Prime Location City Centre Cafe in Edinburgh with Expansion Opportunity
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
07/04/24
- Advert ID
609371
- Reference
1839 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Established Business
- Accounts Available
- Fully Fitted
- New Lease
- Prime Location
Business Details
City Centre Cafe in Excellent Condition
Central Business Sales is delighted to offer to the market a very successful well established and profitable city centre cafe. The cafe has been trading from the same location on Elm Row in the centre of Edinburgh with the current owner having run the business for the last 8 years. Due to the excellent location the cafe benefits from a loyal local trade as well as a very high daily passing trade.
The cafe is currently run as an Italian style cafe but a new owner can change the menu to suit any type of cuisine. The cafe currently offers a freshly prepared menu for sit in and takeaway. There is a large potential to expand the business with extended opening hours and offering a delivery service. The area also benefits from an extremely high footfall in August during the Edinburgh Festival. The cafe also has a licence for outside seating.
The single front entrance leads into the main seating area with up to 20 covers. There is a large fully equipped kitchen to the rear. The is also a large full length basement that is ideal for storage. All equipment, fixtures and fittings are included in the sale.
The business is being offered on a leasehold basis with a brand new 10 year lease. The rent is £13,000 per annum and the business 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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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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