Skip to main content

  • Listing ID: 2309175
  • (Seller ref: 1030)

Restaurant & Bar, Kelso (Ref. 1030) For Sale

Kelso, Scottish Borders
  • £750,000 (Freehold)
  • (Furniture / Fixtures included)
  • £175,000 (Leasehold)
  • (Furniture / Fixtures included)
Turnover:
Available on request
Net Profit:
Available on request


Business Description

The Waggon Inn has a total seating capacity for in excess of 100 covers. Trading areas are split into two distinct areas with the first being a large open plan raised trading area and the second area forming a round bar with comfortable tables and chairs throughout. To the rear of the main trading area there is childrens’ play room which is popular with families and encourages family dining.

Internally, the business is offered in excellent condition as our clients have continually invested into the internal fabric of the public areas.

The owners’ accommodation is accessed from the rear. At present this area is not utilised by our clients for residential or letting use but is utilised for storage. The flat accommodation comprises lounge, kitchen, bathroom, 2 ensuite bedrooms on the first floor and 2 further bedrooms on attic level.

The current breakdown of turnover represents an approximation of restaurant sales at 75% and drink/wet sales at 25% of turnover.

The business is currently run under management with the day to day assistance of one of the owners. It is envisaged that wages could be further reduced by more hands-on day to day management. The business is continually well regarded in terms of local and national awards with Excellent Best Bar None accreditation and has recently been awarded Best Independent Pub in Scotland.

Annual rent - £50,000 per annum. Freehold option also available.

Further information available upon request, please contact seller below for more details.

Property Information

Property:
Available as freehold and leasehold
Lease Terms:

New lease. Annual rent £50,000 per annum.

Leasehold Rent:
£50,000 per annum
Living Accommodation:

The owners’ accommodation is accessed from the rear. At present this area is not utilised by our clients for residential or letting use but is utilised for storage. The flat accommodation comprises lounge, kitchen, bathroom, 2 ensuite bedrooms on the first floor and 2 further bedrooms on attic level.

Location:

The affluent Borders market town of Kelso is a highly sought after residential locale in the Scottish Borders. The town is a comfortable hours drive south of Edinburgh and approximately a ninety minute drive north of Newcastle upon Tyne. Kelso is a popular market town and tourist area with many attractions drawing year round visitors including holidaymakers, tourists, day trippers, race goers and fishermen. Some of the attractions in Kelso include Floors Castle, Kelso Abbey, Kelso Show Ground and Racecourse as well as nearby world class fishing on the River Tweed.

The Waggon Inn occupies a prominent trading location in the town centre in an ideal location to cater for local, passing as well as tourist trade.

The town has a resident population of circa. 6,000 although this swells in the busy summer period.

Premises Details:

The property is originally a handsome two storey property of traditional strong construction with flat roof extensions to the front and rear.

Main business entry is via a doorway at the side of the property which leads into the open plan restaurant area.

The business has a total seating capacity for in excess of 100 covers. Trading areas are split into two distinct areas with the first being a large open plan raised trading area and the second area forming a round bar with comfortable tables and chairs throughout.

Internally, the business is offered in excellent condition as our clients have continually invested into the internal fabric of the public areas.

To the rear of the main trading area there is childrens’ play room which is popular with families and encourages family dining.

Business Operation

Years established:
7 years

Other Information

Financing available:

Contact Cornerstone to discuss possible finance options for the freehold option.

Website:
Please click here to view the link
Related Documents:
Leasehold asking price:
£175,000 (Furniture / Fixtures included)

Contact this seller

Fields marked are required by the Seller.

  1. Contact Information

Your Message to this Seller

By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.