Dalgarven House Hotel Sold in Ayrshire

Posted on September 22nd, 2016

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Bruce & Co. are delighted to announce the sale of the Dalgarven House Hotel in Kilwinning, Ayrshire.

The country house hotel, which is set amongst rolling countryside, is a very well established business that has been run by the vendor, Mr Graham, for the past 20 years. The hotel trades throughout the year from a good mix of accommodation, functions, food and wet sales.  The business benefits from much repeat custom, particularly due to its location next to the river and also its commuter links.

The property incorporates 10 letting rooms and a function suite with a capacity for 110 people. Further to this, there is a beautiful landscaped garden which overlooks the river. As such, Dalgarven House Hotel is a popular wedding venue.

Interest was expected to be high, and following 5 viewings, the hotel was acquired by Mr Volker Steinemann on a freehold basis. The purchaser currently oversees 2 hotels in the Glasgow area, and felt that Dalgarven House Hotel would be a great first property for him to operate as an owner.

Referencing the service received at Bruce & Co., Mr Graham comments “The service I received was great! Jayne Adamson, Sales Manager at Bruce & Co., kept me updated consistently with any updates, and was available for any advice during the sale.”

Safa Sultan, Sales Negotiator at Bruce & Co. comments: “It was a pleasure to work with the vendor to achieve a sale. I look forward to an update from Mr Steinemann to see what he has planned for the business”

Angus – Location Report

Posted on September 19th, 2016

Bruce & Co.’s location report on Angus has been published in the latest edition of the renowned Pub & Bar Magazine! Full article below:

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Angus is known to be the ‘the birthplace of Scotland’, and as such, the county is steeped in exciting history; having played a key role in the formation of the Scottish nation, when the Declaration of Arbroath was signed in 1320.

Situated on the east coast of Scotland, between Aberdeenshire, Dundee City and Perth and Kinross, the area offers countryside, magnificent glens, numerous seaside towns, serene beaches and championship golf courses. The region presents a perfect environment for a variety of historical, cultural, outdoor and leisurely pursuits; providing a great opportunity for a relaxing break for individuals as well as families.

The food and drink sector plays a key part in the area’s economy, and is known for its mix of restaurants, pubs, bistros, cafes and takeaways. In fact, the food and drink sector is one of Scotland’s key areas for growth. According to a report by advisory firm BDO LLP, the £11bn a year industry is predicted to grow by 20% in the next year by the majority of the firms questioned.

Angus takes a lot of pride in its mix of food and drink offered, celebrating the industry with a range of festivals, such as the Taste Angus Food and Drink Festival, which aims to showcase the region’s produce, suppliers and culinary talent.

Angus is also renowned for its traditional pubs, which compliments the modern bars which are dotted all around the county. Pubs within the county range from providing locally brewed ales to fine wines and cocktails, and many serve delicious meals. Numerous pubs also offer accommodation, providing an excellent base for visitors to explore the region, with entertainment, food and drink and accommodation all under one roof. Many visitors choose to stay in a pub with accommodation, as they are seen as being cheaper than some of the accommodation businesses within the area and are seen as an excellent alternative to traditional B&Bs and hotels. They also offer all the necessities that today’s traveller wants, with many extra amenities.

With the plans to grow the food and drink industry, licensed and leisure businesses within Scotland are set to benefit greatly over the coming years, and therefore acquiring a licensed and leisure business can be a lucrative prospect.

In particular, Angus is said to provide an excellent quality of life for anyone wishing to settle there – no matter what age or lifestyle. Whether one chooses to live in the countryside, or decide to reside in one of Angus’ more vibrant towns; everyone is sure to enjoy a real sense of community. Continuing investment in the economic and social development in the area is also encouraging people wishing to invest in businesses within the area.

Bruce & Co., part of the Altius Group, is a market leading business broker dealing in the licensed, leisure and retail sectors. With a bank of licensed and leisure properties all across Scotland, including Angus, we are pleased to offer for sale:

The Railway Inn, Ref: 4377

  • 1 Gardyne Street, Angus, DD11 4SN
  • £250,000
  • Freehold

The Railway Inn is a busy village public house that has been run by the current proprietor since 2007. It occupies an enviable position on Gardyne Street in the village of Friockheim.

The business is long established and has built up a reputation as a ‘hub’ within the village; a place for a sociable drink and an entertainment venue. It hosts 2 darts teams, 2 pool teams and is a regular venue for Scottish music sessions. The current vendor also organises regular music nights featuring local bands.

  • Traditionally built detached building over two floors, with the public bar occupying the ground floor. The main entrance is from the front.
  • The bar is well presented with a traditional gantry to the rear
  • The public bar has seating for 40+ persons
  • The sale also comes with a 3-bedroom owner’s flat (2 double bedrooms, 1 single bedroom, shower room, fitted kitchen and spacious lounge

The Old Reid Park Bar, Ref: 43571

  • 37 – 43 West High Street, Forfar, Angus, DD8 1BE
  • £264,995
  • Freehold

This is a popular and very busy free house situated in Angus. The pub was purchased by our clients over 5 years ago and has been placed on the market due other business commitments. The property has been very carefully maintained by our clients throughout their ownership and is presented in true walk in condition with no work required before new owners can commence immediate trading.

