Sat, 14 Sep 2013 | BUSINESS SALE
The only pub on the Scottish island of Colonsay is up for sale after the laird of the island confirmed that he is looking to move the business on.
Laird Alex Howard has co-owned the business with three friends for eight years after he saved the pub from closure. However, he has now told locals that he's looking to sell the establishment. The business has a price tag of £545,000.
'The Colonsay' is the only pub on the island. Its nearest competitor is in Oban, a two-hour ferry trip away.
The island community is small at around 120 people and discussions are currently underway to see if the inhabitants can group together and buy the pub. David Johnston, chairman of the island steering group, spoke to The Scotsman: “We have formed a committee under the auspices of the island development company to look at the possibility of putting together a bid. It’s at a very early stage at the moment – we are just looking at the possibility.”
He added that it will be “some time” before the group knows if it is in any position to make a bid.
The laird's wife, Jane Howard, told the paper that the pair are “completely supportive” of selling the business to the community, but added that the pub would also be a good opportunity for a couple to take over and run.
The pub plays an important part of the island's tourism-based economy, providing walkers and other visitors with a welcome resting point, as well as offering locals a focal point to their community.
___________________________________________________________________________
Related information:
Pub sale scuppered by last minute decision
Orchid pub chain up for sale
An esteemed Indian restaurant and bar in the UK is seeking new ownership, featuring a robust dining and takeaway operation accessible via multiple digital platforms like online reservations, mobile app, and Deliveroo.
This long-established specialist refrigeration and catering company in Southwest England offers a unique chance to acquire a business with over 23 years of trading history and strong relationships with blue-chip clients.
Discover a lucrative opportunity with Freehold Marine Services, boasting an established reputation in specialist marine solutions.
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.