Superb multi-income hotel business. Same owners since 2004. 6 superbly presented ensuite bedrooms. Large restaurant (80) with bar and feature fireplace. Well patronised public bar. Snug. Large owners flat. Well-tended beer garden and patio area. Large secure car park. Valuable grounds and outbuildings. Consistently strong turnover. Retirement sale.
Freehold Guide price £450,000.
The “lang toun” of Kirkcaldy is one of the largest towns in Fife, located on the Fife coast the town is home to around a population of 50,000 residents. The town is historically famous as the birthplace of economist Adam Smith as well as being formally the linoleum capital of World.
Nowadays, Kirkcaldy economy is dominated the by the service sector and the town is still the home to the “Links Market” the biggest annual street fair in Europe which comes to the esplanade every April.
The Elbow Room is located at the northern end of Rosslyn Street close to the A92, offering easy access to Glenrothes and the motorway network. Edinburgh, Dundee and Perth can all be accessed within an easy 45-minute drive, while Glasgow is 1 hour to the west.
The immediate area around the hotel is also undergoing significant expansion. A £500 million housing development began in 2019 with the building of 1000 new homes as well as a primary school and associated infrastructure. This development across the road from the business continues at a pace at present.
The Elbow Room is a well-managed and exciting opportunity for a buyer. The business is a great all-rounder is terms of trade, operating with strong bar and restaurant sales as well as a good B & B income. Our client has owned and operated the business since 2004 and has carefully restored and updated the business. At present the business performs very well but there is significant opportunity to expand the business further, especially with the arrival of nearly 1000 new homes in the immediate area over the next few years.
