The business is located in a prime position on one of the City's popular tourist and retail destinations, Rose Street. A truly rare opportunity to acquire a fully licenced food and drink operation with strong footfall, a pavement licence and the pedestrianised area outside has been recently (Autumn 2019) renewed. With a neighbouring Travelodge and bars and restaurants the length of Rose St (runs parallel to Princes Street) it is a thriving eating and drinking circuit.
Enjoying a 12 metre frontage and seating inside of up to 60. The business enjoys healthy trading levels the business has operated successfully within the last decade as The Rosehip with turnover levels approaching £1m mark (takings wise) p.a. Recent works on the street have dampened down turnover but with the work complete the business is operating strongly once again.
Presently open Wednesday-Sunday each week the business operates with a full premises licence until 1am. Lease wise the current lease runs to 2024 and our clients understand the landlords will consider an extension to the existing term. After a recent rent review the rent has agreed in principle at £60k per annum (previously £55k per annum until 2024.
The business is being sold as a going concern and for further details click through here or visit our website www.therestaurantagency.com and register.
Off Season 5 days per week
On Season 7 days per week
Prime Retail/Licensed Pedestrianised Trading Location, Rose Street
Currently to 2024 with 10 year extension and written agreement to 2034