Sergio’s Restaurant Sold in Scottish Borders

Posted on November 8th, 2016

Bruce & Co. are delighted to announce the sale of Sergio’s, an extremely busy and well-run Italian restaurant in Hawick, Scottish Borders.

Sergio’s operates from a traditionally built detached property in Hawick, a large commuter town located off the A1, just a 40-minute drive from Edinburgh. With seating for over 60 covers, this long-established business in the town, has been owned by the same family since 1983. This exciting opportunity was placed on the market with an asking price of £38,000, following the vendor, Mr Sergio Antonacci, wishing to sell due to retirement

Following several viewings, the business was sold to Mr Eric Desneuf, who commented: “I think Bruce & Co dealt with the sale really well, I would recommend and use them again as I was kept up to date throughout the process.”

Mr Antonacci said: “I would like to thank Lucy Doherty (Sales Negotiator at Bruce & Co) for all her hard work throughout the time we were on the market and her help pushing the sale to completion. She was always giving us updates.”

Lucy Doherty from Bruce & Co commented: “I was delighted to be involved with this restaurant business sale. Throughout the sale process my priority was to keep in close contact with both parties and keep them informed. I wish them both all the best in their new ventures.”

To find out more details about the businesses available for sale, and sold, through Bruce & Co please visit: www.bruceandco.co.uk

NOTES TO EDITORS

Bruce & Co

Bruce & Co, part of Altius Group, is a specialist business broker working within Scotland. Altius Group is a market leader in business sale transactions for small to medium size enterprises. The group includes some of the most well-respected and leading business brokers in the marketplace. Altius Group offers a sector-specialist approach, tailored to the requirements of our clients. With over 40 years’ experience in business selling we have a proven track record in delivering successful sales, constantly striving to surpass the expectations of our clients.

For more information please visit: www.altiusgroup.co.uk

Contact:

Name: David Cowlishaw

Position: Marketing & PR Executive

Tel: 01772 775791

Email: David.Cowlishaw@altiusgroup.co.uk

Colliers Bar Sold in Renfrewshire

Posted on October 31st, 2016

Bruce & Co. are delighted to announce the sale of Colliers Bar; an excellent corner pub in Johnstone, Renfrewshire.
The pub boasts a great established clientele and prime location, on a corner of Johnstone’s High Street. Much of its trade comes from the local community, with a varied income from both wet and dry sales. The business is easily managed and unlike many other licensed businesses, is currently seeing turnover increase year on year.

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Colliers had been under the ownership of the vendor, Mr Docherty, who decided to sell due to his wish to retire.
Following 5 viewings and 2 offers, the business was sold to private buyers.
Safa Sultan, Sales Negotiator at Bruce and Co, comments: “I’m very happy that this sale was completed, allowing Mr Docherty to retire knowing his pub is in safe hands.”

Retail Unit Sold in Edinburgh

Posted on October 13th, 2016

Bruce & Co. are delighted to announce the sale of a well presented shop unit located in Abbeyhill, within Edinburgh City Centre.

The property offered an excellent development opportunity, and initially traded as a barber shop. The property comprises of 2 floors, approaching 900 square feet. The ground floor of the property incorporates a large front shop, along fixtures and fittings appropriate for a traditional barber shop. The garden level benefits from being split into two areas, and further incorporates WC facilities.

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The retail unit was placed on the market by the confidential vendor to focus on other commitments, and following extensive interest with 10 viewings, the property was sold to a private buyer on a freehold basis. The buyer will be using the premises as office space. Sale completion from the time the offer was made took only three months.

Safa Sultan, Sales Negotiator at Bruce & Co. comments: “The property offered potential buyers with a variety of uses. The unit will now be used as a solicitor’s office, and I am pleased that the buyer has found an ideal location to implement this. I wish both parties the best of luck for the future.”

To find out more details about the businesses available for sale, and sold, through Bruce & Co please visit: www.bruceandco.co.uk

NOTES TO EDITORS

Bruce & Co

Bruce & Co, part of Altius Group, is a specialist business broker working within Scotland. Altius Group is a market leader in business sale transactions for small to medium size enterprises. The group includes some of the most well-respected and leading business brokers in the marketplace. Altius Group offers a sector-specialist approach, tailored to the requirements of our clients. With over 40 years’ experience in business selling we have a proven track record in delivering successful sales, constantly striving to surpass the expectations of our clients.

