Restaurant & Bar, Kelso (ref. 1030) Premium Advert

Kelso, Scottish Borders
Freehold Price:
£750,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
197509
Reference
1030 / RightBiz

Details

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 accreditations and has recently been awarded Best Independent Pub in Scotland.

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

If this business is of interest to please contact Cornerstone Business Agents on 0131 445 7222 or by email to info@cornerstoneagents.co.uk.
Listing Details
Freehold Price: £750,000
Leasehold Price: £175,000
Tenure: Freehold
Tenure: Leasehold
Sector: Bistros, Bars, Restaurants
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • With Accommodation
  • Fully Fitted
  • Town Centre location
  • Accounts Available
  • Central Position in Affluent Village
  • Close to Local Amenities
  • Prime Location
  • Attractive Business
  • Established Business
Particulars / More Information
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