Herges on the Loch

Type
Restaurants
Location
Galashiels
Tenure
Freehold

For Sale - offers over £625,000. To Let - Premium offers over £125,000 & Rental offers over £55,000 p.a.

1 Tweedbank Drive Galashiels TD1 3P

Descriptions

Description

Great trading restaurant/bar.  Sales to YE March 2017 have increased £40,000 (from YE 2016) and are at £545,000 net of VAT sales.

EBITDA has increased from £125,000 in 2016 to an adjustetd net profit of £145,000 per annum for YE 2017.

Great licensed freehold opportunity.  Asking price equates to a very low multiplier of only 4.3 times EBITDA.

Beautiful setting immediately adjacent to Tweedbank Park and Gun Knowe Loch.

Five minutes' walk from Tweedbank Railway Station, providing a fast rail link to the surrounding towns and Edinburgh City Centre.

Significant business generators in the immediate vicinity, including Gala Rugby Club, Borders General Hospital, Melrose Abbey, Borders Crematorium and a good resident population within Galashiels, Tweedbank and Melrose.

 

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