Abbotsford Lodge Has Been Sold Thanks to Bruce & Co.
25th February 2020
This desirable Bed and Breakfast in Callander, Perth and Kinross is now under new ownership.
Abbotsford Lodge has been under the professional ownership of the previous vendors since 2015. Since this time, the business has received a great deal of care, undergoing sympathetic renovation and redevelopment projects.
The business has traded consistently, greatly benefitting from regular and repeat custom, and establishing an outstanding reputation in the local area. It is renowned in the local area for providing excellent customer service.
Abbotsford Lodge has provided a significant income for the previous vendors, and also a substantial and luxurious home, superbly presented throughout.
The vendors gained a lot of enjoyment and fulfilment operating this welcoming and warm guest house. They decided it was now time to move on to their next chapter, having achieved a great deal of success with their comprehensive business.
They ultimately decided to approach the brokerage team at Bruce & Co, and the brokers were eager to bring this business opportunity to market.
Once the business was brought to market, it received 4 viewings and 1 generous offer. The business was acquired by a professional corporate purchaser.
The buyer already owns 2 similar businesses, and they seized this opportunity to acquire 3rd setting to increase their presence within the sector.
Abbotsford Lodge’s idyllic rural location was what ultimately influenced the buyer’s decision to acquire this setting.
The vendor commented;
“I would like to extend my sincere thanks to Bruce and Co, and specifically Sophie Jakeman, for the support she has provided during the entire sales process. Sophie has worked hard to expedite the sale, chasing lenders and solicitors on both sides to ensure we maintained a level of visibility at all times. Thanks Sophie, although we never met, it was a pleasure working with you.”
The buyer commented;
“My experience with Sophie from Bruce & co has all been good, I will recommend to friends and family looking for businesses to purchase.”
Lead Negotiator Sophie Jakeman commented;
“The sale did go past a couple of suggested dates for completion, but I am so happy for our clients to have reached completion.”