30-Year Restaurant Business for Sale, New Town Edinburgh, 70-Seater with Bar
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
24/10/23
- Advert ID
601603
- Reference
1615 / Rightbiz
- Call Agent:
- Leasehold: Price on Application
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Currently Closed
Business Details
Excellent restaurant operation in superb New Town trading location. (ref 1615)
Brand new lease on offer from Landlord. 70 covers depending on configuration. Currently Closed. Main dining areas with bar (35). Two basement dining areas (24 - 30) & (15). Full class 3 consent & premises licence. GIA 167.07 sq.m. Rent deposit required (15 year lease). RV £29,400. Ideal opportunity for chef-patron. NEEDS KITCHEN AND INTERNAL FITOUT.
LEASEHOLD - KEY MONEY OFFERS INVITED.
RENTAL OFFERS INVITED.
The Subjects are located in Eyre Place, a charming New Town street situated close to Dundas Street, Stockbridge and Canonmills. Princes Street and George Street are an approximate 10-minute walk from the restaurant, the centre of Stockbridge lying a similar distance to the west.
The area around Eyre Place houses many local employers including Royal London Insurance, Standard Life as well as the Tanfield office blocks. The area is also close to the Botanic Gardens, the Water of Leith and the vibrant Broughton Street area with its closeness to the Playhouse Theatre and the St. James development.
The restaurant occupies a prominent trading location on Eyre Place known to many in residence and visitors alike as a popular restaurant space for the last three decades. At the rear of the restaurant, one of the largest developments in Central Edinburgh is underway. The New Town Quarter is a mixed use residential and office development that will bring many families, professionals and businesses into the area.
A restaurant has traded from this site for well over 30 years and has undergone several transitions over the years, the site has always proved to be popular given the high-quality trading area and demographics on the doorstep. Some of the wealthiest and most exclusive streets in Edinburgh are a mere stone’s throw away in terms of radius. Given the location and previous trading history the business would suit a wide variety of trading styles and cuisines.
The business is offered for lease on a new lease basis. Our clients are happy to offer a 15 year lease.
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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.
Be safe, use a Rightbiz Solicitor
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