Scots restaurant group up for sale

Venues said to offer ‘superb opportunity’ for new owner

A FIVE-strong Scottish restaurant group is on the market 21 years after it was first established.

Four Howies venues in Edinburgh and one in Aberdeen are for sale individually or as a group.
Described as “exceptionally well-presented and characterful”, the restaurants are located in Chapel Street in Aberdeen, and in Edinburgh’s Victoria Street, Waterloo Place, Bruntsfield Place and Alva Street.
Established in premises off St Leonard Street in Edinburgh in 1990, Howies grew its estate in the capital in addition to operating restaurants in St Andrews and Dundee.
Each of the restaurants aims to offer “quality at reasonable prices” and is said to have established regular repeat custom in their particular area.
Kath Byrnes, operations director at Howies, said individually the units represent five “well-positioned and potentially stand-alone” restaurant businesses operating in “strategically important” areas of Edinburgh and Aberdeen. As a group, they represent an “important presence” in the Scottish restaurant scene, she said.
“The availability of these five units throughout Edinburgh and Aberdeen represents a superb opportunity for a motivated purchaser,” Byrnes said.
“The new owners will inherit a high-quality and high-calibre business with a motivated staff and management team already in place.”
On the market through property agent Christie & Co, Howies in Chapel Street, Aberdeen, has a price tag of offers over £50,000 for the leasehold; and the Edinburgh properties are on the market at o/o £170,000 for the Victoria Street leasehold, o/o £130,000 for the Waterloo Place leasehold, o/o £75,000 for the Bruntsfield Place leasehold, and o/o £60,000 for the leasehold in Alva Street.