THE PLOUGH INN, MID STREET, KEITH, MORAY, AB55 5AE. A S GCommercial. Offers in the Region of 295,000 (Freehold)

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1 THE PLOUGH INN, MID STREET, KEITH, MORAY, AB55 5AE A S GCommercial Offers in the Region of 295,000 (Freehold)

2 Rare opportunity to purchase a fully licenced and traditional Pub and Function Suite. Tremendous Home and Income lifestyle opportunity for a firsttime venture into the licenced trade, with the potential to develop other aspects if desired. Trading profitably (adj NP 65K 2016) on a strong year-round basis from wet sales only, with excellent local support, business patrons and tourism. Prominent location on Mid Street with good frontage and parking to the rear. Sale includes a modern 3/4 bedroom flat for resident owners or as letting rooms subject to consents.

3 DESCRIPTION The Plough Inn is a popular and well-frequented North-East inn which benefits from an excellent trading location on Mid Street, within the popular town of Keith. Established in the mid-1880s, the business benefits from strong year-round local support together with additional seasonal demand from tourists who holiday in the area as well as business patrons. The Plough Inn is the main sponsor of the local Islavale FC Junior football team, has teams playing in the strong local darts and pool leagues and is the hub of the town s yearly four-day Traditional Music and Song Association Festival. The Plough Inn drives strong turnover from purely wet sales, making it an easily run business. It also benefits from a small function suite located to the rear with private access and toilet facilities for both male and females, and which can support events for between 60 and 80 individuals. The room benefits from having its own private bar, which is served by a recently built cellar and store. A small dance floor, built-in sound system and spacious booth seating makes this a popular venue. Entry to the bar itself is directly off Mid Street, from which the two doors open into a spacious bar area which has attractive wood panelling round the bar and a welcoming fire. The bar area also benefits from a pool table, juke box, gaming machines, darts board, CCTV and widescreen TVs offering both SKY and BT Sports, popular with patrons. The large commanding servery is fully equipped for all the business needs, including chill cabinets and glass washer. Customers can choose from a wide selection of draft and bottled beers, minerals, wines and of course spirits, which are conveniently dispensed from a good range of optics. The business trades on wet sales only, which makes it an easy-to-operate opportunity for new owners, whether or not they have previous experience in the licenced trade. However, should new owners wish there is a kitchen area which could be developed to provide catering and introduce a food service to the bar. The attractive flat is located above the bar and has private access from the side lane. A flight of stairs leads up to this spacious and bright apartment which has a large lounge, modern fitted kitchen and bathroom and three double bedrooms with two further attic rooms. There is no doubt that this would make a comfortable family home or indeed, with the correct planning permission in place, be available as letting bedrooms. LOCATION The bustling town of Keith is an important stop on the Speyside Whisky Trail thanks to Strathisla Distillery, the oldest working distillery in Scotland dating from A long-established whisky town, it has also added beer brewing to its mix of industries, which includes farming, engineering and retail. The town boasts three distilleries in total, on top of numerous traditional shops, plenty of good restaurants and a wide range of accommodation ranging from hotels and guest houses to B&Bs and self-catering cottages. The town has become a centre for arts and culture, being the first place in Scotland to be bestowed the title Scots Toun, and with an annual Traditional Music and Song Association Festival which has just celebrated its 40th year in Keith is also home to the only school in the world teaching kilt making and creative embroidery, the Keith Kilt and Textile Centre. There s a great range of independent shops available, with butchers, bakers, a deli, ladies fashions, pharmacies, newsagents, furniture, flooring, framing, electrical and arts and crafts. Primary and secondary schooling are both available in the town, along with a variety of clubs and sports facilities. There is an abundance of community spirit, low crime rates, excellent property values, easy access to coast and countryside and swift connections to the cities of Aberdeen and Inverness via road, rail and bus. Following 10 years of very successful trading, the present owners, who live abroad and have owned and operated the business with the support of family, have decided to concentrate on other business interests, which brings this highly desirable home and income lifestyle opportunity to the market.

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6 THE PROPERTY The building is a two-storey property with the Plough Inn and function room situated on the ground floor and the flat on the first floor. The property was built circa 1880s and benefits from newly replaced windows. The premises are fully compliant with licencing and fire regulations. The front bar has five sets of windows, which provide excellent natural lighting. The function room has external doors to the rear leading to an outdoor area with the potential for a beer garden. The two areas are connected via the potential kitchen space, presently utilised as a storage area. The spacious cellar has a front, ground-level access point which facilitates ease of delivery. Public parking is available to the rear of the property. SERVICES The property benefits from mains electricity, gas, water and drainage. Heating in the flat and bar is mainly gas from a recently installed new gas boiler. The function room is heated via electric panel heaters. The premises are fully compliant with electrical and fire regulations. There is lighting to the front of the premises. TRADE Turnover for year ended March 16 was 194K net of vat, with adjusted net profit of approx 65K. Full accounting information will be provided to all seriously interested parties post viewing. PRIVATE ACCOMMODATION There is a modern and bright flat located on the first floor of the property. The flat comprises a lounge, modern kitchen and bathroom as well as three double bedrooms with two further attic rooms. Access is private, with a main door entry to the side of the property. OPENING HOURS Monday Wednesday 11am -11pm Thursday and Sunday 11am 12 pm Friday and Saturday 11am 1 am LICENCE The business has a liquor licence under the Licensing Scotland Act 2005, and a copy of the operating plan is available to interested parties, which details operating practices. PRICE Offers in the region of 295,000 are invited for the freehold interest complete with goodwill and trade contents (according to inventory). Stock at Valuation. EPC RATING The property has an energy rating of tbc. FINANCE & LEGAL SERVICES ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Director Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have access to a large team of legal experts who act in all legal matters arising. DIRECTIONS The Plough Inn is located as per the map below. VIEWING All appointments to view must be made through the vendors selling agents: ASG Commercial (Limited) Inverness Tel: Mob: info@asgcommercial.co.uk OFFERS All offers should be submitted in writing to ASG Commercial with whom purchasers should register their interest if they wish to be advised of a Closing Date if one is set. A S GCommercial Hotels Guesthouses Licensed Retail Offices Industrial Units York House 20 Church Street Inverness Telephone