• 3 floor Georgian Terrace Property
• Enviable location, Off street parking
• Established 20+ years, EBITDA in excess of £61,000
A Long Established and Well Presented Guest House within Enviable Locale
The sale of Mingalar Guest House offers a rare opportunity to purchase a high quality, beautifully presented Edinburgh property which is trading well but with potential for expansion of the business.
REF - 44673
Price - £1,100,000
Mingalar Guest House is an extremely well run business that has been run by the current proprietors since 1995. The property has been placed on the market due to the current proprietor’s impending wish to retire from the licence trade. The business trades throughout the year and its quality is reflected in the number of awards it currently holds such as achieving 4.5 out 5 on trip advisor and being one of the best Guest Houses in the area. Additional marketing is carried out through its own informative website www.mingalar.eu
It enjoys much repeat custom, particularly due to its excellent location and reputation
Mingalar Guest House offers excellent accommodation for both guests and owners.
Summary. The sale of Mingalar Guest House offers a rare opportunity to purchase a high quality, beautifully presented Edinburgh property which is trading well but with potential for expansion of the business.
OIRO £1,100,000 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 314 0660.
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