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40-Cover Edinburgh City Centre Restaurant & Takeaway, Fully Refurbished, Excellent Potential

City of Edinburgh, Edinburgh

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    06/04/22

  • Advert ID

    293353

  • Leasehold: £160,000
  • Rent: £35,000
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Close to Local Amenities
  • Prime Location
  • Town Centre location
  • Small Business
  • Fully Fitted
  • Accounts Available
  • Offers Invited
  • High Turnover
  • Potential for Alternative Use
  • Attractive Business

Business Details

40 Cover City Centre Restaurant in great Condition

City restaurant for sale 

For sale is a 40 cover - Edinburgh city centre restaurant and takeaway. This restaurant has been running at this highly sought after location for over 40 years. 

The property has been completely refurbished to a very high standard. The full class three restaurant has excellent potential and can offer any type of cuisine. The restaurant is busy particularly with takeaway and delivery services due to its location. 

There is lots of student accommodation, pubs and nightclubs in the area. The premises have a late licence to open until 3 am.

The large double front premises are approximately 200m² and is 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 with a separate kitchen area, a storage area and an office.

The annual rent is £35,000 and the asking lease premium is £160,000 or your nearest offer. 

Get in touch for more information.

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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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