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Popular Italian Restaurant, Edinburgh City Centre (ref. 1322)

City of Edinburgh, Edinburgh
Leasehold Price:
£55,000
Status
FOR SALE
Advert ID
258267
Reference
1322 / Rightbiz

28-yr old vintage Italian Restaurant in prime city centre location catering for up to 75 covers (NIA c153 sq. m). Full Premises Licence/Class 3 Consent.  Residue of 15-year lease/passing rent £49,000 p.a.  Corner site with strong visibility.  EPC energy rating – G.

First time in nearly 30 years to operate from this popular City Centre site.  A strong trading location adjacent to the HSBC bank on Hanover Street and sitting in a highly visible corner location, fronting on to Hanover Street and with side entrance also on to Thistle Street.

The business has been operated by our clients since 1990 and is an out and out traditional Italian family run restaurant and is one of the few remaining Italian owned and operated businesses in Edinburgh. 

With an unashamedly good Pizza and Pasta offering the business has enjoyed a long-standing relationship with the Edinburgh citizens and tourists alike, consistent in its offering, its welcome and of course its standard of cuisine.

Its central location has been a driver for business and it offers the opportunity for either an existing or new Italian operator to take over the reputation, re-invest and move to another trading level or for a new operator to take full advantage of the trading location with a new venture and prominent positioning of their brand on one of Edinburgh’s most popular dining locations in the city centre. 

Currently trading  5 days from 12noon til 2:00pm then 5:00pm til 10:30pm although it should be noted that the Premises licence allows for 7 day opening from 12 noon to 1am daily.

Leasehold. The current lease operates on the residue of a lease term to 21 January 2029 with a passing rent of £49,000 per annum.  It should be noted that prospective tenants will be asked to prepare information for landlord consent and approval process at time of any offer and we will ask prior to viewing for the detail you will be able to provide.  It would be advisable if this was to include CV/background, details of business currently or previously owned and other relevant information including trade, accountant and landlord references.

Listing Details
Leasehold Price: £55,000
Tenure: Leasehold
Location: City of Edinburgh, Edinburgh
Sector: Pizza Delivery Businesses, Bistros, Restaurants
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Prime Location
  • Close to Local Amenities
  • Established Business
  • Fully Fitted
  • Accounts Available
  • Town Centre location
  • Adjacent to Multiple Retailers
Contact Agent
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Advert Reference: 1322 / Rightbiz

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