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Exceptional Scottish Town Centre Restaurant with Growth Potential for Sale

Kirkcaldy, Fife
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An outstanding town centre restaurant (ref 1648) Photo 1
An outstanding town centre restaurant (ref 1648) Photo 2
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An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)An outstanding town centre restaurant (ref 1648)
  • Leasehold: £60,000
  • or
  • Freehold: £350,000
  • Rent: £40,000
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Price Reduced

Business Details

An outstanding town centre restaurant (ref 1648)

*** PRICE REDUCED ***

Same owners for the last 27 years. Retirement sale. For Sale/May Let. Premises licence and class 3 consent. “A Kirkcaldy Institution”. Well known and well regarded restaurant.  Currently trading impressively, with huge scope for expansion. 130 covers. Fully licensed outdoor area. Outstanding opportunity for hands on operators. Internal GIA 430.61 sq. metres. Rateable Value £31,000. Would suit a variety of different international cuisines.

FREEHOLD Guide price £350,000.

LEASEHOLD Premium £60,000. Rent £40,000pa.

 

The town of Kirkcaldy is situated on the southern shores of the Firth of Forth looking across the Firth towards the city of Edinburgh, some 35 minutes drive away. The town has a population of nearly 50,000 people making it one of the largest towns in the Kingdom of Fife.

A short drive along the coast from Kirkcaldy takes you to the East Neuk of Fife known for its picturesque villages and harbours making Kirkcaldy an ideal base for tourists to explore the Kingdom of Fife which itself is famous for its numerous golf courses.

Pane E Vino enjoys a prominent trading location in the heart of the town centre, just to the north of the pedestrianised high street. This is an excellent trading location to serve the local community as well as to capture passing trade.

The restaurant is substantial and can accommodate 130 covers over several seating areas. There is a superbly equipped commercial kitchen, nearly running the full length of the restaurant. The kitchen is impressively equipped with a full kitchen range and separate pizza making area.

The business has an area to the front that can be utilised as car parking for 6 vehicles or is fully licensed for external covers. There is plenty of off street car parking in and around this central area in Kirkcaldy.

Pane E Vino is a Kirkcaldy institution. This much loved restaurant business has served Kirkcaldy and wider Fife area for over 27 years. The restaurant has a large, loyal following from several generations of families and regulars. Our clients have decided to retire and hand over this popular restaurant to ideally new, younger and enthusiastic owners.

The business continues to perform impressively from 7 day opening but it is strongly felt new owners will be able harness the obvious further potential the business shows. Increasing revenue with a more sophisticated handle on social media as well as aggressively pushing the takeaway side of the business.

Although trading as a successful Italian offering, the property and the business could lend itself to a wide variety of international cuisines and offerings.

The business is offered for sale on a freehold basis. Our clients would also consider the sale of the business on a new lease basis (10-15 years).

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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.

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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.

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