Restaurant/cafe for sale in Raeburn Place, Edinburgh EH4, £199,500

199,500.00

Offer Nr.:
64870256
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Cornerstone Business Agents
Phone(s):
0131 268 8358

Popular and busy Subway franchise. Enviable trading location in Stockbridge.
Fitted out to most recent upgrade requirements. Net sales to 31/07/22 -
£335, 445. Subway has traded from this site over 19 years. Full support and
training offered by franchise. Annual Rent - £13, 000 plus VAT.
Leasehold Guide Price - £199, 500.
This popular Subway sandwich shop trades from a prominent north facing
location on Raeburn Place which is the main thoroughfare running through the
highly desirable Edinburgh suburb of Stockbridge.
The area is very popular with a wide and varied selection of restaurants,
bars, cafes and quality retail businesses situated along the main street and
the roads leading off. Stockbridge enjoys an enviable reputation within the
city as one of the outstanding locations to trade from, very popular with
smaller independent businesses along with some major retailers.
Stockbridge is one of the most affluent suburbs of the city and has a vibrant
village like quality yet only being a casual 10 - minute walk to Edinburgh city
centre.
This is an excellent opportunity to take on a very well presented and well - run
Subway franchise located in the heart of the hugely popular Edinburgh suburb
of Stockbridge. This unit has been refurbished recently and is right up to
date in terms of the franchise requirements with quality fixtures and fittings
throughout. There has been a Subway franchise operating from here since 2004,
our client took over the business in 2018 and since then no expense has been
spared in transforming it to how it looks today, genuinely in walk in
condition for the buyer.
The customer area has booth seating and freestanding tables and chairs for
customers looking to eat in. The current owner chooses to trade just
9. 00am - 6. 00pm on a daily basis, there is definite scope to extend these
trading hours if desired.
The current lease will expire in 2034 with break options and rent reviews in
2024 and 2029. The current annual rent is £13, 000 plus VAT.

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