St Andrews B&B sold to a corporate buyer

A well-established business providing bed and breakfast accommodation based in Ayrshire has been sold by Bruce & Co.

St Andrews has been under the ownership of our clients for 11 years and during which time they have carried out substantial refurbishments throughout the entire property to a very high standard.

The business has developed a strong reputation within the local community and enjoys regular repeat custom. The property is well-presented and boasts a spacious two-bedroom owners’ accommodation.

The owners reluctantly brought the market to sale to implement their wish to retire, and Bruce & Co were instructed in finding a suitable buyer.

Utilising our expertise combined with our marketing campaign, the business received significant levels of interest, including 15 viewings, and was sold to a corporate buyer.

Upon completion of the sale, the vendor said: “It has been a long process in selling but we found an excellent buyer for the business.

“I am happy with the service and sale achieved, and I would recommend Bruce & Co for any business owner looking to sell.”

The buyer said: “I had a positive experience with my sales negotiator, Lauren Lees. She quickly built up a good rapport and the experience became positive from there onwards.

“I would also like to thank Lauren Lees for her assistance in completing the deal.”

Sales Negotiator Lauren Lees said: “Really pleased to have sold the business for our vendors, we knew they were very keen to move on with their lives and start a new chapter.

“It appears we found the perfect buyers for them, there were no major hiccups along the way and settlement was achieved within the buyers timeframe.”