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Listing ID: 3003932
Seller ref: 10300

Borders Family Restaurant With Owners Accommodation For Sale

Kelso, Scottish Borders, UK

Asking Price:: £495,000

Turnover:: £500K - £1M

Net Profit:: Available on request

+ 7 images

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 play area), central bar and outside storage to the rear. On first and second floors there is a spacious flat, recently refurbished and offering 3 to 4 bed accommodation with its own dedicated entrance to the rear of the building.

This thriving business has been in the same ownership since 2010 and is popular with locals, tourists and visitors throughout the year.

Property Information

Property:: Freehold

Living Accommodation:: The owners accommodation, recently refurbished to a high standard the flat comprises of a lounge, ktichen, bathroom, 2 ensuite bedrooms on the first floor and 2 further bedrooms at attic level.

Location:: Kelso is an affluent Borders market town, steeped in history with its cobbled streets and Town Square. The business 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 c.6,000 but this swells during the Summer months and weekends given the draw of tourists to the area.

Premises Details:: The property is a handsome two storey and attic stone built property of traditional stone construction with flat roof extensions to the front and rear but formed mainly under a pitched and slated roof.

Energy Performance Rating:: G

Business Operation

Expansion Potential:: Scope to increase covers (utilising childrens play area) or expanding the bar if required. Additional scope to let the flat or for a B+B (airbnb) should any buyer wish to live elsewhere. Turnover levels have been consistent throughout the current ownership.

Competition / Market:: Other eating establishments, hotels, pubs and smaller cafes and bistros in the locale making it a popular destination for a meal or drink out.

Reasons for selling:: Our clients are selling and planning to retire from this business.

Trading hours:: Normally Monday - Sunday 11am - 9pm (last orders)

Years established:: 10

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