Neatly Presented Restaurant with Huge Growth Potential in Affluent Borders Town near Edinburgh
West Linton, Scottish Borders
- Status
FOR SALE
- Advert ID
625488
- Reference
1720 / Rightbiz
- Call Agent:
- Freehold: £195,000
- Turnover: On request
- Profit: On request
Key Features
- Currently Closed
- Price Reduced
Business Details
A Neatly Presented Restaurant Opportunity close to Edinburgh in affluent Borders town (ref 1720)
*** PRICE REDUCED ***
Well presented Deli & Restaurant business. Great trading location in the heart of a sought-after town. Expanding Borders town, yet only 16 miles from Edinburgh. Central trading pitch. Deli (8), Restaurant (34) & Bar (15). Well equipped kitchen and service areas. GIA 212 sq. metres. Rates exempt. Huge potential for hands on owners. Previous strong turnover on 39 hours a week. Attractive freehold offering. Currently closed.
FREEHOLD Guide Price £195,000.
The Old Bakehouse (trading as The Pyet) occupies a prominent trading location in the heart of West Linton. The town is home to a resident population of 2000, but this number keeps growing with continued house building over the last few years.
West Linton is a popular and sought after commuter town benefitting from a more tranquil semi-rural setting yet retaining a close link with Edinburgh. The capital is only 16 miles to the north and easily accessed via the A702 which runs through the town. The A702 also provides easy access to the Edinburgh city bypass to north, as well as M74 motorway to the south.
The business was purchased by our clients in 2021 and opened for trade in November of that year. Our clients previously ran a local delicatessen in the town and purchased the property to “rehouse” the deli and open up a larger restaurant to run in conjunction.
Since purchasing our clients firmly established a well patronised and popular food business that is now ready to be taken onto the next trading level. Our clients offered a popular brunch, lunch and dinner menu while also providing the town with coffee shop/takeaway option that proved popular all year round.
It is strongly felt that new operators would be able to increase trading hours. Previously our clients only traded for 39 hours and there is tremendous scope to increase these hours especially in the busy summer months.
It is thought that the premises would suit a wide variety of international cuisines.
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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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