Opportunity to grow an already successful restaurant and B&B

The Cross Inn is an established restaurant/bar and bed & breakfast on the Isle of Lewis with a strong reputation amongst locals and tourists alike (4.7 rating on Google Reviews). Within stunning surroundings, the property comprises a lounge/bar, restaurant and commercial kitchen on the ground floor with the upper level offering five ensuite B&B rooms plus three private rooms, formerly used as owners’ accommodation. The overall plot extends to approximately 0.5 acre. To the side of the property is a lovely beer garden offering outside dining with beautiful views whilst a large car park offers space for up to 25 cars. The business has undertaken very little marketing activity and currently operates on a successful seasonal basis in the peak April to September season. There is an excellent opportunity to grow the visibility and trading hours of this popular business to a 12 month calendar. Currently lovingly operated by a husband and wife team, with seasonal additional cover, the owners are looking to retire from the business and pass the baton to an enterprising and enthusiastic new team. The sale is being conducted as the transfer of a going concern, with strong forward bookings already for the season ending September in excess of the 2024, which showed occupancy rates of more than 85%. The published rateable value is £16,000, but the business may qualify for rates relief under the Islands and Remote Areas Hospitality Relief scheme. Council Tax Band: B.

Tenure

Freehold

Area

The Cross Inn enjoys a prominent roadside location on the A857 towards the northern tip of the Isle of Lewis. Cross Village is a small community offering local facilities, with Stornoway approximately 35 miles to the south. The local economy is historically built on traditional businesses such as fishing, farming and Harris Tweed, but tourism demand across the islands is always at a high level.

Local Authority

Comhairle nan Eilean Siar

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.