Bistros for sale in Edinburgh

View the "Leith Edinburgh Bar & Restaurant Leasehold (ref. 986)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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John Peacock (Feb 2017)
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Leasehold Price: £150,000
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Business Description
Fantastic Edinburgh city centre opportunity. Currently CLOSED but latterly traded as a popular Bar, Restaurant & Coffee Bar situated on prominent trading location on Leith Walk. Net turnover to 31st December 2017 — £634,934. GIA approx. 2500 square feet over ground & basement levels.

Serrano & Manchego occupies a prominent trading location on Leith Walk. The business is approximately one mile from the city centre, situated on the corner of Leith Walk and Dalmeny Street. The property has a pavement license for 20 covers outside.

The business was acquired by our clients in 2014 and opened later in the year to significant acclaim. Although recently closed, the business was latterly fully run under management as our client does not reside within Scotland. From opening, turnover and profitability improved on a year on year basis.

Huge opportunity exists to acquire a profitable site occupying an extremely prominent trading location in an area which is going to become more prominent over the next few years.
Number of Employees: N/A - currently closed (October 2018)

Tenure: Leasehold

Location Details:
Serrano & Manchego occupies a prominent trading location on Leith Walk. The business is approximately one mile from the city centre, situated on the corner of Leith Walk and Dalmeny Street.

For decades Leith Walk has been one of the most important arterial routes in and out of the city centre and historically was the gateway from Edinburgh city centre to Edinburgh’s area Nowadays Leith Walk is a vibrant and eclectic mix of bars, restaurants, coffee shops and retail businesses as well as also being a hub for student accommodation.

The area is situated close to the east end of the city centre which is undergoing huge transformation with the construction of the St. James Quarter and New Waverley. Additionally, although at a tentative stage, the tram extension from York Place is due to begin works over the next couple of years. The proposed tram route will have a stop outside Serrano & Manchego.

Leasehold Term:
New FRI Lease, length negotiable. Rent £40,000 per annum.

Website:

Downloadable Documents

Listed by: Cornerstone Business Agents

Find out more about this business opportunity.

 
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986
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