Spanish & Mediterranean Restaurant

Edinburgh, Midlothian
REF: 03937

Asking Price:
£42,000
Annual Turnover:
£92,412
Annual Net Profit:
TBC
Recently Sold
REF: 03937
Photo of Spanish & Mediterranean Restaurant
Photo of Spanish & Mediterranean Restaurant
Photo of Spanish & Mediterranean Restaurant
Photo of Spanish & Mediterranean Restaurant

Overview

Tenure:
Leasehold
Established:
2001
  • Excellent Reputation
  • Huge growth potential
  • Wide Variety of Products & Services

This is a fantastic opportunity to acquire a successful and well-established Spanish and Mediterranean restaurant in a highly sought-after area in Edinburgh’s city centre.

Enjoying an excellent reputation for superb Andalucían-inspired dining and a uniquely welcoming ambiance, this eatery is a well-established venue on Edinburgh’s thriving restaurant scene.

Proud of its celebrated décor featuring traditional Spanish touches, such as decorative guitars, exposed stonework and family atmosphere, this award-winning restaurant boasts accolades from Trip Advisor and an I-On award for Food & Drink.

This business enjoys a prime location in one of Edinburgh’s most sought-after areas, based on Deanhaugh Street, the restaurant is within close proximity to Princess Street, the Old Town and Edinburgh Castle, ensuring that the Bistro enjoys excellent footfall and passing trade from both the thriving local community and also the multitudes of tourists that visit Edinburgh year-round.

Priding itself on a well-deserved reputation for serving excellent Andalucían-inspired cuisine, traditional Spanish ambiance and celebrated décor, it has grown to become a firm favourite on Edinburgh’s renowned restaurant scene. Winning a Trip Advisor award for excellence and an I-On award for Food & Drink cements the Bistro’s position as a local favourite. Unique for the cuisine and welcoming ambiance offered, the restaurant enjoys little direct competition and has a loyal, growing customer base.

Intelligent Business Transfer are pleased to offer to the market a rare opportunity to purchase an award-winning and popular Spanish and Mediterranean restaurant in one of Edinburgh’s most sought-after locations.

Positioned just moments from Princess Street, the Old Town and The Castle, the Bistro benefits from excellent passing trade and footfall, growing year-on-year to become a favourite on the renowned Edinburgh restaurant scene.

Opened in 2001, recent accounts show an annual turnover of £92,412.

The enviable city centre location and word-of-mouth recommendations from loyal customers ensures the restaurant has thrived. However, there are several ways that the business could increase profitability further. Currently, the business has refrained from any formal advertising and although there is a modern website, the business has no social media presence. We believe by developing on these avenues would help the Bistro attract new customers. There is scope for further expansion by increasing the opening hours to include lunchtime and Sunday trading, both profitable avenues which are currently not utilised.

This is an excellent opportunity for a new buyer either with existing restaurant experience, or an entrepreneur looking to capitalise on the strong foundations already in place.

Intelligent Business Transfer have been requested to find a suitable buyer.

Features

Online Presence

Location

Property

Annual Rent
£11,500
Annual Rates
£5,000
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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