The business trades with wet & dry sales and although it is trading well, the function hall above provides an additional source of revenue; offering the perfect venue for private dining as well as function hire.

The business occupies a large prominent corner located, stone built property which is arranged over 2 floors. This attractive property is of traditional appearance and has been beautifully maintained and cared for inside and out.

The ground floor comprises of a modern bar area to the right hand side with bar stools, and is furnished with modern low lying tables and sofas. Beyond the bar area, you step down into another area with feature wood-burning stove and comfortable seating. A function room is situated on the second floor and can accommodate up to 50 covers and there are customer WC facilities located in the centre of the property on the second floor.

Hunters Quay Stores Sold in Argyll and Bute

Posted on September 13th, 2016

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Bruce & Co. are delighted to announce the sale of Hunters Quay Stores in Dunoon, Argyll and Bute.

The sale adds to the success Bruce & Co. have witnessed in the sector this year, having sold a number of convenience stores and with many more in the pipeline due to complete.

Hunters Quay Stores was placed on the market by the confidential vendor due to retirement, and remained under their for the past 15 years. The business offered a unique business opportunity by further offering a laundrette service.

The property comprises of a traditional lock up unit, and the main shop came well fitted with all the facilities needed to run a business of this nature.

The sale generated 4 viewings and 3 offers, before being sold to a private buyer on a freehold basis. The buyer comments: “I was impressed by the service that was provided by Bruce & Co. and in particular, Safa Sultan (Sales Negotiator), who handled the sale of the business as she kept me in the loop at every turn. She was friendly, gave good advice and was a pleasure to deal with.”

Safa Sultan adds: “It was a pleasure to work with both the seller and the buyer of the business. I am pleased the vendor can now retire, and look forward to an update from the buyer and seeing what they have in store for the business.”

Former Bakery Premises Sold in Montrose, Angus

Posted on September 8th, 2016

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Bruce & Co. are delighted to announce the sale of the former McKay’s Bakery business in Montrose, Angus.

The bakery business itself stopped trading back in 2013, and thus provided an excellent freehold development opportunity.

The property is in a terraced position set over the ground floor, which extends to circa 66 square meters. The premises came well fitted throughout, including a food preparation area, office and other staff facilities.

The sale presented an excellent opportunity for a new owner to establish their own bakery business, or utilise the premises for a number of other business ventures.

The vendors, Mr and Mrs McKay, decided to place the business on the market due to their retirement. Following 3 viewings and 2 offers, the business was sold to a confidential buyer on a freehold basis. The buyer’s reason for the purchase is to relocate their existing business into the premises as it is said to be a good fit.

Mrs McKay comments: “I was very happy with the marketing and coverage of the business. I received regular updates on the sale, and liked that. I would recommend Bruce & Co. to others.”

Safa Sultan, Sales Negotiator at Bruce & Co. commented: “I’m pleased that we have sold the premises, allowing Mr and Mrs McKay to retire. I look forward to seeing what the buyer has in store for the premises.”

Scoops of Pitlochry Sold in Perth and Kinross

Posted on September 1st, 2016

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Bruce & Co. are delighted to announce the sale of Scoops of Pitlochry; a charmingly presented cafe located in Perth and Kinross.

Bruce & Co. have enjoyed a strong first half of the year in the licensed and leisure sector, with other café and restaurant sales including Mint Café in Edinburgh, Robin’s Nest in Berwickshire, and the Oystercatcher in Argyll.

The Scoops of Pitlochry was founded by the vendor, Mr David Keddy, in 2012, and has developed a reputation for being one of the town’s best places to enjoy food with friends and family. The café was placed on the market due to Mr Keddy’s wish to retire.

The property comprises of a traditionally built terraced building and came well fitted with an equipped kitchen, food preparation area, and toilet facilities.

The sale generated strong levels of interest with 6 viewings, before being sold to first time buyer, Mrs Jemma Barclay, on leasehold basis.

The vendor, Mr Keddy, commented: “Everything went well – I would recommend Bruce & Co. to other people. I was kept up to date with all progress.”

Safa Sultan, Sales Negotiator at Bruce & Co. stated: “The sale of the café provided a great opportunity to purchase a well-established business with excellent potential. I’m pleased that the vendor can retire knowing the business has been sold to someone very capable.”

The Winston Guest House Sold in Inverness

Posted on August 18th, 2016

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Bruce & Co. are delighted to announce the sale of the Winston Guest House which is situated in the very heart of the Scottish Highlands in Inverness.  The guest house overlooks the River Ness and incorporates magnificent views of  Inverness Castle.

The business had been under the ownership of the vendor, Mr Afsar Mohammed, for over 10 years, who decided to place the business on the market due to his wish to retire.

The guest houses has traded successfully throughout the years and the quality of the business is reflected in the number of awards it currently holds such as 3 Stars from Visit Scotland.

The sale of the Winston Guest House offered a fantastic lifestyle opportunity for a potential buyer to purchase a high quality, beautifully presented property with scope for further growth and development.

