Renovated Bar/Restaurant with Expansion Potential in Edinburgh's West End for Lease
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
24/04/24
- Advert ID
610323
- Reference
1655 / Rightbiz
- Call Agent:
- Leasehold: £35,000
- Rent: £36,000
- Turnover: On request
- Net Profit: On request
Business Details
A well presented free of tie Bar Restaurant in Edinburghs West End. (ref 1655)
*Photographs are historic and only to be used as a guide*
High quality bar/restaurant opportunity. Prominent West End location. 10 year lease signed in 2021.Free of trade tie. Premises licence & Class 3 consent. Rent £36,000 per annum. Licensed 7 days per week. Premises are fully licensed from 9 am – 1 am. Huge expansion potential for new owners. Fully renovated in 2022. Business ceased trading in April 2024.
LEASEHOLD Premium £35,000.
These premises are located on Melville Place in the heart of Edinburgh’s West End, a short stroll from Cairngorm Coffee, West Rooms and underneath Boom Barbers. The subjects occupy the basement of a traditional Edinburgh Victorian tenement property with access by stairs from street level.
Edinburgh’s West End is still a hive of eclectic bars and restaurant located close to the popular office areas of Melville Place, Atholl Crescent as well as the financial services district. In addition, the West End is also close to Princes Street, Lothian Road and Shandwick Place which has a diverse licensed and leisure offering from breakfast time to late into the small hours of the morning.
The bar is to the centre of the premises with access to the galley kitchen behind. Our clients have spent liberally to create an inviting and well-presented modern bar/ restaurant that would suit a number of different style and cuisines.
The property has a premises licence and Class 3 consent.
The property is available on a leasehold basis. This will be the assignation of the current 10-year lease signed in 2021. The current rent is £36,000. The lease is free of trade tie.
The availability of this bar and restaurant premises on Melville Place provides an excellent opportunity for a motivated purchaser to acquire a high profile bar and restaurant located in the heart of Edinburgh’s West End.
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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.
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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.
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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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