Traditional Restaurant for Sale in Arbroath Angus - The But 'n' Ben in Auchmithie

Description

A rare opportunity has arisen to acquire a well-established, family-run licensed restaurant business with an outstanding local, national, and international reputation. The current owners have temporarily closed the restaurant due to the owner’s ill health.The But ‘n’ Ben was established in 1976 and has been operated by the same family since its opening. It has earned a strong reputation for authentic Scottish cuisine, with a focus on fresh fish and seafood, including the world-famous Arbroath Smokie. The restaurant has been featured in numerous national publications and recommended guides, and benefits from a loyal customer base with both locals and visitors returning regularly.While the business has continued to trade successfully and remains one of the area’s most popular restaurants, there is potential for expansion. Opportunities include extending operating hours to further capitalise on existing demand, or converting the current upstairs office space into accommodation for letting purposes or for use by the owner or staff. Any interested parties will need to carry out their own due diligence and investigate the necessary local authority consents for such developments.The But ‘n’ Ben is located in the picturesque village of Auchmithie, a clifftop community several miles north of Arbroath, overlooking the North Sea. Once a fishing village, Auchmithie is now recognised as the home of the Arbroath Smokie. It is also the inspiration for Musselcrag, the fictional village featured in Sir Walter Scott's novel The Antiquary.The property occupies a prominent position at the entrance to the village, situated in a historic one-and-a-half-storey building formed from two former fishermen's cottages dating back to the 1800s. The building is located at the head of the track leading to the harbour and beach. Over the years, the property has been modernised and extended to create the current layout while retaining its traditional character, including low ceilings and a coal fire. The property is well maintained and presented in walk-in condition.The nearby harbour and beach are popular for leisure activities such as walking, bird watching, and dolphin spotting, making the location attractive to both locals and tourists.This is a unique opportunity to acquire a freehold restaurant business that has never before been offered for sale, set in an exceptional coastal location. The But ‘n’ Ben is highly regarded by both locals and visitors, with a strong and loyal customer base. The business is well suited to an owner-operator who can continue to build on the existing success while benefiting from the established trade.All fixtures and fittings are included in the sale of the business. Personal items belonging to the current owners will be removed prior to completion of the transfer of ownership.As of 1st April 2024, the rateable value of The But ‘n’ Ben is £14,500, making it eligible for a 25% reduction under the current small business rates relief scheme.Detailed profit and loss accounts, staff information, and an Energy Performance Certificate (EPC) will be made available to seriously interested parties following a formal viewing.