Fife Arms, Turriff (ref 1727)

• Price: 775000
• Tenure: Freehold
• Business type: Hotel

The Fife Arms Hotel and Restaurant is located on ‘The Square’ in the town of Turriff in the heart of rural Aberdeenshire. Turriff sits on the A947 routing which links Aberdeen (34 miles to the south-east) and Banff (11 miles to the north).

Located on the famous River Deveron, which is best known for its excellent salmon fishing, the surrounding area is very picturesque with many exciting walking trails and an abundance of nature on show along with many outdoor pursuits. Other activities in the vicinity include the world-famous Malt Whisky Trail, Turriff Golf Club and Delgatie Castle which is the oldest inhabited castle in Scotland.

The town plays host to Scotland’s largest 2-day agriculture show over the first weekend every August where up to 25,000 people attend the area benefitting the businesses in Turriff and the surrounding area.

Access to the property is made via the entrance adjacent to the car park at the front of the hotel and leads into the hotel reception. To the left-hand side on entering is a private dining room for c.18 covers which can also be used for meetings and is popular with community organisations. Opposite is a comfortable lounge area, ideal for coffee or pre-dinner drinks which in turn leads into the main restaurant offering c.70 covers and a fully stocked bar. The restaurant is beautifully presented throughout with further seating available on the patio.

There are 10 en-suite letting bedrooms on the first floor and are accessed via a stairway in the reception. All rooms are either double or twin and well presented with quality bathroom facilities. The owners flat comprise of 3 bedrooms, lounge, kitchen and bathroom. This has previously been occupied with staff.

Our clients have owned and operated The Fife Arms in Turriff for 17 years and after many further years elsewhere in the hospitality trade have decided to place the business on the market to spend more time with family and hopefully take things a bit easier.

Over the years, the owners have consistently re-invested back into the business and property which is easy to see with what is on offer now. All facets are very well presented and there is a loyal team of staff in place to assist the owners.

Turnover is derived from the letting rooms with plenty repeat custom using the accommodation and through the very popular bistro/restaurant where it is very highly regarded with locals and also gets a good share of passing trade and tourists.

The Fife Arms in Turriff offers a wonderful opportunity to an experienced operator looking to take on a beautifully presented business in a charming part of Scotland. With annual turnover to end November 2024 in excess of £1,000,000 and an adjusted net profit over £200,000 for the same period, this is a very profitable business already with scope for a buyer to continue whilst adding in their own ideas.