For more information please visit: www.altiusgroup.co.uk

Fairytale Events Sold in Aberdeen

Posted on October 10th, 2016

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Bruce & Co. are delighted to announce the sale of Fairytale Events; a thriving unique events hire company situated in Aberdeen. The business specialises in event organisation, dressing and entertainment.

The business was established by the vendor Mrs Singer, in 2008 and over the years, has gained an enviable reputation not only from private clients, but also large corporate organisations. The events company has an excellent base of loyal clientele and enjoys much repeat custom generated mainly through word of mouth and recommendations.

The business premises is situated within an industrial unit, designed over 2 levels.

Following 3 viewings, Fairtytale Events was sold to Ms Jill Shaw on a leasehold basis. Should the new owner wish to, the business could be relocated as all the equipment, which was included in the sale, is fully mobile.

Safa Sultan, Sales Negotiator at Bruce & Co. comments: “This was a really quick transaction. We are really proud to have found a buyer within just a few months of the business being on the market.”

To find out more details about the businesses available for sale, and sold, through Bruce & Co please visit: www.bruceandco.co.uk

NOTES TO EDITORS

Bruce & Co.

Bruce & Co, part of Altius Group, is a specialist business broker working within Scotland. Altius Group is a market leader in business sale transactions for small to medium size enterprises. The group includes some of the most well-respected and leading business brokers in the marketplace. Altius Group offers a sector-specialist approach, tailored to the requirements of our clients. With over 40 years’ experience in business selling we have a proven track record in delivering successful sales, constantly striving to surpass the expectations of our clients.

For more information please visit: www.altiusgroup.co.uk

Contact:

Sabiha Motala

Marketing & PR Executive

Tel: 01772 775751

Award Winning Café Sold in Edinburgh

Posted on September 29th, 2016

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Bruce & Co. are delighted to announce the sale of Blue Bear; a charmingly presented café and bistro located in Edinburgh.

The award winning business was under the ownership of the vendors, Mr and Mrs Gillespie, for over 3 years, before they reluctantly decided to place the business on the market due to personal reasons. The licensed café has won several awards since operation, including the ‘Best Café in Edinburgh’ in the Skinny Magazine Food and Drink Survey, and coming in at number 18 in the UK’s top 100 restaurants as voted for by Yelp (Daily Telegraph) reviewers in 2015.

The business is renowned for offering excellent home-made hearty food for breakfast and lunch in a warm and welcoming environment. Although trading extremely successfully, there is still excellent potential for the new owners to increase turnover, such as by introducing evening meals and increasing opening hours, as the business has historically only operated for breakfast and lunch time trade.

The Blue Bear currently accommodates 45 customers on the ground floor with an additional outside seating area, and incorporates a fully fitted kitchen.

Interest was expected to be high, and this was proved correct with an impressive number of 8 viewings. The cafe was later acquired by an experienced confidential buyer on a leasehold basis. The location and the reputation of the business was cited as key reasons in their decision to purchase the Blue Bear cafe.

Safa Sultan, Sales Negotiator at Bruce & Co. comments: “This was a lovely business purchase situated in the centre of Edinburgh with a great reputation. I have no doubt that the new owners will nourish and grow the business. It was a pleasure to work with everyone involved in the sale.”

Linsmohr Hotel Sold in Aberdeenshire

Posted on September 27th, 2016

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Bruce & Co. are delighted to announce the sale of Linsmohr Hotel in Pitmedden, Aberdeenshire.

The sale of the business offered a unique opportunity to purchase a high quality, beautifully presented Aberdeenshire hotel which has traded exceptionally well, but with potential for expansion. The property benefits from its highly desirable location and status as one of Aberdeenshire’s finest small hotels, with a reputation for excellence.

Dating back to 1850, the building has been extended and modernised at various periods, and was sold in walk in condition. Set in its own spacious grounds, the hotel offers excellent guest accommodation, currently with 5 letting rooms. The business also incorporates a large restaurant and function suite.

The sale generated good levels of interest with 6 impressive viewings. The hotel was sold to a private buyer on a freehold basis.

Safa Sultan, Sales Negotiator at Bruce & Co. comments: “We are pleased that a buyer has been secured for the vendors. I wish both parties all the very best going forward”

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.”