Rarely available, prime hospitality business and substantial property in Wishaw, North Lanarkshire. Multi-use venue consisting of:
• Public Bar
• 80-cover Restaurant
• 11 en-suite letting rooms
• 250 capacity Nightclub with 3AM licence
• Off street parking
• Sizeable external garage
Operated under management and part of the landlord’s growing group of multiple hotels. Massive potential for growth with the recently closed Nightclub [closed January 2024]
55% Wet-Led, 28% Food, 17% Accommodation
Restaurant and attached bar. Attractive high standard of fit out. Commercial kitchen and large cellar. Mixture of booth and table/chairs in the restaurant. The bar consists of the same with additiional stools and high tables. Decor includes many collectibles. Beer garden and impressively sized garage to the rear (currently utilised for storage), and external seating to the front of the building.
There are 11 en-suite rooms fitted out to a high standard. 10 rooms in use with 1 used for storage. Consistently booked year-round with 90% average occupancy and ARR £66.
The 250 capacity nightclub is currently closed. Historically, it generated high turnover and is the only venue in Wishaw with a 7-day 3AM licence. If re-opened, this would provide additional income straight away, alternatively it would be well suited as a function space given the high end sound system and fully equipped bar.
Huge opportunity for growth as the current owner priorities change as their business has developed over the past 20 years.
Offers Over £1,100,000 for the heritable interest & going concern.
Full financial information can be shared with seriously interested parties. Viewings strictly by appointment only - do not approach the team directly.
