Play your part in historic property | Scottish Licensed Trade News

Scottish Licensed Trade News

Play your part in historic property

Posted on by in Property

The Tolbooth in Musselburgh offers scope for growth

023_Tolbooth

Operators looking for a historic property might be interested in The Tolbooth in Musselburgh, which has come on to the books of property firm The Restaurant Agency.
Located in the heart of the East Lothian town, the café and restaurant business operates on the ground floor of the Tolbooth building which dates back to 1590 and is otherwise owned and maintained by East Lothian Council.
The Tolbooth is currently operated by Jonny Newton as a daytime café and evening bistro and is said to attract a good mix of locals and tourists.
The Restaurant Agency said the business operates on an “affordable leasing arrangement”, currently £9600 per annum, and has a premises licence and hot food consent.
Alan Goldie, director of the property firm, described The Tolbooth as a lifestyle business, which is “easily operated and profitable with a good level of local and tourist footfall throughout the year”.
“This is a rare opportunity to snap up a popular, simple café/restaurant which in the main operates 9am to 4pm most days with two evenings per week,” he said.
“Showing healthy net profits, the business is both affordable and ready to trade under its current branding or any new format.”
He added that it is “particularly well-suited to a first time operator” who is keen to run their own business.
Offers in the region of £55,000 are being sought; included in the price are the fixtures, fittings, goodwill and branding.

Share this SLTN article