part of this sale. However, the vendor also owns a number of high-quality flats within the immediate area and would be happy to provide a competitive rental rate as part of the purchase of the Garret Bar.

Grounds
The Garret Bar and Lounge is a substantial property and benefits from a prime roadside trading position. There is ample public parking to the rear of the building. There is a spacious ground floor storage unit within the building which is accessed externally.

Services
The subjects benefit from mains electricity, gas water and drainage. The business has electrical storage heating plus is mainly double glazed.

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Property reference
CP56401_264