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Busy Restaurant In Prominent Location, Tapas Ducal, 6-8 Nethertown Broad Street, Dunfermline, KY12 7DS

not specified / Leisure / Restaurants / Cafes

For Sale - £175,000.00

Available - Last updated: 23 September 2022

The subject comprised an open and inviting ground floor restaurant which forms part of a larger detached three story building. The restaurant can accommodate 45 covers with additional covered outdoor seating to the rear which has capacity for a further 30 covers.

A well fitted kitchen to the rear of the property allows for a smooth and efficient service with patrons toilets. The restaurant benefits from ample public parking nearby.

Location

Dunfermline is one of Fife’s principal commercial centres with a population in excess of 50,000 persons and a catchment area estimated to be in the region of 150,000 people. The town is located in a key area within Fife, a few miles north of the ‘Queensferry Crossing’ and Forth Rail Bridge and in close proximity to the M90 motorway.

The subjects benefit from a highly visible location on Nethertown Broad Street. This is a busy road through the centre of Dunfermline but still within walking distance of both the train and bus station, as well as the High Street.

Accommodation

THE BUSINESS: The business is reluctantly being brought to the market as a result of retirement.

It has been lovingly been owned and operated by the vendor for over 19 years with this creating an enviable reputation in the local market.  Tapas Ducal specialises in Spanish tapas style dinning being the only authentic such offering within the town.

In recent years the business has been operated to suit the needs of the vendor and there is excellent scope for a new team to build apron the current business.

Accounts for the business shows turnover regular exceeding £200,000 per annum, producing a healthy EBITDA. Accounts for the business will be shown to serious interested parties following a formal viewing.

Terms

PRICE - Offers in the region £175,000 are invited for the goodwill, fixtures and fittings of the business and the freehold interest of the commercial property.

ASSESSMENT - We have consulted the Scottish Assessor’s website (www.saa.gov.uk) and note that the premises are entered in the current Valuation Roll as follows:-

Rateable Value: £14,450

VAT - All figures quoted are exclusive of VAT if applicable.

ENTRY - Upon completion of legal arrangements.

ENERGY PERFORMANCE RATING - The property has the following EPC rating: G (105)

LEGAL FEES - Each party will be responsible for paying their own legal costs incurred in this transaction. 

Specification

  • A great opportunity to acquire a busy restaurant in Dunfermline
  • Long established business in good trading position.
  • Offers in the region £175,000 are invited.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region For Sale Freehold £175,000.00 NA

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Business Sales Advisory Team

DM Hall

0131 610 0865



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