Award-Winning Restaurant in Midlothian for Sale, Popular for 18 years
Gorebridge, Midlothian
- Status
FOR SALE
- Date Submitted:
28/02/24
- Advert ID
607558
- Reference
1640 / Rightbiz
- Call Agent:
- Freehold: £595,000
- Turnover: On request
- Net Profit: On request
Business Details
A well presented and popular restaurant in Midlothian (ref 1640)
Same owners for the last 18 years. Retirement sale. One of the best and most popular restaurants in Midlothian. 70 Internal covers. Beer garden and car park. Award winning business. Run under management. Huge additional scope for hands on owners. Well-presented kitchen and service areas. Impressive turnover levels.
FREEHOLD Guide price £595,000.
The town of Gorebridge is situated in Midlothian, close to the towns of Newtongrange, Bonnyrigg and Dalkeith. Gorebridge is an expanding town with a population of just over 8,000. There are and have been, a number of new house building projects which have expanded this popular commuter and residential town.
Gorebridge is located just off the A7 one of the main south bound roads leaving Edinburgh city centre heading to the Scottish Borders region. The town is approximately 14 miles south of Edinburgh city centre. The town also benefits from a train station and rail link on the Waverley line, with regular trains into central Edinburgh.
The Coronation enjoys a highly prominent trading location close to the heart of the village on Hunterfield Road.
The business has been in our clients’ hands for the last 18 years, during which time our client has established the Coronation as an award winning and popular family restaurant. The business is primarily run under management, with our clients mainly taking a supervisory role.
The business has a vastly experienced management team that includes a full-time manageress as well as head chef and kitchen team. The business trades with a near 80/20 mix of food and wet sales.
The Coronation is a renowned eating venue including a multi award winning business recognised for its staff as well as quality fayre.
The business also welcomes funeral bookings as well as small weddings and many functions and celebrations. There is a well-presented beer garden to the front of the property and a customer car park to the rear.
New owners will be inheriting a very successful family restaurant but also a highly honed blueprint for running a quality eating establishment. The business and property are offered for sale in walk-in condition for new owners.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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