Immaculate Bar Opportunity with Huge Potential in Trendy Morningside, Edinburgh
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
02/05/24
- Advert ID
610733
- Reference
1526 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Rent: £60,769
- Turnover: On request
- Net Profit: On request
Business Details
Superb and immaculately presented bar opportunity in Morningside, Edinburgh (ref 1526)
Superb and immaculately presented bar opportunity. Outstanding trading location in the heart of Morningside. Great locale and sought after trading location. Superbly presented business – walk in condition. Attractive Bar area (40 covers) & separate dining space (20 covers). Immaculately presented with many original features. Ideal for a partnership team or chef operator. Good mix of food and wet sales. Commercial kitchen and service areas. A well preserved and authentic pub.
LEASEHOLD Guide price £65,000.
The Hermitage occupies a commanding and well known trading location in the very heart of Morningside. The pub’s immediately distinctive location on Comiston Road allows for huge visibility and recognition. This prominent location in Morningside is one of the most popular and affluent areas in Scotland’s capital and is home to a wide range of independent retail outlets, cafes, pubs, and restaurants as well as some national companies such as Waitrose and Marks & Spencer.
The area is well served by public transport with the city centre reachable by bus in approximately 15 minutes or on foot within a 40 minute leisurely walk. Edinburgh city by-pass is located further to the south with Morningside Road being one of the busiest thoroughfares connecting it with the city centre.
The immediate neighbourhood has some of the most desirable residential streets and addresses within the city, helping to make sure popular bars and restaurants like The Hermitage continue to benefit from local discretionary spend.
The significant “kerb appeal” of the business and high visibility also brings in passing trade.
The Hermitage has been in our clients hands since 2014 during which time the business has been skilfully owned and run by our clients. It is strongly felt this is an excellent opportunity for a skilful food operator to take advantage of a business in first class walk in condition. Any purchaser taking on the business will realise immediately this is a well patronised bar & restaurant with huge potential to expand turnover and profitability further.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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