Restaurant Business for Sale in High-Traffic Area of Edinburgh, Fully-Equipped and Versatile
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
20/12/23
- Advert ID
604169
- Reference
1626 / Rightbiz
- Call Agent:
- Leasehold: £43,500
- Rent: £14,000
- Turnover: On request
- Net Profit: On request
Business Details
An excellent restaurant opportunity in sought after trading locale in Edinburgh. (ref 1626)
An immaculate licensed opportunity. Premises licence and class 3 consent. Sought after trading location in Bruntsfield/Tollcross area. Attractive rental level. Fully equipped to a very high standard. Ideal opportunity for hands on operator. 35 covers. Well equipped kitchen and service areas. Rateable value £16,800. Passing rent £14,000 per annum. Offered in turnkey/walk in condition. Suitable for a variety of different trading styles. GIA 85.13 sq. metres.
LEASEHOLD Premium £43,500.
Thai Inn enjoys a prominent trading location close to The Kings Theatre, Cameo Cinema as well as the Meadows. The business is located just north of Tollcross and Lothian Road on the southerly outskirts of Bruntsfield. The immediate vicinity provides an excellent mix of retail and quality restaurants, bars & Cafes. Occupiers close by Include, Kora (Tom Kitchin), Hendersons, Patron Saint as well as Bennetts Bar.
The area also provides a mix of a bustling student population, young professionals as well as some of the most expensive residential streets in Edinburgh.
Gillespie Place offers an excellent roadside frontage and a high footfall trading location to serve the local community and for passing trade.
Our client has traded the business successfully and has recently pivoted the food offering to a more profitable cuisine offering. Our client purchased the premises as a steak restaurant but they have successfully transformed the business into a Thai restaurant. Our clients run the premises with family and staff currently trading 6 days per week with only evening offering. Our clients advises average turnover is circa 5k per week.
It is strongly felt the premises would continue well as a Thai restaurant but given the class 3 usage, the site would suit a variety of trading styles.
The property is available on a leasehold basis. We are offering an assignation of the current lease. We are advised that the current lease is until 2029. Current rent is £14,000 per annum.
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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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