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Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.

City of Edinburgh, Edinburgh
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Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian. Photo 4
Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian. Photo 5
Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian. Photo 6
Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian. Photo 7
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Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.Class 3 hot food high volume delivery unit to let Suitable for Chinese, Thai, Indian, Italian.
  • Status

    FOR SALE

  • Date Submitted:

    26/05/22

  • Advert ID

    296015

  • Leasehold: £25,000
  • Rent: £18,000
  • Turnover: N/A £0 Per week
  • Net Profit: N/A

Business Details

Former Indian Restaurant available with new lease suitable for Indian, chinese, Italian, Thai or any class three hot food.

This is a high volume delivery unit and a great opportunity for coach parties in and out of the city as it is located on the main route into/out of Edinburgh from the borders and England.

A further benefit of it's main road location is increased visibility and self promotion. Bill boards to the side of restaurant face incoming traffic and are suitable for further promotion. On a main bus route.

Situated in the heart of one of Edinburgh's most affluent areas. An additional new housing estate of 60 homes is being built next door to the restaurant.

Offers around £25,000 for a 20 year lease, £18,000 per annum rent quarterly in advance, £5000 deposit. The deposit payment can be spread over first 2-3 years.

There is a one month rent free period to allow for preparation for opening such as refit, decoration, leaflet drops and organising online sales. There is room for negotiation if there is to be a kitchen refit. There is free parking locally.

Little competition has seen previous tenants go from not being able to pay a gas bill to going on holidays, driving luxury cars, buying there own homes, and opening a new high end restaurant with beautiful fit out. Books from 2016 show turnover declared to tax man around £4,500 per week. Similar turnover today would likely be around 5,500 per week or more. This is a conservative estimate. The previous tenants were young boys who were inexperienced and would be easily bettered.

You are welcome to make an offer. No tyre kickers please. We are an Italian family with multiple restaurant lets.

 

Incoming tenant to pay legals.

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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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