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Rarely Available Hotel, Bar, Restaurant, Nightclub in Wishaw For Sale

Wishaw, North Lanarkshire, UK
Freehold Price:
Undisclosed
Leasehold:
Available on request
Turnover:
Available on request
Net Profit:
Available on request

Freehold & Leasehold OFFERS INVITED

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 AM license
• 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 tables/chairs in the restaurant. The bar consists of the same with additional 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 license. If reopened, 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's priorities change as their business has developed over the past 20 years.

Full financial information can be shared with seriously interested parties. Viewings strictly by appointment only; do not approach the team directly.

Property Information

Property:

Available as freehold and leasehold

Leasehold Type:
New
Location:

Wishaw, ML2 7NG.
Wishaw is a town located in North Lanarkshire, Scotland. It is situated approximately 16 miles southeast of Glasgow and about 33 miles west of Edinburgh. This central location in the Clyde Valley makes Wishaw a convenient place for residents and visitors traveling between Scotland’s two largest cities. Wishaw is well-connected by road and rail, making it easily accessible from both Glasgow and Edinburgh. As of the latest estimates, Wishaw has a population of around 30,000 people. The town has experienced moderate growth and demographic changes over the years, reflecting broader trends in the region.

Premises Details:

This business comprises of an 80 cover restaurant, bar, 250 capacity nightclub and 11 en-suite letting rooms. The premises benefits from ample car parking on site as well as free parking nearby on the street. There’s external waste storage and a sizeable double garage to the rear. The building is in fantastic condition with no expense spared on fit out. Upon entry you are met with a substantial bar leading round to the restaurant with its own beer garden. Attached to the Hotel is the nightclub which has ceased trading since 2023 - this provides an opportunity for a new owner to reopen straight away. Alternatively this space would be perfect as a function space with a small investment. On the opposite side of the property is the Hotel entrance, leading up to the first floor where there are 7 rooms, and spiral staircase leading up to a further 4.

Business Operation

Reasons for selling:

Business direction

Trading hours:

7 days per week

Employees:
15
Years established:
25

Other Information

Support & training:

handover provided by vendor

Financing available:

We can introduce you to our network of finance brokers to assist in raising funds where required.

Related Documents:
Leasehold asking price:
Undisclosed