Thu, 11 Aug 2011 | BUSINESS SALE
The Scottish chain of restaurants under the Howies brand is being sold, with four restaurants in Edinburgh and one in Aberdeen being put on the market.
Entrepreneur Cameron McColl is offloading the business just four years after buying it from founder David Howie Scott in 2007, following a management buy-out worth £2 million. The branches are being sold as one lot for offers over £485,000 although bids for individual branches are being considered.
The chain first began as one outlet in St Leonard's Street, founded by Mr Scott. The success of that branch led to the opening of branches across the city and the establishment of an excellent reputation as a place to lunch in the Scottish capital.
It is thought that Mr McColl is looking to offload the business as he spends much of his time out of the UK and focusing on his enterprises in the technology and energy sector.
The Chairman of the Edinburgh Restaurateurs Association, Malcolm Duck, said the business was built on an excellent foundation, and had maintained its reputation since its first sale, making it a good prospect for a potential buyer.
"It is a well-known name, a good product and it is in good locations so I don't see why it can't be a brand that continues," he said. "It's a tough market but there are people looking at Edinburgh to come in. It's a hard place to be but if you do well you can do very well."
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
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.