The Waggon Inn, Kelso

The Waggon Inn, Kelso

Property Details

Type:
Restaurants
Lease:
Freehold or Leasehold
License:
Full Premises License, Hot Food Consent
Price:
Offers Around £175,000
Reference:
1030
EPC Rating:
G

Property Description

  • Offers Around £175,000

An opportunity to acquire a thriving business in the appealing Borders town of Kelso.  With its cobbled streets and Town Square the town attracts a large tourist following all year round.  This business with a dominating property offers a complete entity with its own owners accommodation.  On the doorstep of Kelso Abbey and Floors Castle the business is appealing to families who live and visit the area.

Operating from a handsome two storey and attic, stone built property of traditional construction and mainly formed under a pitched and slated roof with front and rear flat roof extensions.

The Business

Our clients have run and managed The Waggon Family Restaurant since 2010 and have skillfully managed to convert the business to a highly desirable and popular family restaurant and bar with the emphasis very much on the food side.  

The current breakdown of turnover is 75% food/restaurant and 25% drink/wet sales.  The business is a popular with locals, tourists as well as families with strong social media ratings.  The business is currently run under management with the day to dayassistance of one of the owners.  The business is contunually 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.

Trading Accounts

Trading accounts to the year ended 31 March 2017 will show a net turnover of £696,490 ex VAT a 11.3% rise from 2016.  To the year to 31 March 2018 it is expected turnover will rise further over the £700,000 mark. 

Available on a freehold or leasehold option to include a 3/4 bed owners accomodation directly above the unit.  For further information link here to their website www.thewaggoninn.com

Price

Offers over £175,000 is sought for the leasehold going concern option and a starting rent of c£50,000 per annum.  A new lease will be offered with 10 or 15 year term or longer.  This includes the owners accomodation above.

On a Freehold business purchase then we are seeking around £750,000.

This instruction is a joint agency with 

 

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