Hilton Smythe are delighted to bring to the market an opportunity to acquire a thriving and long-standing sandwich bar and hot food take away with an enviable reputation, within the Gorgie area of Edinburgh.
The Rite Bite has been trading for some 25 years and has been under ownership of our client for the last 2 years. It is only now that the business is on the open market for sale as our client looks to take retirement.
The business prides itself on freshly cooked fayre and has an extensive menu to include, soups, hot and cold filled rolls with a selection of fillings, paninis, chips, burgers, baked potatoes, substantial all-day breakfasts, cold beverages, tea’s and coffee’s, all of which can be ordered online for delivery.
There is plenty of scope to further increase turnover by perhaps undertaking expansion of the events catering side of the business for private parties, functions and potential corporate clients. Late-night opening for 2 nights a week could also be considered.
The business is well established, immaculately presented and has a great reputation so will appeal to a wide range of potential buyers. Early viewing is highly recommended.
The Rite Bite hot food take away and sandwich bar occupies an immaculately presented ground floor retail premises on the busy Gorgie Road area of Edinburgh.
The business is surrounded by a wealth of complimentary shops and businesses and greatly benefits from being situated right next to the main road, resulting in a consistent high level of footfall and passing trade. The Gorgie Road area of Edinburgh is a thriving mixture of residential and commercial property along with, bars, restaurants, shops and a great selection of local amenities; all within easy reach of the city centre using local transport links. This makes the location of the business exceptionally attractive to potential purchasers.
Edinburgh is the capital city of Scotland. The city has long been known as a centre of education with 4 universities. The city's historical and cultural attractions have also made it the second most popular tourist destination in the United Kingdom after London, attracting over one million overseas visitors each year.
The Rite Bite is set in a double fronted retail unit and has undergone a substantial programme of refurbishment to make a bright and welcoming premise, that is in an excellent general condition throughout and briefly comprises:
Bright well-presented seating area for 8 covers.
Service counter with chilled display.
Further fitted counter space with various chilled storage.
Electronic till point.
Well fitted out commercial kitchen to the rear of the premises with ample food preparation areas, rear storage and WC.
Access to rear yard area.
Chilled drinks cabinet
4 x built in fridges
2 x freezers
2 x fryers
3 x Bain-Maries
The premises are well signed and highly visible.
We are advised the tenure is of a Leasehold basis.
Original 15-year lease.
13 years remain, as of 2017.
Rent £500 per month.
The business operates the following hours:
Monday to Thursday: 07:30 – 14:30
Friday: 07:30 – 14:00
Saturday: 08:00 – 14:00
Sunday: 10:00 – 14:00
The business is run and managed by the current owner and 1-part time and 1 full time member of staff, along with 2 drivers.
The business reports a turnover in the region of £95,000 per annum.