Upscale Restaurant & Bar in Edinburgh City Centre near Popular Attractions, 30-80 Covers, Rare Opportunity!
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
16/06/22
- Advert ID
297105
- Reference
1469 / Rightbiz
- Call Agent:
- Leasehold: £29,500
- Rent: £40,000
- Turnover: On request
- Net Profit: On request
Key Features
- Established Business
- Prime Location
- Close to Local Amenities
- Town Centre location
- Attractive Business
- Fully Fitted
Business Details
A High Quality Restaurant & Bar site in Edinburgh City Centre. (ref 1469)
Exceptional trading location in Edinburgh’s New Town close to Harvey Nichols, Playhouse Theatre, Broughton Street & the new St. James Centre. Strong yearly turnover. Ground floor Gin Bar (30 covers). Authentic & traditional restaurant space (50 –80 covers) oozing character. Only the second owners in the last 33 years. Would suit a variety of international cuisines and trading styles.
LEASEHOLD Offers in the region of £29,500.
Stac Polly enjoys a tremendous trading location in the heart of the New Town situated on the corner of Dublin Street and Albany Street. Stac Polly has been a popular fixture on this corner for the last 30 years and during which time has attracted a significant reputation as a high quality bar and restaurant.
The location is very well situated to serve passing trade and is well tagged as a popular destination restaurant at present enjoying significant repeat business from some of the larger hotels in the central Edinburgh area. The business enjoys a tremendous trading location close to Queen Street, George Street as well as the tram terminus at York Place. In addition, the business is also situated close to the new St James shopping centre development, this large scale development and immediate area has arguably anchored and shifted the city centre around the St James Quarter.
This is a wonderful opportunity to acquire a substantial restaurant premises located in a highly attractive city centre trading location. The business has been in our clients capable hands for the last 5 years, previous to that the business was under the same ownership for 28 years. The restaurant is operated by our client plus the assistance of a full and part time members of staff.
Stac Polly has been somewhat of an Edinburgh dining institution over the years utilising the best of local produce from Scotland’s Larder. It is felt the business would be equally suited to a continuation of name and trading style or indeed providing the size and scope for a full rebrand and change of trading style.
The business is held on a leasehold basis with a current annual rental of £40,000 per annum. Details of the lease will be made available to seriously interested parties after a formal viewing. Rateable value £41,600.
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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. 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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