FOR SALE
24/08/22
499132
1501 / Rightbiz
Superb multi-income hotel business. Same owners since 2004. 6 superbly presented ensuite bedrooms. Large restaurant (80) with bar and feature fireplace. Well patronised public bar. Snug. Large owners flat. Well-tended beer garden and patio area. Large secure car park. Valuable grounds and outbuildings. Consistently strong turnover. Retirement sale.
FREEHOLD Guide price £450,000.
The “lang toun” of Kirkcaldy is one of the largest towns in Fife, located on the Fife coast the town is home to around a population of 50,000 residents. The town is historically famous as the birthplace of economist Adam Smith as well as being formally the linoleum capital of World.
Nowadays, Kirkcaldy economy is dominated the by the service sector and the town is still the home to the “Links Market” the biggest annual street fair in Europe which comes to the esplanade every April.
The Elbow Room is located at the northern end of Rosslyn Street close to the A92, offering easy access to Glenrothes and the motorway network. Edinburgh, Dundee and Perth can all be accessed within an easy 45-minute drive, while Glasgow is 1 hour to the west.
The immediate area around the hotel is also undergoing significant expansion. A £500 million housing development began in 2019 with the building of 1000 new homes as well as a primary school and associated infrastructure. This development across the road from the business continues at a pace at present.
The Elbow Room is a well-managed and exciting opportunity for a buyer. The business is a great all-rounder is terms of trade, operating with strong bar and restaurant sales as well as a good B & B income. Our client has owned and operated the business since 2004 and has carefully restored and updated the business. At present the business performs very well but there is significant opportunity to expand the business further, especially with the arrival of nearly 1000 new homes in the immediate area over the next few years.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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