DUMFRIESSHIRE EXTREMELY PROFITABLE 10 BEDROOM HOTEL AND RESTAURANT

17th century, 10 bedroom detached hotel
Public bar (24), lounge (40) and restaurant (60)
Post Office/self-contained shop unit
Dedicated private accommodation
Large car park (24) and front patio (24)
Successful business - net profits £100,000

SELLER REF 91925

Canonbie (‘Canonbaidh’ in Scottish Gaelic) is a small village in Dumfriesshire.  Located in the southeastern reaches of Dumfries and Galloway, it is located 9 miles northeast of Gretna Green, 6 miles south of Langholm and 2 miles north of the Anglo-Scottish border. Canonbie is adjacent to the A7 road which runs from Carlisle to Edinburgh and provides easy access to the Scottish Borders, Cumbria and Northumbria.

One of Scotland’s oldest coaching inns, The Cross Keys Hotel is a traditionally built, two-storey, detached stone building which dates back to the 17th century. Sitting at the head of the village on the River Esk, this impressive building lies within a conservation area, however it is not a listed building.

The Cross Keys Hotel has been operated by our clients since 2013 and they now wish to offer the property to the market in order to retire. Since purchasing the property, our clients have carried out an extensive refurbishment programme which has retained the period character and charm of this traditional coaching inn. The works included the refurbishment of all en suite bedrooms and the upgrade of the business’s public areas.  

The Hotel is operated solely by our clients as a lifestyle business. If a new operator were to extend its opening hours, increase staffing numbers and reinvigorate the business as a destination venue, we believe it could become even more lucrative. The premises is only a few miles from Gretna Green so marketing the business to wedding guests and using the venue for private hire could see an increase in income.

It is our understanding that the year end turnover for March 2022 stands at £214,355, resulting in net profit of £103,939. Further accounting detail will be made available to serious parties following a formal viewing.

FREEHOLD Offers Over £375,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.

No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.