Restaurants for sale in Kelso

View the "Restaurant & Bar, Kelso (ref. 1030)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I sold my business through Daltons, which all went very smoothly & I thought your advertising site was great. 

Colin Morley (October 2016)
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Freehold Price: £750000.00 Leasehold Price: £175000.00
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Business Description
Very popular restaurant & bar. Town centre location in very popular market town. 100 cover restaurant with childrens area. Strong turnover and highly profitable. Ideal for husband & wife/partnership team. 4 bedroomed owners flat included in price. Same owner since 2010.

The Waggon Inn has a total seating capacity for in excess of 100 covers. Trading areas are split into two distinct areas with the first being a large open plan raised trading area and the second area forming a round bar with comfortable tables and chairs throughout. To the rear of the main trading area there is childrens’ play room which is popular with families and encourages family dining.

Internally, the business is offered in excellent condition as our clients have continually invested into the internal fabric of the public areas.

The owners’ accommodation is accessed from the rear. At present this area is not utilised by our clients for residential or letting use but is utilised for storage. The flat accommodation comprises lounge, kitchen, bathroom, 2 ensuite bedrooms on the first floor and 2 further bedrooms on attic level.

The current breakdown of turnover represents an approximation of restaurant sales at 75% and drink/wet sales at 25% of turnover.

The business is currently run under management with the day to day assistance of one of the owners. It is envisaged that wages could be further reduced by more hands-on day to day management. The business is continually well regarded in terms of local and national awards with Excellent Best Bar None accreditations and has recently been awarded Best Independent Pub in Scotland.

Rent - £50,000 per annum. Freehold option also available.

If this business is of interest to please contact Cornerstone Business Agents on 0131 445 7222 or by email to info@cornerstoneagents.co.uk.
Tenure: Freehold, Leasehold

Number of bedrooms: 4

Accommodation Details:
The owners’ accommodation is accessed from the rear. At present this area is not utilised by our clients for residential or letting use but is utilised for storage. The flat accommodation comprises lounge, kitchen, bathroom, 2 ensuite bedrooms on the first floor and 2 further bedrooms on attic level.

Location Details:
The affluent Borders market town of Kelso is a highly sought after residential locale in the Scottish Borders. The town is a comfortable hours drive south of Edinburgh and approximately a ninety minute drive north of Newcastle upon Tyne. Kelso is a popular market town and tourist area with many attractions drawing year round visitors including holidaymakers, tourists, day trippers, race goers and fishermen. Some of the attractions in Kelso include Floors Castle, Kelso Abbey, Kelso Show Ground and Racecourse as well as nearby world class fishing on the River Tweed.

The Waggon Inn occupies a prominent trading location in the town centre in an ideal location to cater for local, passing as well as tourist trade.

The town has a resident population of circa. 6,000 although this swells in the busy summer period.

Leasehold Term: New lease. Annual rent - £50,000.

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Listed by: Cornerstone Business Agents
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1030
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