A historic Scottish town restaurant is up for sale, offering a great opportunity for potential buyers. The 54-cover premises are available on a leasehold basis, but the landlord is open to considering a freehold sale option as well. The restaurant, located in Falkirk, is described as “prominent” and occupies a corner position at the junction of Manor Street and Bank Street on the A803.
The premises extend over ground and first floors of a two-storey terrace building and are fully fitted and equipped, ready for reopening with limited investment. The commercial kitchen is spacious and modern, making it suitable for various types of cuisine. Falkirk is known as an important business center in central Scotland, with excellent communication links to Glasgow and Edinburgh via the M9 and M876 motorways.
The leasehold for the restaurant is available at a rent of £25,000 per year, while the freehold option is priced at £300,000. The location of the restaurant on the periphery of the town center offers visibility and accessibility to potential customers. Falkirk also boasts a rich history, including Roman relics, adding to the charm of the town.
In other news, a well-known company in Aberdeen, Bon Accord Glass, has undergone a management buyout by four members of its team. Michelle Kinghorn, Danielle McAnespie, Ian McDonald, and Neil Wilson have taken over the business from the previous leaders, Colin Kinghorn and Martin Allan. The buyout marks a new chapter for the company as it celebrates its 50th year in business. The deal reflects a successful transition of leadership within the company, ensuring continuity and growth for the future.
On the financial front, Chancellor Rachel Reeves has delivered the first Labour Budget in 14 years, bringing clarity and certainty after weeks of speculation. The Budget includes record tax increases of £40 billion and increased borrowing of £127 billion for the tax year. Changes to minimum wage, fuel duty, and increased spending for public services are among the highlights of the Budget. It’s a time for individuals to review their financial plans and adjust to the new tax policies and economic measures introduced in the Budget.
