Restaurants for sale in Kelso

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Waggon Inn Restaurant, Kelso

Kelso, Scottish Borders, Scotland

  • Freehold Price: £495,000  Price Reduced arrow_drop_down
  • Annual Turnover: £675,000
Seller Reference: 10300
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: 10300
Request Details
Business Description
An opportunity to acquire a thriving business in the appealing Borders town of Kelso. This 100+ cover business occupies ground floor dining and kitchen areas (including a childrens indoor play area), central bar and outside storage to the rear. On first and second floor there is a spacious recently refurbished flat offering 3/4 bed owners accommodation with its own dedicated entrance (to the rear). With healthy weekly levels of turnover currently averaging £13,000 per week (Ex VAT) the business is a well-run 7 day operation.

Kelso is an affluent Borders market town, steeped in History with its cobbled streets and Town Square. The town attracts a large tourist following with Kelso Abbey and Floors Castle not forgetting its own racecourse (horses), home to the popular Kelso Races. One hour south of Edinburgh or 1.5 hours from Newcastle with fishing on the Tweed and outdoor pursuits such as cycling/mountain biking then it has all year round visitor appeal. Featuring on the Visit Kelso pages The Waggon features prominently in the Eating and Drinking section and this family friendly business continues to appeal to families, locals and visitors alike all year round.
With spacious owners accommodation above there is the opportunity of living and working in the heart of one of Scotland's most attractive country towns. The Waggon is positioned centrally on the Coalmarket a street running parallel to the Horsemarket (in effect the High Street) both leading to the Town Square with ample on street parking.
The town has a resident population of c6,000 although this swells during the busy summer months and weekend visits.

The business has been operate by our clients now since 2010 and turnover for the year ended 31/3/19 was £675,000 net of VAT. A adjusted net profit in excess of £100,000 is achieved. For further details contact Alan Goldie on 0131 441 2663 or click here for sales details or register direct on www.therestaurantagency.com.

For further information and sales details contact Alan Goldie on alan@therestaurantagency.com or register on our website www.therestaurantagency.com where you can download the sales details directly.
Trading hours:
Mon-Sunday 11am - 9pm
Tenure:
Freehold
Is accommodation included?:
Yes
Number of bedrooms:
4
Location Details:
Sits within the affluent Borders Market town of Kelso which sits about an hours drive from Edinburgh and 1.5 hours from Newcastle upon Tyne.
Listed by:
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