Prime Edinburgh Bistro for Sale Near Newhaven Harbour with High-Quality Kitchen and 20 Covers
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Advert ID
626444
- Reference
1724 / Rightbiz
- Call Agent:
- Leasehold: £25,000
- Rent: £21,600 (£1,800 per month)
- Turnover: On request
- Net Profit: On request
Business Details
Very Well Presented Bistro Opposite Newhaven Harbour, Edinburgh (ref 1724)
Highly regarded bistro. 20 covers in intimate setting. Located overlooking Newhaven Harbour. Wonderful reputation with outstanding reviews. High quality commercial kitchen. Scope to adapt or continue existing business. Annual rent £21,600.
LEASEHOLD Guide Price £25,000.
The property is situated on Pier Place in the heart of the desirable Newhaven area of Edinburgh, just 2 miles north of Edinburgh city centre. Overlooking the harbour and close to the last tram stop on the line, the business benefits from significant levels of passing trade, both pedestrian and vehicular. The area has seen significant residential development over recent years, making it a popular area to stay as well as attracting visitors and tourists.
The Harbour Bistro is a stylish eating place which offers a wonderful dining experience with great value for money. Our clients have built up an exceptional reputation since opening the business which can be seen with online reviews and the levels of repeat custom. Seating a comfortable 20 covers, with potential for some outdoor seating, the location opposite Newhaven Harbour adds a great feel to what is on offer. Our clients choose to trade just 4 or 5 days per week, there is certainly scope to extend these opening hours to take advantage of this busy part of the city.
The property is offered on a new 5 year lease at a rent of £1,800 per month (£21,600 per annum). There is a deposit currently held by the landlord of £4,500. A guide price of £25,000 is sought for the leasehold interest in the property and all fixtures & fittings pertaining thereto. (The current owner has a selection of artwork and a model ship which is NOT included in the sale).
The premises benefit from a Premises Licence under the Licensing (Scotland) Act 2005.
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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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