Charming Class 3 Ramen Restaurant/Takeaway near Edinburgh University for Sale
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
18/01/24
- Advert ID
605277
- Reference
1632 / Rightbiz
- Call Agent:
- Leasehold: £39,000
- Rent: £11,000
- Turnover: On request
- Net Profit: On request
Business Details
A compact and well presented class 3 offering. (ref 1632)
A superb opportunity for a hands on buyer. Full class 3 consent. Currently trading as a ramen restaurant/takeaway. Excellent trading location just off Nicolson/South Clerk Street. 4 covers. Full Kitchen with extraction. Toilet and service area. No rates payable. Attractive current rent of £15,000 per annum. 19.44sq metres. Excellent bolt on business/or hands on opportunity. Trading well under management but with room to improve. TO BE SOLD ON A DEBRANDED BASIS.
LEASEHOLD £39,000.
The premises are located on West Crosscauseway a street linking Nicolson & South Clerk Street to Buccleuch Street. This is a vibrant trading location very popular with students and lying in the shadows of Edinburgh University’s teaching buildings.
The business is situated a few steps off Nicolson Street in a very busy part of Edinburgh’s Southside. Nicolson Street is one of the main streets leading south from Princes Street to Cameron Toll through Newington.
The Festival Theatre and the Queens Hall are also a short stroll from the property.
Popular locations in Edinburgh such as Princes Street, Meadows, Grassmarket, Arthurs Seat and Holyrood Park are all located within 15 minutes’ walk from the property.
There is a wide range of complimentary catering, retail and hospitality businesses in this part of the city as well as a wide demographic of residential dwellings both privately owned and student accommodation.
Our clients have owned and operated the site for the last 5 years. Our clients are choosing to offload this particular asset in terms of strategic transformation of their business. The business will be sold on a debranded basis.
The opportunity should be of particular interest to buyers looking to establish and acquire a well performing business is one of the best trading areas of Edinburgh. At present the business trades at average gross turnover of circa 5k per week.
The premises are very compact and cater for 4 covers. Internally, the main bulk of the unit is devoted to a well put together commercial Kitchen.
The property has class 3 consent.
This opportunity would be a superb bolt on business for operators or a great hands-on business for a partnership team.
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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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