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Balloch business seeks new owner

EW owners are being sought for a Dunbartonshire bar and restaurant for the first time in more than 40 years. Cornerstone Business Agents is marketing The Roundabout Inn and Stables Restaurant in Balloch, near Loch Lomond, on behalf of Archie Hagan and his family, who have owned the business since 1969.

Venue for sale after 40 years under same ownership N

The business has been continually developed to meet clients’ expectations and demands.

The property consists of a large open- plan area housing a lounge bar with separate raised area, and a 40-cover bistro restaurant space. There’s also a function room, with a separate entrance, which can accommodate 100 guests.

A price of £95,000 is being sought for the leasehold, however the vendor will consider selling the freehold, including three terraced houses at the back of the business. Cornerstone director Gordon Mair, who is handling the sale, said the outlet has established a strong reputation. “The business is one of the best known licensed venues in the area and is very popular with locals for both lunches and evening meals,” he said.

The Roundabout Inn and Stables Restaurant has been owned by the same family for more than 40 years. It has a lounge bar, restaurant and function room.

“Having operated the business for over 40 years, the owner Archie Hagan has continually developed the business to meet clients’ expectations and demands, ensuring the business flourishes.

“The function suite is very popular for small functions, such as anniversary parties, birthday parties and funeral teas.

“The business currently employs eight

full-time staff, including a manager, and, although it has its own website, much of the trade is repeat custom or recommendation.”

Will you set sail for Leith restaurant?

A LONG-established restaurant in Leith is on the market on a lease or for sale basis.

Skippers occupies a corner position on Dock Place close to a host of other bars and restaurants, including Martin Wishart and The Kitchin.

The main restaurant has a bar

area, and additional seating and the kitchen are contained in a modern extension. There’s also a “sizeable” basement, which is used for storage. Graham & Sibbald’s Blair Morrison said Skippers is “extremely well known”. “We believe this would be a very attractive opportunity to both experienced operators and first time buyers looking to start out within the food and beverage industry,” he said.

42 - SLTN - February 17, 2011 Castle Venlaw Hotel has 12 bedrooms.

Will you be the new king of the castle?

A BORDERS hotel is back on the market at a reduced asking price.

Castle Venlaw Hotel in Peebles was initially put up for sale last year following the collapse of parent company PAG Hotels in June. It’s now back on the market, being sold by PAG Hotels’ administrators Blair Nimmo and David Costley-Wood of KPMG, with a price tag of offers over £695,000.

Said to date from 1742, the

baronial-style property has traded as a hotel since the middle of last century. The hotel has 12 letting

bedrooms along with a bar, restaurant and the Adam Room, which can be used for meetings, private dinners and other events. It’s said to attract a mix of business and leisure guests due to its proximity to both Edinburgh and the Borders countryside.

Alistair Letham, a director with selling agent Colliers International, said the hotel is currently operated by a management company on behalf of the administrators, and all existing and forward bookings are being honoured. “Castle Venlaw Hotel is a well- established leisure destination, which has proved popular with a cross-section of customers, including exclusive use of the hotel for events such as weddings,” he said. “In addition, the hotel’s

proximity to Edinburgh attracts a good mix of commercial custom.

“In the past the hotel has traded at very good levels of turnover and profitability, and with new owners the hotel could be an excellent and profitable business.”

Skippers occupies a corner position on Leith’s Dock Place, close to a number of bars and restaurants.

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