Peebles Scotland Bar & Restaurant Opportunity Nil Premium For Sale

Business description

This is a great chance to take over a high quality bar and restaurant situated in the attractive borders town of Peebles, Edinburgh is only 23 miles away and the surrounding countryside is breathtaking. This is a fantastic old property, it forms part of the old court house ( 1848) and retains much of the character of the old building. With lovely bar , stunning restaurant ( it was the actual courthouse), There is also a superb decked terrace whith a great outlook over the businesses garden and play area. The buisness is well equipped, well furnished and ready to go! NIl Lease £6000 bond required.

If thisopportunity sounds of interest contact Derek Burgoyne at Cornerstone Business agents.

Cornerstone offer a wide selection of great businesses for sale all over Scotland

Property information

Property:

Leasehold

Lease terms:

2000 for the first 3 months, then 2500 for the next 3 months then 3000 per month. £6000 refundable bond plus 3 months rent in advance, you insure the peroperty and maintain the interior.

Leasehold rent:

£360,000 per annum

Location:

Peebles is an extremely attractive Borders town situated only 23 miles south of Edinburgh and surrounded by beautiful countryside. The town attracts tourists throughout the year and its town centre bustles with activity. Pebbles is also a very popular residential town with people working in Edinburgh. The Courthouse Restaurant & Bar enjoys an outstanding prominent location , on the high street, looking down the main commercial street yet close to the river and park and a large car park.. Not trading at the moment. This a really unique opportunity to take over and run a very well presented, very attractivly presented and really well situated bar & restaurant business for sale in Peebles Scotland.

Premises details:

A great opportunity to run a Restaurant and Bar for sale/lease Peebles Scotland

Currently not trading this business is ready to walk into and open. The opportunity to run a bar & restaurant in a superb location as this does not come along often , the business would be suited to caterers who can take full advantage of the location of the business its unique character and level of furnishings and equipment to build a very successful business which until recently achieved sales of £35,748 per month.

The Property: The business occupies the first floor of the former Peebles Sherriff Court Building which was built in 1848 and has many interesting and attractive architectural features. The terrace to the rear of the bar leades to a large garden and children’s play area which are included in the lease of the bar & restaurant. Interestingly we have been informed that a walkway from street level to the church next door is planned and this will also give access to the bars terrace. There is also an office included in the lease situated on the second floor of the building. Other areas of the building are utilised as a Hair salon, Chiropractor, Beauty Therapist, and offices.

There are two main public rooms of the bar and other the original courtroom converted to a very attractive restaurant, both rooms are extremely attractive and very character full. The restaurant has a particularly attractive vaulted ceiling and both rooms are furnished to a good standard, both capable of seating around 30 customers. The bar has a fully equipped bar counter to one corner

Another superb feature of the business is the decked terrace which leads to the large enclosed garden with the large lawn and children’s play area ( part of which was formally the prisoners exercise yard!).

Service Areas: The business has a well equipped commercial kitchen. There are also ladies and gents toilets servicing both the bar and restaurant along with other service rooms including cellar.

Trading Figures: Certified accountancy information is not available, Takings sheets for the business covering the period 1st April O9 to 30th September 09 indicate a gross sales figure of £214,491. Past accounts for the period 1st April 08 – 31st August 08 indicate total sales for the period of £197,386 ( net) with a Gross profit of 63.8%

Other information

Expansion potential:

The sky's the limit, give Derek Burgoyne at Cornerstone Buisness Agents a call to find out how this bar & restaurant is so special . Also ask about other great businesses for sale in Scotland

Competition / Market:

Loads of bars and restaurantsin Peebles , but note as nice as this! If you are looking for businesses for sale in the borders of Scotland then this must be considered .

Support & training:

Full support and traing in every aspecy of buying and running this business is avaialbe from Cornerstone Business Agents, Scotlands leading business sales specialists. We have many more businesses for sale in all parts of Scotland

Reasons for selling:

Looking for a new tenant.