Beautifully presented café bar. Full class 3 and 10pm alcohol license. 30 interior and 12 exterior covers. Prominent location on Portobello High Street. Currently just utilised as daytime operation. Scope to develop/adapt existing business. Rent £16,200 per annum.
LEASEHOLD Guide price £65,000 plus stock at valuation.
The business is situated on Portobello High Street, not far from the beachfront in the north-east Edinburgh suburb of Portobello. Portobello is fondly known as “Edinburgh by the Sea” and was formerly a town in its own right and located within a three-mile drive of Edinburgh city centre. Portobello offers excellent access to the Edinburgh city bypass as well as the A1 south.
Passey’s sits on the busy High Street, which has a wide and varied range of retail and licensed businesses, with the surrounding area being a densely populated residential area that has seen significant development over recent years.
Passey’s has been a familiar and very popular venue in Portobello since opening in 2020. With its great trading location on the High Street, just up from ‘Portobello Prom’, it enjoys heavy footfall, especially during the summer months. Portobello, over recent years, has become as popular as ever, with many operators looking to get a site in the area and join the many successful businesses that are already in situ.
With 30 covers internally and 12 outside, it is a lovely size of operation, not requiring excessive staff numbers. The current owner chooses to operate only from 9.00am-5.00pm; there is undoubtedly scope to extend this to 10.00pm with a bistro-style menu. (License in place for 10.00pm opening.).
The business is operated by the owner along with an assistant manager and 2 further members of staff.
The subjects are held on the basis of a FRI lease, and the annual rental is £16,200; the lease expires in 2035. A rental deposit will be required.
