Opportunity to purchase profitable restaurant & take-away in Stranraer
Specialist business property adviser, Christie & Co is delighted to bring to the market, Papa Rab’s Restaurant in Stranraer, Dumfries and Galloway.
Prominently located just off Stranraer’s main high street, Papa Rab’s comprises an open and spacious dining area for up to 80 guests, with its own bar and a bespoke wood-fired pizza oven, which has helped to grow takeaway sales. The restaurant hosts live music on the weekends, making it hugely popular amongst the locals in Stranraer and has been rated as one of the town’s top three restaurants on TripAdvisor. The venue also boasts a ‘GOLD’ rating from the local police stations 'Best Bar None' Scheme.
The restaurant has come up for sale as the current owner, Rab Wight has decided to retire. He comments, “Putting the restaurant and bar up for sale wasn’t an easy decision. In fact, it’s bittersweet as we had our best trading year to date last year, with this financial year looking to exceed that, by quite some way. However, after lifesaving surgery in the latter end of 2022, I feel it is time to slow down and hand over the business when the going is good, to someone that can build further on what we have achieved.”
Alistair Watt, Business Agent in Christie & Co’s Scottish Hospitality team who is handling the sale, adds, “This is an exceptional opportunity to acquire one of the most well-established and consistently performing restaurant-bars in Stranraer. Papa Rab's Restaurant experienced its best performing year to date in 2022 but unfortunately, health issues have made it increasingly difficult for the current owner to commit to such a business. The setting offers an ideal platform for a buyer looking to build on a successful business.”
Papa Rab’s Restaurant is on the market at offers in the region of £275,000 for the freehold going concern.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Manager
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Alistair Watt, Business Agent - Hospitality Scotland
M: 07764 241 475 or E: alistair.watt@christie.com
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