A S GCommercial THE OLD MILL INN, BRODIE, FORRES, IV36 2TD Offers Around 595,000 (Freehold)
Substantial and attractive Inn within a successful trading location on the A96 Iconic business providing an extensive home and income year-round business opportunity, benefitting from sound activity levels producing excellent profitability Excellent and characterful public areas capable of seating in excess of 100 covers with outstanding support facilities Spacious owner s accommodation plus 5 en-suite letting bedrooms
DESCRIPTION The Old Mill Inn, Brodie is an iconic business which has an imposing frontage on the A96 Inverness to Aberdeen arterial route and is wellsign posted. This traditional Inn has a significant footprint, is wellappointed internally and has undoubted character and charm with its quintessential appeal. The subjects date back some 110 years and were originally a Corn Mill adding further allure to this impressive business venture. It is believed that the Mill was converted into an Inn about 1960. The ambience of the public areas is generated through the exposed stone walls, wooden paneling and wooden beams, coupled with the numerous stoves. The current proprietors have operated the business since 2005 and it is their desire to relocate and retire from the hospitality sector that brings this fine opportunity to the market. This outstanding and highly successful business trades year-round generating a very high level of income and impressive profitability. The income earning aspects of this most attractive sale can be summarised as 4 separate dining areas to seat over 100 covers and 5 quality en-suite bedrooms. The business has a strong reputation for all its service but especially its fine cuisine, offering a wide selection of choices from its various menus throughout the day and evening. The Inn also attracts custom through its specialty nights (steaks on Monday, fish on Friday and the traditional Sunday roast lunches). These are supplemented with speciality menus for celebration days gaining a fine reputation for its functions and Christmas fayre. The kitchen utilises local produce wherever possible to bring a taste of the Highlands to their customers. The business also has live music on Sunday nights. The Old Mill Inn operates with a full complement of staff including a full professional kitchen crew. The current owners take a fairly hands-off approach with only one of the partners working generally 5 days a week. The Inn attracts a significant amount of local custom plus from further afield such as Inverness and Elgin and all points in between. The quality of fare on offer ensures that the business benefits from a high percentage of repeat trade. During the summer months the business generates extra activity from the many tourists who visit the area in large numbers. The bar offers a good range of real ales which prove popular with locals and visitors alike and has a chilled cellar to ensure the best possible delivery of keg products. The business offers versatile accommodation and service options to suit a wide range of clientele whether they are families, couples, individuals or groups. The region has a large number of holiday homes, lodges, campsites and guest houses which adds to the Inns trading levels.
Offering a personal service is high on the list of priorities for the vendors. The business reflects the professionalism and sound application of the current proprietors where service and attention to detail are two key descriptors when summing up the character of this exceptional business. The business has a strong and enduring reputation for food and new owners should be able to easily maintain business levels at the Inn. The sale of the Old Mill Inn represents an exceptional opportunity to own a prestigious property and operate an impressive business which has a strong trading tradition. LOCATION The Old Mill Inn is 3.5 miles from Forres in Moray which is situated just off the A96 and about 23 miles east of the Highland capital Inverness. Forres impressive parks and gardens with outstanding floral sculptures have led to many awards from the prestigious Britain and Scotland in Bloom competitions. A Royal Burgh since 1140, Forres is one of Scotland s oldest towns, and also one of its most attractive which is steeped in history. The area is fashionable as a residential location but is also popular with tourists. Forres makes a great base to explore the beautiful Moray Firth region which has something for everyone s taste; historical monuments, museums, castles, visitor centres, etc. The town has a long established history with whisky distilling and being on the Whisky Trail; Dallas Dhu Distillery which lies just south of the town is no longer in production but is maintained in working order by Historic Scotland. Benromach Distillery is an active distillery with a visitors centre and is located just off the Forres bypass. The Town has a popular 18-hole golf course plus many others within a short drive. The Moray coast has some stunning white sandy beaches; the most notable being at Findhorn and Culbin Sands Nature Reserve. The River Findhorn just to the West of the town is a famous salmon river but also plays host to a range of river activities to include white water rafting, kayaking etc. The wide ranging countryside offers fantastic walks. The Old Mill Inn benefits from trade generated through tourism; the area has a great number of camping and caravan parks, quality hotels, numerous B&B s / guest houses plus self-catering accommodation. This thriving town has a growing population with almost 15,000 inhabitants. Housing developments grow at a pace to the south to the Town. Two miles north east of Forres is Kinloss Barracks, home to 39 Engineer Regiment. Local amenities including schooling, social and welfare facilities are of an excellent standard. THE PROPERTY The Old Mill Inn is set back from the A96 and is well-sign