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Coltman's Kitchen, Deli & Bar, 71-73 High Street, Peebles, Scotland, EH45 8AN

£75,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

Ask agent

SECTOR

Restaurant for sale

Key features

  • Prime High Street Location
  • Profitable Business
  • High Footfall Tourist Town
  • Fully Licensed with Large Beer Garden
  • Fully Equipped Commercial Kitchen
  • Energy Rating G
  • Christie & Co Ref: 5265422

Description

Description

Coltman's Kitchen, Deli & Bar, a well performing business in the heart of Peebles, Scottish Borders.

Our clients have owned the business for around 12 years and are now looking to focus on other interests.

Location

This outstanding bar & kitchen is located in the heart of Peebles, in the Scottish Borders. A popular destination, the historic town of Peebles is situated at the confluence of the River Tweed and the Eddleston Water, some 23 miles to the south of Edinburgh. It’s accessible from Edinburgh via the A701 and the A703, and from Glasgow via the A721 and the A72. Peebles has been a Royal Borough since 1152, under the rule of King David the 1st, a well known market town and an arts destination town. Peebles is very popular with locals and tourists all year round.

To the south of the town is the Glentress forest, a base for some of the best mountain biking in the country, with over 300,000 visitors a year. It’s also on the John Buchan Way, which is a popular walking route, and is on the banks of the world famous River Tweed, one of Scotland’s best fishing rivers

Internal Details

On entering the property, a large deli counter and prep area is to your left with fixed seating for around 10 to your right. A small corridor leads to the main restaurant area which can accommodate for around 30, male & female toilets, servery and dumb waiter.

A fully equipped modern kitchen is located just off the main stairwell as it leads to the first floor and has all the necessary equipment to trade. A small lounge with a fitted bar which can accommodate for around 40 is situated just off the main landing. The bar is flooded with natural light through the original stained glass windows. A unisex toilet is also on the first floor.

There is additional storage space and an office located on the second floor although this could easily be reconfigured back to owners accommodation with minimal capex.

Fixtures & Fittings

All fixtures and fittings are included within the sale (excluding any personal items).

External Details

A three storey traditional stone terraced property with a pitched and slated roof. Parking is available to the front of the property on first come first served basis.

A well presented south facing beer garden is situated at the rear and can accommodate comfortably for around 80. The beer garden can also be serviced by the additional bar/servery which is also situated to the rear and accessed via the vennel to the side of the property.

The Opportunity

A fantastic opportunity to acquire a well performing business in the heart of Peebles which our clients have owned for 12 years and are now looking to sell to focus on other opportunities outwith the hospitality sector. Coltman's can be found in one of the town's most historic buildings, with the restaurant itself dating back as far as 1711. The business also has a bar which serves a wide range of local beers, an extensive cocktail list and a choice of handpicked wines from across the world. The deli is very popular and has a selection of home made scones, cakes, pastries and sweet tarts which are all baked on site.

Coltman's Kitchen, Deli & Bar has a strong following on social networking platforms and boasts fantastic reviews on TripAdvisor and Google. Our clients have invested heavily in the business and this is reflected within its performance, and is well placed for continued growth, which we are confident a new operator could achieve going forward. The business website can be accessed at

Staff

The business is fully staffed and all employees will transfer to a new owner/company under TUPE.

Trading Information

Full trading accounts are available and will be provided after a formal viewing.

Tenure

Freehold Offers Over £495,000

New Lease
£75,000 Premium
£50,000 Annual Rent

Business Rates

The Rateable Value is £24,750 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the local authority

Regulatory

Premises License

Energy Performance Certificates

EPC 1

Brochures

Coltman's Kitchen, Deli & Bar, 71-73 High Street, Peebles, Scotland, EH45 8AN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stow Station13.1 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5265422-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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