Successful Cafe In Edinburgh Near Botanic Gardens For Sale

Business description

BUSINESS IS NOW UNDER OFFER.



Quality cafe for sale (assignation of lease).
Trading for two years, from scratch to a thriving local community hub.
Serving quality foods and with an increasing reputation for great coffees and teas.

Would suit couple, or individual.
Run by owner with three very experienced part-time employees.
Has been profitable throughout, and remains so even with the owner no longer working "hands-on".
Owner has other new business commitments and a baby on the way so wishes the business to go to new, keen, owners.
You could walk into this business and have it running the same day.

Potential for outside catering, use of back room for meetings, funeral teas etc.

Premises have Class 1 cooking permissions, and tables and chairs street licence.

Turnover in 2011 - £72000, High gross profit. Net profit was £26000

Landlord is willing to negotiate a new lease for 10 to 15 years, or maintain current lease with 3 years remaining. Rent is currently £1000 per month. No rates payable on this property as it is under the threshold (if it is your only business). Landlord will require a bank reference, proof of address and 2 other references.

NOTE- Due to the high level of responses, please ask specific questions when you contact us - we'll not respond to the generic "Please send more details". Thank you.

Property information

Property:

Leasehold

Lease terms:

3 years left on current lease, or landlord willing to negotiate 10-15 year lease with new owners.

Leasehold rent:

£12,000 per annum

Location:

Main thoroughfare near Botanic Gardens, Edinburgh

Premises details:

Double fronted unit in row of shops surrounded by residential properties.

Other information

Expansion potential:

Opening hours can be increased, evening meal and full cooking potential once planning permission gained.

Competition / Market:

.

Support & training:

Training could be provided, either by owner or by current staff.

Reasons for selling:

Other business interests and new family.

Trading hours:

Mon-Sun 9-4

Website:

www.cafemontagu.com