The Ploughman represents a long-establishedsuccessfulrestaurant and barbusiness whichoffers potential for further development. The businessis accommodatedin a detached, single-storey property of blockwork construction, externally harled. The roof over is clad in metal sheeting, with sections of pitched tiled roof to the front and side elevations.The restaurant andpublicbarbothhaveseparate entrance doors. Anattractive south facingterrace hasbeen developedto the front of the building whichbenefits from sunshinemost of theday.
The area, which hasrecently been furtherupgraded, providesaround60covers foral fresco dining. The property, which has been recently extensively refurbished,provides two principalareas, namely a restaurant and aSports Bar, both of which have been finished to a high standard. The restaurant provides upto 100 covers.The kitchen is fully-fitted with a range of commercial equipment.
Location
Aberdeen with a population of 264,000, and a catchment of around 550,000 represents Scotland's third largest city. The subjects are situated at the north side of North Deeside Road, at its junction with Coronation Road, within the Peterculter area of Aberdeen. The property is located in close proximity to the Aberdeen Western Peripheral Route and accordingly benefits from good transportation links to all parts of the City and beyond. The property is located within a prominent location on North Deeside Road, and benefits from a high level of passing traffic. It is consequently very visible and accessible. Peterculter is a popular district within Aberdeen which has a population of around 4,500. There are a limited number of bars and restaurants in the area, benefitting the subject unit.
Terms
RATEABLE VALUE The Rateable value as of 1st April 2023 for the subjects is shown on the Scottish assessors’ website as £40,000 per annum.
TRADING The subjects enjoy good levels of sustained trade and profitability. The turnover has been increasing steadily year on year as has the profitability. The current ownership believe further enhancements in trading performance could be achieved by an incoming owner. The business enjoys an excellent reputation with a loyal and returning clientele. The business achieves an average 5* rating of 85% and serves 1100-1200 meals per week. Full financial information will be provided to seriously interested parties upon the signing of an NDA.
ENERGY PERFORMANCE CERTIFICATE The subjects currently have an EPC rating of “G” Further information and a recommendations report are available to seriously interested parties upon request.
LEGAL COSTS Each party will be responsible for their own legal costs associated with the transaction with the ingoing purchaser being responsible for any registration dues, LBTT, etc.
PRICE Price on Application.
TENURE The subjects are offered for sale on a heritable basis to include all property, fixtures, fittings and goodwill.
VAT All figures quoted are exclusive of VAT at the prevailing rate
Specification
- POPULAR PROFITABLE BAR AND RESTAURANT
- PROMINENT LOCATION
- LOCATED WITHIN BUSY RESIDENTIAL AREA
- GROWING TURNOVER AND PROFIT
- LARGE SITE FOR FUTURE EXPANSION/ REDEVELOPMENT