Restaurant and Bar for Sale in Old Town Edinburgh with Versatile Space for Events and Dining
City of Edinburgh, Edinburgh
- Status
SOLD
- Advert ID
638725
- Reference
17485 / Rightbiz
- Call Agent:
- Leasehold: £125,000
- Rent: £48,000 (£4,000 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Key Features
- Open Plan Trading Area
- Potential for Alternative Use
- Fully Fitted
- Town Centre location
Business Details
Restaurant + Bar Venue, Old Town Edinburgh long established location in City Centre
A rare opportunity to acquire a fully licensed opportunity in amongst the hustle and bustle of the Old Town and within easy reach of several of Edinburgh's most popular landmarks and eating and drinking circuits, the first time on the open market this century!
Merchants Restaurant Bar is located between George IV Bridge and the Grassmarket in Edinburgh just off Candlemaker Row (close to Greyfriars Bobby) and lends itself to a variety of opportunities given the size and nature of the business in question. Licensed and operating all on one level over c.166 sq m (nearly 1,800 sq ft) then it would work well within the hospitality sector as a venue for weddings, company events or tourist offerings alongside or more simply a popular restaurant and bar for any style of cuisine from Buffet to fine dining.
For further information and a sales flyer please contact Alan Goldie at The Restaurant Agency directly at [email protected] and we will send out details after asking one or two questions ourselves.
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This business has now been sold. We are currently awaiting final confirmation from the seller or their agent. Please check back soon for updates.
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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