Restaurant for sale in Morningside Edinburgh with a 10-year lease available
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Advert ID
656428
- Reference
1830 / Rightbiz
- Call Agent:
- Leasehold: £75,000
- Rent: £35,473 (£2,956 per month)
- Turnover: On request
- Profit: On request
Business Details
A prominent corner sited restaurant in sought after locale in Edinburgh (ref 1830)
Gratitude occupies a prominent trading location on the corner of Morningside Road and Church Hill in the heart of Morningside, Edinburgh. This highly visible restaurant is in arguably one of the best trading locations in the Bruntsfield & Morningside area. The situation allows full visibility on a bustling road in the midst of one of the most sought after residential and commercial areas.
This location is approximately a mile and a half from Edinburgh’s city centre on the ‘south side’ with easy access to the Edinburgh by-pass network as well as the city centre itself. Situated amongst a great residential neighbourhood in the heart of Morningside close to the Grange, Bruntsfield, Merchiston and the Colinton areas of Scotland’s capital city.
The business has been run by our clients since 2020. The business has been run as a family concern performing very strongly and consistently over the last six years. Turnover has performed at an impressive level and although trading as a Thai restaurant the premises would also certainly lend itself to several international cuisines.
The availability of Gratitude represents an excellent opportunity for a motivated purchaser to acquire a well performing and highly visible restaurant premises located in one of the most sought-after areas of Edinburgh.
The business is offered for sale with the residue of a 10-year lease which commenced in 2020.
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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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