The substantially sized property included 18 en-suite letting rooms, with some of the rooms being located in the garden cottage. The sale also came with a wonderful owner’s accommodation.

Following 3 viewings and 2 offers, the business was acquired by Ms Tracey Wilding on a freehold basis. The size and the location of the property were cited as key features which attracted the buyer to the property.

Safa Sultan, Sales Negotiator at Bruce & Co. comments “I would like to wish Mr Mohammed all the best in his retirement. He was a pleasure to work with. I would also like to wish Ms Wilding the best of luck with her new venture”

The Tables Guest House Sold

Posted on August 1st, 2016

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Bruce & Co. are delighted to announce the sale of The Tables Guest House in the Isle of Skye.

The business was placed on the market by Mr and Mrs Henderson due to their wish to retire, after looking after the business for 10 years. Under their care, the guest house was awarded a Certificate of Excellence from Trip Advisor, and has received fantastic reviews from previous guests on a multitude of online hotel booking websites.

The guest house comprises of a charming detached property, with an elegant interior and spectacular views – thereby making the sale an attractive business prospect. The sale also included a 2 bedroom owner’s accommodation.

The sale of The Tables Guest House generated impressive levels of interest, and following 9 viewings, was sold to Janet Farrell and Stuart Wilson on a freehold basis.

Mrs Henderson has since thanked Bruce & Co. for their help in selling their business, allowing them to be able to retire.

Jayne Adamson, Sales Manager at Bruce & Co. comments: “We were anticipating a high level of interest for this business, as it provided potential buyers with an excellent lifestyle opportunity, which still has plenty of potential. I wish the Mr and Mrs Henderson all the best for the future, and look forward to seeing what the buyers have in store for their new acquisition”

Impressive Levels of Interest for the Sale of Reston Country Store

Posted on July 29th, 2016

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Bruce & Co. are delighted to announce the sale of Reston Country Store located in Eyemouth, Scottish Borders.

The business had been under the ownership of the vendor, Mrs Steven Kinsella, who decided to place the business on the market due to personal reasons. The business generated impressive levels of interest with 10 viewings before being sold to Mrs Pauline Maciver on a leasehold basis.

Reston Country Store benefits from being the only store in the village, and comprises of a traditional sandstone building with independent accommodation located above. The property came well fitted throughout.

Referencing the service received from Bruce & Co., Mrs Maciver comments: “The service received was good – I had no problems whatsoever. My nominated Sales Negotiator, Lucy Doherty, was great. She was friendly and really helpful. Thank you!”

Lucy Doherty from Bruce & Co. comments: “I am pleased that Mr Kinsella has now found a suitable buyer for his business, and I wish him and Mrs Maciver both the best of luck”

Extensive Interest for the Sale of the Mint Cafe

Posted on July 25th, 2016

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Bruce & Co. are delighted to announce the sale of the Mint Café Ltd located in Edinburgh.

The sale of the modern café generated extensive levels of interest with an impressive 63 viewings! The business was sold to Mr Kenny Cameron, an experienced operator who was looking to expand.

Mint Cafe had been under the ownership of Clare Nelson and Clare Rodgers since 2012, and they decided to place the business on the market due to their wish to relocate down south to London.

Mint Cafe offers a menu for breakfast, lunch and snacks as well as a selection of cakes, teas and coffees. The business receives many positive reviews on Trip Advisor from previous customers, and even though trading successfully, the business still has excellent scope for growth, such as by introducing outside catering.

The business premises occupies a purpose built unit located on the ground floor of office buildings. The business holds a prominent position at the start of the main financial district and incorporates covers for 40. The property came well fitted throughout.

Mr Cameron acquired the business on a leasehold basis, and sale completion took only 2 months. The location was cited as a key reason in his decision to purchase the café.

Safa Sultan, Sales Negotiator at Bruce & Co. comments “Mint Cafe offered potential buyers with a fantastic walk in business opportunity within a highly sought after main street location. It was a pleasure to work with both the sellers and the buyer, and I wish them all the best for the future”

Quick Sale of a Convenience Store in Fort William

Posted on July 18th, 2016

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Bruce & Co. are delighted to announce the sale of a well-established convenience store in Fort William, Highland.

The sale of K K Cameron (Londis) convenience store completed within just 2 months, and sold to Mr Hadley from RS McColl on a freehold basis. Mr Hadley comments: “I am very pleased with the way Jayne Adamson from Bruce & Co. kept me informed throughout the purchase of the convenience store. I would recommend them to anyone who is wishing to sell or buy!”

The business was operated for over 50 years by the vendor, Mr Kenneth Cameron, and was brought to the market due to his wish to retire.

The property came fully equipped, and incorporates a shop floor which is around 1200 square feet. The property also incorporates ample storage areas, manager’s office and staff welfare facilities. Presented in walk in condition, a buyer was found within a short amount of time.

Jayne Adamson, Sales Manager at Bruce & Co. states: “Mr Cameron was a pleasure to work with, and I wish him well in his retirement. This business sold very quickly – it came on the market on the 5th of April, and due to interest generated, a closing date was set for the 20th of May. I wish Mr Hadley all the best also.”