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Restaurant/bar Opportunity, Edinburgh (ref. 1209) For Sale

Edinburgh, Edinburgh City, UK
Asking Price:
£50,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Stylish café/bar adjacent to EICC. Refurbished early 2017 to a high standard. 60 cover restaurant/cocktail bar. Full premises licence. Annual rent £32,000 p.a. Currently closed.

Operated by our clients since May 2017, Ishka is well positioned for all day trading and quietly took over the reins of brasserie Les Amis who had been operating for 2 years prior.

Currently an appealing Mediterranean offering with 2 and 3 course lunches for £15/£19.50 respectively and evening meals offering seafood, vegetarian dishes, game and meat dishes. Added to this, cocktails and champagne it remains a popular establishment with a positive social media presence.

Moving forward this will appeal in particular to an independent chef/operator who wants to work in a contemporary environment and can trade straight away without the need for any significant capital expenditure. It would lend itself in particular to a bar/ charcuterie style operation and its trading location is now established with a strong customer base.

The business has a total seating capacity of up to 60 covers. The trading area (in total circa 85 sq. M/914 sq. Ft.) is in effect split in two with a prominent cocktail bar (marbled topped) and seating with drink display and servery occupying a third of the trading space and remainder set for dining.

The business benefits from a full premises licence 7 day a week to 1:00 AM.

The business operates on the residue of a lease which runs from May 2017 to 2027. We understand the current landlord is flexible in terms of a lease extension to any approved new tenant and passing rent is £32,000 per annum.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

The business operates on the residue of a lease which runs from May 2017 to 2027. We understand the current landlord is flexible in terms of a lease extension to any approved new tenant and passing rent is £32,000 per annum.

Leasehold Rent:

£32,000 per annum

Location:

The business is positioned on the South side of Morrison Street directly opposite the entrance to the EICC. Immersed in amongst a large business district circled by Festival Square to the North, Port Hamilton to the East and the Exchange to the South, the commercial customer demographic is both large and local. Morrison Street with its connection to Haymarket Train Station means the business is encountered regularly on the daily office commute.

Premises Details:

Occupying ground floor and basement of a 4 storey (+ basement) tenement style stone built property the business enjoys a large double frontage with centralised doorway.

Size in square feet:
914

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