This is a high quality, up market family friendly licensed restaurant with an excellent local following. The business is located at the top end of Lothian Road at its junction with Lauriston Place.
This is a busy commercial and retail area with many large offices nearby together with Novotel, Premier Inn and Best Western hotels which result in high levels of passing trade. It is also close to the Kings Theatre providing potential for pre-theatre catering.
The premises are equipped to a high standard and benefit from full Class 3 hot food consent and a license to sell alcohol from 11am to 7pm (11pm during Festival, at Xmas and New Year) daily so would suit a wide range of cuisines.
This is an easily managed business that would suit an owner manager or couple with limited staff.
This is an excellent opportunity for those looking for a popular well established restaurant with further growth potential.
In superb walk-in condition throughout with 40 covers inside and a bright sunny outside area for a further 20 covers.
Less than 5 minutes walk from Kings Theatre and Cameo Cinema.
Business, leasehold interest, fixtures & fittings for sale at offers over £120,000 plus stock at valuation.
7am - 7pm 7 days. 11pm During Festival, Xmas and New Year.
Number of Employees: Owner with 3 F/T and 3 P/T staff
The restaurant is a superb modern corner unit at the junction of Lothian Road and Lauriston Place. It benefits for an extensive 24m2 west facing outside area to the side with room for 20 covers.
Internally the property extends to 94m2 (993sqft) with room for 40 covers. It is particularly bright and airy due to large windows running down the length of both sides. The property has recently been extensively refurbished with a total re-wire, new boiler and central heating system.
The unit is open plan with a commercial kitchen to the rear together with ladies and gents toilets.
Leasehold. Rent £18,500 per annum. Current lease expires in 2021. Rateable value £17,700. The property is eligible for 25% small business rates relief.
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