Top-Rated Village Inn with Restaurant and Beer Garden for Sale in Longniddry, Scotland
Longniddry, East Lothian
- Status
FOR SALE
- Date Submitted:
20/02/24
- Advert ID
607077
- Reference
1446 / Rightbiz
- Call Agent:
- Leasehold: £295,000
- Rent: £105,000
- Turnover: On request
- Net Profit: On request
Business Details
One of the best village Inns in Scotland. (ref 1446)
Well performing Village Inn, highly sought after location. Same owners for the last 16 years. Retirement sale. Restaurant (70), Stables Restaurant (70), Function Room (70). Newly refurbished beer garden (60). Car Park. Well patronised business, offered in first class walk in condition. Net turnover in excess of £1.1m. Run by owners and management team. Rent £105k per annum. Free of trade tie. Turnover split estimated at 80/20 in favour of food v wet. A hugely attractive leasehold opportunity.
LEASEHOLD Guide price £295,000.
The village of Longniddry is situated just off the A1, approximately 15 miles from Edinburgh city centre, which can be accessed within a 30 minute drive. At present the village is continually expanding with many new housing developments being built and in planning stage for those looking to take advantage of an easy commute to Edinburgh.
Longniddry train station has regular connections to the capital and beyond.
The area is hugely popular with both tourists and day trippers from far and wide not only for golf but for the many other activities and attractions on offer such as the East Fortune Museum of Flight and the stunning beaches.
The Longniddry Inn enjoys a highly prominent trading location in the middle of the village and close to the railway station. This is an excellent location to capture passing trade as well as to serve the local community.
The Longniddry Inn is a highly regarded village inn that has been in our clients very capable hands for the last 16 years. During which the time the business has performed at a hugely impressive level and our clients have repeatedly reinvested back into the business and the property. The business is offered in a true walk in condition, ready for new owners to trade immediately.
The business is very well patronised by locals, day trippers and visitors alike – trading with a large amount of repeat custom.
In terms of trade, the business has returned to pre-Covid levels enjoying strong weekly turnover figures. The function and wedding side of the business is growing again as we head into more normalised times.
The Longniddry Inn is run by our clients with the assistance of 16 members of staff, this includes a full kitchen brigade as well as a manager. The business trades with an all encompassing menu catering for both lunch and dinner service. Our client advise the split in favour of food to wet sales is circa 80/20 in favour of food.
The business is offered on a free of tie basis.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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