Reduced Price £120,000: Beautiful 40-Cover Restaurant for Sale in Edinburgh City Centre
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
11/08/21
- Advert ID
280958
- Reference
1630 / Rightbiz
- Call Agent:
- Leasehold: £120,000
- Rent: £35,000
- Turnover: N/A
- Net Profit: On request
Key Features
- Accounts Available
- High Turnover
- Established Business
- Prime Location
- Fully Fitted
- Price Reduced
- Attractive Business
Business Details
40 Cover Edinburgh City Centre Restaurant in Stunning Condition REDUCED PRICE £120,000
Central Business Sales is delighted to offer to the market a stunning 40 cover Edinburgh city centre restaurant and takeaway. There has been a restaurant running from this highly sought after location for over 40 years. The present owner has totally refurbished the property to a very high standard. Located in Bread Street.
The full class 3 restaurant has excellent potential and can offer any type of cuisine. The restaurant is very busy, particularly with the takeaway and delivery service due to its location. There is lots of student accommodation in the area as well as many pubs and nightclubs. The premises have a late licence and can open until 3am.
The large double front premises are approximately 200m² and are in stunning condition. There is an outdoor seating area to the front leading into the main dining space. There is a takeaway area to the front. The good sized fully equipped kitchen lies to the rear. There is also a large basement that has a separate kitchen area and a storage area.
The business is being offered to the market on a leasehold basis with 8 years left on the current lease and rent at £35,000 per annum. Business rates of c. £9,000 per annum are payable.
***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 OR ANY STAFF MEMBERS***
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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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