Charming 10-Bedroom Hotel in Castle Douglas Town Centre, Modern Facilities & Steady Tourist Traffic
Castle Douglas, Dumfries and Galloway
- Status
FOR SALE
- Advert ID
615390
- Reference
Kings Arms Hotel - 53365 / Rightbiz
- Call Agent:
- Freehold: £525,000
- Turnover: On request
- Net Profit: On request
Business Details
Well Established 10 Bedroom Town Centre Hotel
- Well-Established 10-Bedroom Town Centre Hotel
- Located in Busy Market Town in Popular Dumfries & Galloway
- Great Range of F&B Facilities; inc Beer Garden
- Spacious 3-bedroom Private Accommodation
- Adjoining 2-bedroom flat Available in Addition
- Turnover in excess of £500,000 (net)
Graham Sibbald are delighted to the bring to the market and offer for sale the Kings Arms Hotel, Castle Douglas, Dumfries & Galloway. The Kings Arms Hotel, is a 10-bedroom town centre hotel which welcomes tourists and locals alike. The hotel for sale is set in the picturesque region of Dumfries and Galloway, the hotel also hosts a year-round trade of golfers, bikers, cyclists, hikers and sight-seers keen to take advantage of the area's outstanding natural beauty – where the next National Park may be located.
The Kings Arms retains rural Scottish charm, while also boasting a variety of modern bar and restaurant facilities to serve a broad clientele. In addition, the hotel for sale boasts a very spacious 3-bedroom flat, ideal either as a home for owners or excellent accommodation for residential staff. Plus there is an adjacent 2-bedroom flat, currently used for self-catering purposes, which is available to be purchased in addition.
The business for sale is located in Castle Douglas, enjoying an enviable position on the A75 Euro route, linking the M6/M74 at Gretna Green to Stranraer and Cairnryan; the Northern Ireland ferry terminal; plus it is a busy market town, with easy access to the Solway Coast, the Galloway Hills, 7Stanes Mountain Biking venues and the UK's first 'Dark Sky Park' in Galloway.
The Kings Arms Hotel, which has been owned by the sellers for over 30 years, is a fantastic opportunity for new entrants to the hotel and licensed property trade, bringing with it years of an excellent local reputation and popularity.
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Listing Statistics
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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.
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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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