Fully Refurbished Bar and Restaurant in Prime Edinburgh City Centre Location for Sale
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
02/06/21
- Advert ID
277493
- Reference
1596 / Rightbiz
- Call Agent:
- Leasehold: £45,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Accounts Available
- Town Centre location
- Prime Location
- Free of Tie Leasehold
- Established Business
- Fully Fitted
- Adjacent to Multiple Retailers
- Attractive Business
Business Details
Stunning City Centre Bar and Restaurant in Highly Sought After Location
Central Business Sales is delighted to offer to the market a stunning fully refurbished Edinburgh city centre bar and restaurant. The fully equipped restaurant is located on South Bridge - a very sought after area of Edinburgh due to its extremely high footfall with tourists and local residents alike. The National Museum of Scotland is also just yards away.
The business operates as a busy bar and restaurant, with a modern European style menu, with a focus on fresh, seasonal produce. Known for its cocktails, the bar has a welcoming atmosphere and its modern interiors are particularly inviting.
The large corner premises are in stunning condition, spread over 2 floors. The main entrance leads into the bar and seating area with several modern style booths. There is a large bar area located in the middle of the premises. A private seating area lies to the rear and there is a large seated area in the basement, both of which are ideal for private functions. The kitchen is good sized and comes fully equipped, with all equipment, fixtures and fittings included in the sale.
The business is being offered on a leasehold basis with 5 years left on the current lease and an extension available. Current rent is £60,000 per annum but is under review. The bar has a 1am licence with an automatic 3am licence during the festival.
***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***
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Listing Statistics
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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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