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Large Edinburgh Café/Restaurant (Ref. 1271) For Sale

Edinburgh, Edinburgh City, UK
Asking Price:
£75,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Further reduced price

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.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

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.

Leasehold Rent:

£26,000 per annum

Location:

Café Truva occupies a prime trading location on Lady Lawson Street, directly across from Edinburgh Art College. The business is also situated close to the Grassmarket, Lothian Road as well as the financial services district of Edinburgh.

Premises Details:

The business occupies 3 former shop sites forming the address 46-52 Lady Lawson Street. The restaurant occupies the basement of a traditional Edinburgh tenement property. Main access is via an entrance vestibule at the southern end of the property leading into the café/restaurant area.

Business Operation

Reasons for selling:

Other business interests.

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