Restaurants for sale in Edinburgh City

View the "Large Edinburgh Café/Restaurant (ref. 1271)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Large Edinburgh Café/Restaurant (ref. 1271)

Edinburgh City, Scotland

  • Leasehold Price: £75,000  Price Reduced arrow_drop_down
Seller Reference: 1271
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 1271
Request Details
Business Description
PRICE FURTHER REDUCED

Large 85 cover Café/Restaurant. Excellent trading location close to Art College, Grassmarket, Lothian Road & Office/Financial District. Opportunity for evening opening. Owned by our client since 2011. Rent £26,000 p.a. Full class 3 cooking consent.

The business has been run by our clients for the last 7 years in tandem with two other Café Truvas in Edinburgh city centre. Our client trades successfully from the Shore area as well as the Royal Mile. Our client has made the decision to offer for sale the lease on the Lady Lawson Street site.

It is strongly felt that as the business is run under management and our client operates two additional businesses the opportunity would certainly hold huge appeal for a partnership, a husband & wife team or those looking to run the business on a hands-on basis. At present, the business is run under management with a core 3 members of staff.

Our client is also under-trading the business in terms of opening hours and it is strongly felt, given the recent popularity of the area, that the business would benefit from all day opening. Our client trades from 8.00am to 6.00pm but there is huge prospective demand for an evening restaurant trade.

At present the business trades as a very successful Coffee Shop/Takeaway and sit-in Restaurant during the day. Our client offers a comprehensive menu from breakfast to lunches ranging from traditional breakfast favourites to more authentic Mediterranean dishes for lunchtime.
Tenure:
Leasehold
Location Details:
The business has been run by our clients for the last 8 years in tandem with two other Café Truvas in Edinburgh city centre. Our client trades successfully from the Shore area as well as the Royal Mile. Our client has made the decision to offer for sale the lease on the Lady Lawson Street site.
Leasehold Term:
The business is held on a leasehold basis with 18 years left of the current 25 year lease. The current rent is £26,000 per annum.
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