Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

High Profile Trading Location On Portobello High Street For Sale

Portobello, Edinburgh City, UK
Asking Price:
£65,000
Turnover:
Available on request
Net Profit:
Available on request

High profile trading location on Portobello High Street. Licensed bistro and coffee shop (Public House Licence). Class 3 cooking permission and premises license. 40/50 covers. Full commercial kitchen. Rates exempt. Historic turnover in excess of £300,000. Excellent opportunity for motivated operator. 5 years left on current lease (option to extend). Business is currently closed (December 2021).

Leasehold

Guide price £65,000 + Fixtures and fitting.

Rent £12,000 per annum.

Portobello is often referred to “Edinburgh by the sea” or “Edinburgh’s seaside.” The town is a popular residential and commuter town in its own right lying to east of Edinburgh city centre. Over the last five years or so the town has grown in terms of popularity and the high street has witnessed the arrival of new shops, cafés and bistro’s that reflect some of the new residential incomers moving into the area. The subject has a prominent trading location towards the southern (Joppa) end of the High Street.

A huge opportunity exists for a motivated operator to acquire a prominently located licensed premises in one of the most up and coming trading locations in the greater Edinburgh area. Portobello High Street, represents a much sought after trading location. The Skylark traded profitably from the site for the last 10 years. Our clients reluctantly closed the business in December 2021 due to personal and family commitment. The business is ready to re-open with the minimum amount of capital spend.

The opportunity is offered for sale on a leasehold basis. We are advised there are 5 years left on the current lease. We are further advised that the landlord will consider offering an additional 10 year term for new tenants. The current passing rent is £12,000 per annum. This will be subject to landlord consent.

Property Information

Property:

Leasehold

Lease Terms:

The opportunity is offered for sale on a leasehold basis. We are advised there are 5 years left on the current lease. We are further advised that the landlord will consider offering an additional 10 year term for new tenants. The current passing rent is £12,000 per annum. This will be subject to landlord consent.

Leasehold Rent:

£12,000 per annum

Location:

High profile trading location on Portobello High Street. The town is a popular residential and commuter town in its own right lying to east of Edinburgh city centre. Over the last five years or so the town has grown in terms of popularity and the high street has witnessed the arrival of new shops, cafés and bistro’s that reflect some of the new residential incomers moving into the area. The subject has a prominent trading location towards the southern (Joppa) end of the High Street.

Premises Details:

The subjects are a mid-terrace property arranged over ground floor and basement. Internal details briefly comprise: an open plan trading area on ground floor to accommodate 30/40 covers. In addition the ground floor boasts a bar counter and open kitchen. The basement is accessed via a stair at the left hand side of the ground floor and consists of a prep kitchen, store, beer cellar, ladies and gents toilets as well as two additional stores.

Business Operation

Reasons for selling:

Our clients reluctantly closed the business in December 2021 due to personal and family commitment. The business is ready to re-open with the minimum amount of capital spend.

Years established:
The Skylark traded profitably from the site for the last 10 years.

Other Information

Related Documents:

Contact Cornerstone Business Sales and Valuations

  1. This email address is already registered. Log in to continue.
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

  2. What will happen?

    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you enquired on to finance specialists Bluebox Finance. They will contact you about financing your business purchase.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that BusinessesForSale.com will send the above details to Cornerstone Business Sales and Valuations. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business