Aynetree Guest House Has Been Successfully Sold
28th February 2020
This exceptional Guest House in Edinburgh is now under new ownership, thanks to Bruce & Co.
Aynetree Guest House was established 12 years ago by the previous vendors. During this time, the business has benefitted from their careful direction and experienced approach to the hospitality sector. The Guest House also capitalises on its prime location in Edinburgh, attracting a great number of clients, both nationally and internationally.
Beautifully appointed, both inside and out. Over the last 12 years of ownership, the business has undergone a series of renovations, preserving its characterful charm. Aynetree Guest House features 6 letting rooms, with 5 en suite facilities. The business has traded consistently, greatly benefitting from repeat custom, and establishing an outstanding reputation in the local area. It is renowned in the local area for providing luxurious and comfortable accommodation at fair prices.
The vendors gained almost infinite enjoyment and fulfilment operating this welcoming and warm guest house. They decided that they had worked hard over the years, and now it was now time to enjoy their retirement, wishing to have more time to spend with their grandchildren.
They ultimately decided to approach the brokerage team at Bruce & Co, and the brokers were eager to bring this business opportunity to market. Once on the market, it received a substantial 42 viewings. After 3 offers, the business was purchased by an experienced investor.
The buyer was drawn to the business’ idyllic location, and they aim to continue to run the Guest House to its established high standard.
The vendor commented;
“Mike was the negotiator dealing with the sale of our business, he kept us in the look as much as he could and was dedicated to finding us a buyer and making sure the deal went ahead. He handled the sale very professionally and even discussed the sale with us outside of working times. I can’t thank Mike enough, and would be happy to recommend him to anyone who wants to sell their business with complete trust”
Lead Negotiator Mike Firoozi commented;
“The Aynetree Guest House had been on the market before it came to us. I was glad I was able to guide our clients to a completion and help them free up some time to spend with their grandchildren.”