Opportunity to invest in top Orkney restaurant on the market
Specialist business property adviser, Christie & Co is pleased to report one of Orkney’s top hospitality businesses, The Foveran Restaurant with Rooms, has recently been put up for sale for the first time in 20 years, offering an excellent opportunity to purchase a thriving tourism business as the industry gets back on its feet.
The Foveran has been in the hands of the Doull family for over 20 years and has built up an enviable reputation for its wonderful food and service using the best of local produce and a dedicated team of staff. The business boasts excellent reviews on TripAdvisor and Google, and with Orkney itself regularly featuring in the UK’s best places to live, taking top spot for Scotland eight years in a row, this is a great opportunity for someone with hospitality experience and ambition to run their own restaurant.
With stunning views over the historic Scapa Flow, the business sits in open countryside just three miles from Kirkwall and underwent a complete refurbishment just a few years ago.
As well as its 80-cover bar and restaurant, the property offers eight welcoming and comfortable letting rooms. Also included in the sale is private accommodation in the form of a detached three-bedroom family home sitting alongside the restaurant, and approximately seven acres of land.
Co-owner and Head Chef, Paul Doull, comments, “Running my own restaurant was always an ambition for me and I have relished the time we have had at the Foveran. It’s time now though to hand over the reins to someone else and for me and the rest of the family to pursue other opportunities. We’ll be leaving The Foveran in good health and are extremely grateful to all our customers and suppliers for helping make the restaurant the success it is.
“We’ve been truly spoilt having access to the best local produce over the years and I hope that whoever takes over follows the same ethos that we have – making the most of the excellent natural ingredients on our doorstep.”
Tony Spence, Business Agent - Hospitality at Christie & Co, who is handling the sale, adds, “This is a fantastic opportunity for a purchaser to acquire a highly profitable business that has been refurbished to a high standard. While Orkney enjoys a busy and expanding visitor season, The Foveran also benefits from a strong local customer base, ensuring year-round trade and making it an excellent proposition for anyone in hospitality planning a move.”
The Foveran Restaurant with Rooms is on the market at £1,295,000 for the freehold going concern through Christie & Co.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Tony Spence, Business Agent - Hospitality Scotland
M: 07701 315 068 or E: tony.spence@christie.com
Visit Christie & Co’s Business Search page to find out more about current listings.
