The subjects comprise retail premises which are arranged over the ground floor of a four storey and basement traditional stone built mid terraced tenement property. The upper floors are in residential use.
Internally, the property is arranged to provide the sales/seating area to the front with kitchen and staff wc to the rear. The service area comprises a cold refrigeration display unit together with juice fridges and coffee machine. There is customer seating provided.
The kitchen to the rear is spacious and is fitted with modern stainless worktops and equipement to include two ovens and a hot plate. Completing the accommodation is a staff w/c.
The entire premises is modern, fresh and presented to a high standard.
Location
Situated within a traditional parade of retail units, the subjects are located on the Southern side of Slateford Road close to its junctions with Hermand Crescent and Hermand Street.
Slateford Road is situated in the Slateford area of Edinburgh, a short distance from Dalry and Merchiston, approximately 2 miles Southeast of the city centre. Neighbouring properties include Free Wheelin Cycles and Entire IT Solutions.
Accommodation
We would summarise the accommodation as undernoted:-
Front Sales/Seating - 21.29 sq m (229 sq ft)
Kitchen - 15.44 sq m (166 sq ft)
W/C and Cloakroom - 3.86 sq m (42 sq ft)
Terms
THE BUSINESS - Our client has operated the business for over six years, having built up a good relationship with customers throughout this period. Our client is now reluctantly looking to sell due to moving. Income is generated predominantly from takeaway sales with an element of sit in sales. The expansive menu includes items such as soup, sandwiches, panini’s, burgers and hot meals such as macaroni and cheese. Our client freshly prepares all food daily on the premises.
Outside and event catering is also available with items including sandwich & wrap platters and cold meat selections.
Our client operates the business hands on with part time assistance from two staff members with opening hours being Monday to Friday 7.30 am to 2 pm, Saturday 8.30 am to 12.30 pm and closed on Sunday. There is demand for extended opening but our client operates these hours due to family commitments.
Financial documentation will be provided to interested parties only after viewing and confirmation of interest.
Sales for the year ended 5 April 2017 were £XXX and the year ended 5 April 2016 were £XXX
TRADE INVENTORY - The asking price includes the trade inventory which, we are advised is owned outright and is not subject to any lease purchase, hire contract or similar finance arrangement.
RATES - Reference to the Assessor’s website has shown that the subjects are entered in the current Valuation Roll at a Rateable Value of £XXX Under the Small Business Bonus Scheme the property would benefit from 100% rates exemption.
TENURE - Leasehold. The subjects are held on the basis of a License to Occupy Agreement on full repairing and insuring terms on a rolling yearly basis. The landlord has confirmed that a new 5 year lease will be available at £XXX per annum.
As would be expected, the incoming tenant will be required to demonstrate their ability to fulfil their obligations under the License to Occupy, in particular financial obligations, and references will be requested at an early stage, without exception.
PRICE - Offers in the region of £XXX are sought for our clients leasehold interest to include goodwill, fixtures and fittings, with stock available over and above at valuation.
Specification
- Well presented sandwich takeaway with seating area
- Excellent reputation and loyal customer base
- Located on busy main thoroughfare
- EPC Rating G