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For Sale Sandwich Bar with Hot Food Take Away on a Leasehold Basis in prime Edinburgh location.

City of Edinburgh, Edinburgh
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For Sale - Sandwich Bar with Hot Food Take Away on a Leasehold Basis in prime Edinburgh location.For Sale - Sandwich Bar with Hot Food Take Away on a Leasehold Basis in prime Edinburgh location.
  • Status

    FOR SALE

  • Date Submitted:

    04/04/19

  • Advert ID

    240712

  • Leasehold: £57,500
  • Turnover: N/A £0 Per week
  • Net Profit: N/A

Business Details

The subjects occupy a prominent location, being an end-terraced ground floor unit of a four-storey tenement building. The property benefits from a predominantly glazed frontage with recessed entrance, bespoke signage above and fully automated electric security shutters.

Internally, the subject consists of a front sales area, housing refrigerated display sales counters, stainless steel multi configurational gastronorm unit, bespoke deli service and pick up and go refrigerated unit. The front shop has been configured to allow space for customer waiting and in the back, there is a well-equipped kitchen area with staff WC.

The subject property extends to 41.05 sq. M / 441 sq ft.

Crusts is a well established Sandwich bar with Hot Food Take Away, operating for over 15 years. Crusts operate limited trading hours, dealing with over the counter hot and cold food sales. This business offers a great opportunity for future growth and to diversify into the hospitality sector.

Crusts currently only trade Monday to Friday which is the owners choice but there is undoubtedly huge scope to take advantage of weekend and evening trade in addition to this with the "sandwich bar with hot food take away" status. They also choose to trade from 07.30 am to 14.30pm, however, there are no restrictions on trading later than this time, should the new owner please.

A new lease is available on full repairing and insuring terms for a minimum of 10 years and to be agreed, subject to five-yearly rent reviews.

Asking Price.

£57,500. This includes furniture, fixtures, fittings (all owned outright) and goodwill.

Financials available upon request.

Rent.

£14,000 per annum.

VAT.

VAT may be applicable.

Rates.

The subjects have a rateable value of £7,200 with the current occupier benefitting from 100% rates relief through the Small Buisness Bonus Scheme.

The ingoing occupier may benefit from 100% rates relief through the Small Business Bonus Scheme.

Legal Costs.

Each party is to be responsible for their own legal costs incurred in the transaction.

EPC.

The subjects have a rating of G.

Viewing.

All contact and viewings must be made through the sole agent - with no direct contact to be made to the owner.

 

 

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Key Features

Particulars / More Information

Contact the seller for more details, or book a viewing

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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.

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