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Hotel for sale

West Register Street, Edinburgh, EH2

Offers in Region of £300,000

Property Description

Commercial information

  • Business for sale

Key features

  • Established business brand / long lease
  • Accommodates 34 people / in-house laundry facilities
  • Secure mobile website / Integrated booking system
  • Digital concierge mobile map / Full S.O.P handbook

Full description

Tenure: Leasehold

Haggis Hostel is an extremely well operated business that has been run by the current vendor for 4 years. The business trades throughout the year and its quality is reflected in the number of awards it currently holds. Accredited by Visit Scotland at 4 stars and achieving the certificate of Excellence from Trip Advisor 3 years running. Other accolades include the Golden Back Pack award from T.N.T Travel Magazine, Top Choice 2015 from and highly recommended by, Late rooms, and Trivago to name a few. Currently listed in the top 20 specialist accommodation in Edinburgh and among the cites top hostels. Haggis Hostels is certainly a symbol of quality to the budget traveller and has been named as Edinburgh's best hostel by numerous notable travel bloggers.
Haggis Hostels occupies at present one site. Located in the centre of Edinburgh overlooking the prestigious Balmoral Hotel with views of the iconic Princess Street from the kitchen window. The business has been built as a brand with the vision to expand across the country. With the smiling happy character Hamish the Haggis as a symbol of this friendly Scottish brand. This would be an ideal investment for someone with the drive and vision to continue with this project and works equally as a stand alone business in this highly sought after location.
Additional marketing is carried out through its own recently upgraded secure website The website hosts a fully integrated custom built booking engine. Haggis Hostels also comes with an innovative android and apple digital concierge smart phone APP. The APP is free to download, and can help you to book accommodation, extend your stay, release special offers and up sells affiliate partners products thus earning commission on all sorts of products and experiences. This is also a tool for the haggis Hostels guests so that they can enjoy their stay to the full. Haggis Hostels has built up an excellent reputation and now boasts a large social media following through various channels of over 7000 people. Haggis Hostels also has a database of over 10,000 previous guests.
Haggis hostels also has an in house laundry which can cope with the hostel's laundry, guest laundry and currently processes laundry for a local business with a gross value of around 10,000 per annum.

Haggis Hostels is located on West Register Street in the Heart of Edinburgh City. The Hostel is within 1 minutes walk from Princess Street, located at the top end opposite the Balmoral Hotel and St James Shopping Mall. Ample Parking is available via NCP car parks.

Haggis Hostel occupies the third floor of 5 West Register Street. The property entrance is from the front. Access to the business is via a stone stairway. The business is then accessed via a secure entry door on the third floor. On entering you are welcomed by a spacious reception hallway with a computer hub housing 3 built in guest computers. The reception area benefits from a lockable office and gives access to all areas. The business boasts a spacious guest sitting room, computer area, laundry, communal kitchen/dining area along with 6 bedrooms, a communal shower block and separate toilets. The sitting area is well presented and furnished with durable folding chairs and tables. The kitchen is fully fitted and comes fully equipped. The communal shower area has 4 private cubicles, each with an electric shower and lockable door. The laundry is for staff use only and is again fully equipped. Ladies and gents WC are well located off the reception.

Haggis Hostels has 6 bedrooms. The bedrooms are well proportioned and furnished with full size wooden bunk beds. The rooms comprise of 1 bedroom sleeping 10 persons, 1 sleeping 8 persons and 4 sleeping 4 persons each. Each room is well presented and neutrally decorated.

The business trades 365 days per year. Haggis Hostels has been custom fitted and recently renovated with the traveler in mind with international plug sockets installed next to each bed and 1 storage locker per person With 34 beds Haggis Hostels is the ideal size for groups and specialises in exclusive hire. Haggis Hostels caters for a variety of guests from single person travelers / tourists to large groups. The business also offers an exclusive use package for large groups up to 34. For single travelers Tariffs range from 20-100 per bed per night which includes a self service continental breakfast. For exclusive hire and group use the price per day starts at 1050 and increases up to 2500.00 during peak season also including a self service continental breakfast. The business is staffed 24 hours per day. The current vendor manages the business with hands on role, along with 6-8 seasonal staff.

The sale of Haggis Hostel offers a rare opportunity to purchase a high quality, beautifully presented branded business with fantastic potential for expansion. The business has the added advantage of having an operational mobile app and secure mobile friendly website.

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