Clovenfords Country Inn, Leasehold, Fixed Price �57,500

Galashiels, Scottish Borders
Price: 57,500
Seller Reference: 5189
Asking Price: Undisclosed
Net Profit: Undisclosed
Sales Revenue: Undisclosed
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold

Business Summary

The business is that of a well rounded busy country inn and restaurant. We understand that sales are split evenly between wet/food/accommodation.

The Vineyard Restaurant is an important part of the business. The restaurant currently caters for around 90 covers every night with an average spend of �13 per head.

The Public Bar is well supported by locals and tourists

We understand that accommodation occupancy statistics run at around 75-80%.

The EPC rating for this property is F.

Clovenfords Country Inn has a prominent position in the centre of Clovenfords, which is near to Galashiels. The Inn has eight letting bedrooms with private bath or shower rooms, very attractive lounge and public bars, a 60 seater conservatory restaurant, and a large and well equipped commercial kitc...

Property Infomation

  Property: Leasehold
 
  Lease Terms: The premises are held on a 10 year full repairing and insuring Punch growth lease from 27 October 2008. There is a security deposit of £15,000 held by the Landlord.
 
  Current Rent: £45,000 per annum
 
  Living Accommodation: Yes
 
  Details of Accommodation: There are 8 letting bedrooms (one with disabled access). Two of the letting bedrooms were previously utilised as owners accommodation.
 
  Location: Clovenfords Country Inn is located in the village of Clovenfords, on the A72 in the heart of some of the most attractive Scottish Borders countryside overlooking the River Tweed. The town of Galashiels (population around 14,500) lies some 4 miles to the east, and Edinburgh is only 30 miles to the north.

Other Details

  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No