Very popular restaurant & bar. Trading well, but with potential to improve. Town centre location in a very popular market town. 100+ cover restaurants. Beer Garden. Good turnover profit. Ideal for a husband-and-wife/partnership team. 4 bedroom owners flat included in price.
FREEHOLD Guide price: £550,000.
The affluent Borders market town of Kelso is a highly sought-after residential locale in the Scottish Borders. The town is a comfortable hour's drive south of Edinburgh and approximately a ninety-minute drive north of Newcastle upon Tyne.
Kelso is a popular market town and tourist area with many attractions drawing year-round visitors, including holidaymakers, tourists, day trippers, racers, and fishermen.
Some of the attractions in Kelso include Floors Castle, Kelso Abbey, Kelso Show Ground, and Racecourse, as well as nearby world-class fishing on the River Tweed.
The Waggon Inn occupies a prominent trading location in the town centre in an ideal location to cater for local, passing, as well as tourist trade. The town has a resident population of circa. 6,000, although this swells in the busy summer period.
Our clients have run and managed The Waggon Inn since 2010 and have skillfully managed to convert the business into a highly desirable restaurant and bar, with the emphasis very much on the food side. The current breakdown of turnover represents an approximation of restaurant sales at 75% and drink/wet sales at 25% of turnover.
Internally, the business is offered in excellent condition, as our clients have continually invested in the internal fabric of the public areas.
The owners’ accommodation is accessed from the rear. The flat accommodation comprises a lounge, kitchen, bathroom, 2 ensuite bedrooms on the first floor, and 2 further bedrooms on the attic level. Purchasers should be aware that the flat requires some modernization.
This area offers excellent potential for conversion into a full owners/managers flat, letting/B&B potential, or large-scale development of the property, which could include conversion of the downstairs kitchen into a traditional dining/beer garden space and moving the commercial kitchen up into the flat. These plans would, of course, be subject to local authority planning consent.
The business is currently run under management with the day-to-day assistance of one of the owners. It is envisaged that wages could be further reduced by more hands-on, day-to-day management.
