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Well presented Restaurant premises located in Tollcross area of Edinburgh (ref 1391)

City of Edinburgh, Edinburgh
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Well presented Restaurant premises located in Tollcross area of Edinburgh (ref 1391)Well presented Restaurant premises located in Tollcross area of Edinburgh (ref 1391)Well presented Restaurant premises located in Tollcross area of Edinburgh (ref 1391)Well presented Restaurant premises located in Tollcross area of Edinburgh (ref 1391)Well presented Restaurant premises located in Tollcross area of Edinburgh (ref 1391)Well presented Restaurant premises located in Tollcross area of Edinburgh (ref 1391)Well presented Restaurant premises located in Tollcross area of Edinburgh (ref 1391)
  • Leasehold: £18,750
  • Rent: £18,750
  • Turnover: On request
  • Net Profit: On request

Business Details

PRICE STATED IS ANNUAL RENT PAYABLE. LEASEHOLD PREMIUM - OFFERS INVITED.

36-42 cover restaurant space.  Excellent trading location close to the Meadows area and financial district.  Walk-in condition – would suit a variety of international cuisines.  Bib Gourmand MICHELIN guide recommended restaurant.  Rent - £18,750 per annum.  GIA – 870 sq ft. 

Leasehold premium- offers invited for the leasehold interest in the premises, goodwill of the business and all fixtures & fittings pertaining thereto.

Passorn enjoys a prominent trading location in the Tollcross/Meadows area of Edinburgh on Brougham Place. This is a very prominent trading location close to Lothian Road, the financial centre of Edinburgh, as well as being close to the affluent neighbourhoods of Bruntsfield and Morningside. 

Internal décor is kept up to date to a quality standard with fixtures & fittings that would transfer easily with a minimum of capital expenditure to a variety of international cuisines or trading styles. 

The restaurant space is currently laid out for 36 covers and well spaced in a generous fashion, with the potential to easily accommodate 42 covers. 

Passorn has been a popular and well recognised name in Edinburgh’s culinary scene since 2009. 

Passorn is hugely recognised as an extremely popular, well regarded, multiple award-winning restaurant.  It has been “Bib Gourmand” Michelin selected for several years running under the careful ownership of our clients and is “Highly Recommended” in “Scotland the Best” 

Although trading very well, the restaurant, currently only operates for five and a half days a week. There is, undoubtedly, scope to trade for seven days a week in this area and, thus, substantially increase turnover. 

In its current format it is strongly felt that the size, scope and location of the operation would lend itself to a variety of different international cuisines. 

Interior décor and the property have been extremely well looked after by our clients allowing new owners to benefit from small capital expenditure to completely redesign and renovate from an already high end internal fit-out. 

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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. Rest 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.

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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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