Family-Run Hot Food Takeaway in Edinburgh Since 1993 - Ample Growth Opportunity with Expanded Hours
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
24/05/23
- Advert ID
513709
- Reference
1811 / Rightbiz
- Call Agent:
- Leasehold: £24,995
- Rent: £12,000
- Turnover: N/A
- Net Profit: On request
Key Features
- Prime Location
- Retirement Sale
- Fully Fitted
- Price Reduced
- Established Business
- Potential for Alternative Use
Business Details
Well Established Full Class 3 Hot Food Takeaway Established 1993 Family Run Large Potential
Central Business Sales is delighted to offer to the market a full class3 hot food takeaway established in 1993 and has been run by the same family since it first opened and is only being placed on the market as they now wish to retire. The takeaway is located in the Willowbrea area of Edinburgh with Holyrood Park and Arthurs seat nearby. Early viewing is highly recommended.
The business is currently run as a very successful Chinese takeaway but a new owner may wish to change the style of food as the premises has a full class 3 hot food takeaway licence. The takeaway menu is available for takeaway and delivery. The current owners have not advertised the business and is currently only open four days a week. A new owner could easily increase the turnover by extending the opening hours and advertising the business on a local level.
The single front unit is approximately 80 square metres and is in very good condition. There is a serving counter to the front with a large fully fitted kitchen to the rear. There is a full Chinese cooking system, fryers, commercial oven, full extraction system, fridges and freezers all of which are included in the sale. There is also a full length basement that is ideal for storage. The kitchen is a fully open plan kitchen.
The business is being sold on a leasehold basis. There are 9 years left on the current lease with rent £12,000 per annum. The business also benefits from 100% small business rates relief.
***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***
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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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