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Stunning 16 Year Established Family Run City Centre Restaurant. 13 year lease With Low Rent

City of Edinburgh, Edinburgh
Leasehold Price:
£165,000
Status
FOR SALE
Advert ID
259296
Reference
1491 / Rightbiz

Central Business Sales is delighted to offer to the market a stunning 28 cover Edinburgh city centre restaurant in a a highly desirable location. The restaurant has been run by the same family for 16 years and is only reluctantly being sold as the owner wishes to retire. The restaurant has an excellent reputation and benefits from a very low rent of £20,000 PA.

The 30 cover restaurant is in excellent condition and has full class 3 consent as well as an alcohol licence. The business has an annual turnover in excess of £600,000 and is highly profitable. The double front premises are approximately 60m², offering 28 covers inside with a further 12 outside. The main seating area is to the front with a fully equipped kitchen to the rear.

The restaurant benefits from a very high footfall due to its prime city centre location. It is busy throughout the year with local, passing and tourist trade. The business is being offered on a leasehold basis with 13 years left on the current lease. Rent is only £20,000 per annum. The restaurant is open 12-2.30pm and 5-10.30pm seven days a week.

This is a very rare opportunity to purchase a highly successful city centre restaurant with high turnover and profit levels, with a very low rent for the area. Early viewing highly recommended.

***PLEASE NOTE ALL VIEWINGS AND CONTACT MUST BE MADE THROUGH CENTRAL BUSINESS SALES - DO NOT MAKE A DIRECT APPROACH TO THE OWNER OF THE BUSINESS***


 

Listing Details
Leasehold Price: £165,000
Tenure: Leasehold
Location: City of Edinburgh, Edinburgh
Sector: Restaurants, Catering Businesses, Mobile Catering Businesses
Financials
Annual Turnover: £650,000
Annual Net Profit: £100,000
Key Features
  • High Turnover
  • Accounts Available
  • Close to Local Amenities
  • Established Business
  • Attractive Business
  • Retirement Sale
  • Adjacent to Multiple Retailers
Contact Agent
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Advert Reference: 1491 / Rightbiz

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