Property description

Location
Coast restaurant benefits from a prominent trading position on Shore Road, within Whiting Bay on the extremely popular and picturesque Isle of Arran situated on the West Coast of Scotland. The restaurant sits on the shorefront at Whiting Bay Beach and enjoys fabulous views over the beach, Holy Isle and the Firth of Clyde. Whiting Bay is located on the South East corner of the island and provides many amenities including 2 general stores, newsagent, post office, pharmacy, hardware store and farm shop as well as a number of guest houses and a hotel. The village also has an 18 hole golf course as well as a primary school, with secondary schooling nearby at the newly constructed Lamlash High School.
The Isle of Arran itself, is approximately 60 miles round and is sometimes referred to as Scotland in miniature, as it is divided into highland and lowland areas. It is easily accessed by ferry, with regular crossings by Caledonian MacBrayne from Ardrossan, and is therefore extremely popular with both tourists and daytrippers. Offering some of the most spectacular scenery in Scotland, the island is popular with outdoor enthusiasts who can enjoy pursuits such as walking, climbing, cycling and fishing. It is also a golfer`s paradise with no fewer than seven golf courses on the Island. Other tourist attractions include Brodick Castle, Lochranza Distillery, Arran Heritage Museum and Arran Aromatics.

The Property
The subjects comprise this aesthetically pleasing single storey brick built property under various pitched corrugated metal roofs. The roof has recently been recoated and has a 15 year guarantee. The subjects benefit from an attractive conservatory to the rear which opens onto a separate decked seating area.

Internal Details
The premises have been designed and fitted to a high standard in a very contemporary style yet still provide a warm and homely environment with good use of soft furnishings and attractive artwork. The front section of the restaurant is home to an attractive bar/servery with some bar seating as well as a comfy seating area with 2 leather sofas. This area also offers seating for circa 18 diners, with the conservatory seating area to the rear providing a further 22 covers offering uninterrupted views over the beach and the Firth of Clyde. In clement weather, the conservatory also opens onto a stunning decked seating area which can accommodate about another 20 customers.

Ancillary Areas
Fully fitted catering kitchen
Male, female & disabled WC`s
Various ancillary storage areas

Owner`s Accommodation
Separate owner`s accommodation could be made available subject to separate negotiation

The Business
Our clients have owned and operated Coast for circa 4 years and in this time they have developed an enviable reputation for both food and service and have established a good regular customer base which is supplemented by the high levels of tourists and daytrippers who flock to the island particularly in the summer months and school holidays. Our clients` philosophy is to provide great food and drink, locally sourced where possible, in a comfortable and relaxed environment, boasting views that most restaurants can only dream of.
It is with much regret that our clients have decided to sell the business but they are relocating to the mainland to pursue other business opportunities.

Trading Hours
The trading hours of the business vary depending on the time of year but can be summarised as follows :

• Feb-June – 5 days (10am-4pm) 3 nights (6pm-close)
• June – Sept – 6 days (10am-4pm) 6 nights (6pm-close)
• Sept-Nov – 5 days (10am-4pm) 3 nights (6pm-close)
• Dec – 4 days (10am-4pm) 2 nights (6pm-close)
• Jan and first 2 weeks in Feb – Closed

Trading information
Accounting information for the year ending 5th April 2012 showed a gross turnover of £212,039, producing a gross profit of £130,246 (61%) with an adjusted net profit of circa £52,000.
Full accounting information can be provided to seriously interested parties only after formally viewing the business.

Fixtures and Fittings
We have been advised that all trade fixtures and fittings are owned outright and are free from any hire purchase or lease agreements, with the exception of the coffee machine which is leased and some artwork which is displayed for a local artist and will be identified at the time of viewing.

Licences
The business trades with the benefit of a premises licence.

Business Rates
The subjects are entered into the current valuation role as having a rateable value of £4200. There are currently 0 rates payable.

Tenure
Freehold. Our clients would also be willing to consider leasehold offers with negotiable terms and duration. Rental offers in excess of £18,000 per annum are being sought.

EPC
A copy of the Energy Performance Certificate is available on request.
The rating is G.

NO CHAIN

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Property Features :

• Spectacular Beach Side Location
• Within Whiting Bay On The Popular Isle Of Arran
• Circa 40 Covers Inside And 20 On Decked Area
• Designed And Fitted To A High Standard
• 2012 Sales £212,039 Gross - Net Profit Circa £52,000
• 2014 Sales £199,938 Gross - Net Profit Circa £57,000
• EPC Rating G
• Freehold Property