New reduced price Business for sale - leasehold property
This wonderful business is located on the north side of Morrison Street on an established retail parade just a short distance from Lothian Road and opposite the junction with Semple Street. Morrison Street is a very busy thoroughfare both for vehicular traffic and footfall and runs from Lothian Road all the way to Haymarket.
Our client created this business in 2012, spotting the requirement for a good quality café/coffee shop in this thriving part of Edinburgh. They have reluctantly placed the business on the market to allow the owner to retire and allow the new owner to continue taking the business from strength to strength.
Pronto currently only trades 5 days per week which is the owners choice—there is undoubtedly huge scope to take advantage of weekend and evening trade in addition to this. They also choose to trade from 7.00am to 4.00pm—there are no restrictions on trading later than this time should the new owner please.
A new Lease is available with an initial rent of £37,000 per annum on a full repairing and insuring basis for a term to be agreed.
Note: Internal size has been estimated. Interested parties will require to satisfy themselves as to the actual square footage of the premises.
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.