posted. This distinctive property is mainly of stone construction under a slate roof and dates from circa 1903 and reflects its Victorian origins. The property boasts comfortable guest facilities bringing together modern amenities without compromising the Inn s traditional character. The public areas are pleasantly furnished and attractively decorated, providing a wonderfully warm ambience and an element of charm seldom experienced in an Inn with such wide appeal. PUBLIC AREAS The Inn s main entrance leads via a vestibule to the spacious bar area with an impressive bar counter. The attractive wood paneled bar and gas stove makes this a cozy environment in which to relax. The servery has a wide range of real ales and other beverages. The bar is centrally located within the main dining area which is set to a mix of fixed and free-standing furniture and can seat about 60 covers. A further two distinct dining areas (Ceilidh Room and Mill Room) both add to the truly rustic feel, providing a private dining facility for up to 22 and 24 persons respectively. The Mill Room has a feature fire place set upon an old mill-stone and has an array of booth style seating plus free-standing tables etc. With its exposed beams and decorative windows it has a truly aged feel of a by-gone era and benefits from views across the rear lawn. The Ceilidh Room also has a gas stove plus a feature wooden floor. Also set to free-standing furniture this room is an ideal setting for a small private function. Collectively these excellent dining facilities can cater for in excess of 100 covers generating a significant proportion of the income through food and associated sales. Off the main area are ladies and gents bathrooms; there is a designated disabled washroom. LETTING BEDROOMS The 5 letting bedrooms are situated on the first floor and are configured as follows: Room 1 Double en-suite shower room with double aspect windows Room 2 Double en-suite shower room with double aspect windows Room 3 Family (double and single beds) en-suite shower room Room 4 Double en-suite shower room
Room 5 Double en-suite shower room The letting accommodation can sleep up to 11 guests. All the rooms have en-suite facilities, benefit from central heating and are equipped with TV, radio/alarm plus tea/coffee making facilities. The business has internet access (Wi-Fi). SERVICE AREAS The commercial kitchen is most spacious and boasts a wide range of functional equipment, has a tiled floor and a commercial extraction unit. Off the kitchen are ancillary preparation rooms plus ample chilled and freezer storage availability. On the first floor is a supplementary kitchen and preparation room. There is a modern chilled beer cellar and a spirits store. Throughout are numerous housekeeping and general storage rooms plus a laundry. On the first floor there is a staff room and a staff washroom. PRIVATE / STAFF ACCOMMODATION An attractive feature of this sale is the accommodation on the second floor. The current owners live off-site and as such under-utilise this area of the business. However new owners could develop this space into additional guest accommodation or use it for their own family. The accommodation comprises of a 2-bedroomed self-contained flat, a spacious lounge, kitchenette and family bathroom. In addition there are three further bedrooms set aside for staff accommodation / owners use or office facilities. One room is en-suite and the other two rooms have private bathroom facilities; one of these could easily be made into an en-suite subject to planning. These rooms require a degree of decorative upgrade but could comfortably suit the needs of an extended family unit. GROUNDS The Old Mill Inn is set within its own grounds partially laid to lawn but has a shared access off the main A96. There is external bench seating within the grasses area. A large garage provides additional external storage. Parking is available within the grounds but is shared with the adjacent campsite. SERVICES The Inn benefits from mains electricity and water with private drainage to a septic tank. LPG gas is utilised for cooking and there is a bulk storage unit within the grounds. The business also benefits from 3 LPG Gas stoves; one in the main customer area, plus one each in the Ceilidh Room and Mill
Room. Central heating and hot water is supplied via an oil-fired boiler throughout the property. The business is fully fire compliant and has a burglar alarm. TRADE Old Mill Inn is a successful business trading profitably from year-round trading. Turnover in 2015 was c 540,000 generating a significant net profit. Full accounting information will be made available to seriously interested parties subsequent to viewing. LICENSES The business operates a license under the Licensing Scotland Act 2005 and a copy of this will be made available to interested parties post viewing. WEBSITE www.oldmillinnbrodie.com PRICE Offers around 595,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation. EPC RATING The EPC rating of the property is tbc. FINANCE & LEGAL SERVICES ASG Commercial Ltd 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 can act in all legal matters arising to include conveyancing and licence transfers. DIRECTIONS See location map. VIEWING All appointments to view must be made through the vendors selling agents: ASG Commercial Ltd York House, 20 Church Street Inverness IV1 1ED Tel: 01463 714757 Mob: 07799896931 (Paul Hart) 07557785879 (Jackie MacGregor) E: info@asgcommercial.co.uk Web: www.asgcommercial.co.uk OFFERS All offers should be submitted in writing to ASG Commercial Ltd with whom purchasers should register their interest if they wish to be advised of a Closing Date. Contains Ordnance Survey data Crown copyright and database 2016 A S GCommercial Hotels Guesthouses Licensed Retail Offices Industrial Units York House 20 Church Street Inverness Telephone 01463 714757 www.bedandbreakfastsales.co.uk