Restaurant for sale

38 South Street - PH2

£119,995

Property Description

Commercial information

  • Business for sale

Key features

  • TURNOVER IN EXCESS OF £750k
  • Well Established
  • 2 restaurants and takeaway

Full description

Tenure: Leasehold

Description
Pig Halle and Duo is an extremely well run business that was established by the vendor since 2011. The business benefits from having two separate themes, each with its own entrance and clientele. Pig Halle was founded by the vendors in 2011 and offers traditional French cooking in a Parisian style bistro. Duo is located to the rear of Pig Halle and also benefits from its own entrance off Princes Street. Duo is a Mediterranean style café and delicatessen. Duo was founded in 2013 and offers both sit in and take away food. The business has been placed on the market due to the current proprietor’s wish to relocate. The business trades throughout the year and benefits a loyal base of regular clientele. The business is extremely busy offering breakfast, lunch and dinner service, with a reputation as one of Perth’s finest eateries. Additional marketing is carried out through its own informative website www.pighalle.co.uk.

Situation
Perth is a city in central Scotland, located on the banks of the River Tay. It is the administrative centre of Perth and Kinross council area and the historic county town of Perthshire. The business occupies a prominent position on the corner of South Street and Princess in the heart of the city. The business is surrounded by professional offices and residential properties.

Building Internal
The Property is an end terraced corner lock up over the ground floor. The main entrance is from the front which in turn leads to all public and private areas. On entering from the front you are welcomed by a stunning dining area. The restaurant was has been fully refurbished and is now presented in true walk in condition. The dining room has seating for 45 persons and is extremely well furnished with wooden tables and cushioned chairs. To the left of the dining room you will find a service bar. The bar area is used purely to service the restaurant. To the rear of the restaurant, located behind the server bar you will find the kitchen of the restaurant. The kitchen is fully equipped including and is presented is excellent working order.

DUO
Duo can be accessed via corridor off the main dining room of Pig Halle. The main entrance is from Princes Street. The entrance leads into a well presented delicatessen counter directly in front of you. To the rear of the counter you will find a traditional wood burning pizza oven. To the left of the deli counter you will find a seating area for 26 persons. The dining area is well presented and tastefully decorated and furnished with wooden tables and chairs. To the rear there is a second kitchen, serving both businesses. This kitchen is utilized as a pastry kitchen and desert preparation area for both businesses. This kitchen further benefits from a walk in chill. Ladies and gents Facilities are well located off the public areas.

Business
Pig Halle operates 7 days per week offering lunch service from 12:00 - 15:00 and dinner service from 17:30 - 21:30 ( 22:00 Fri/Sat). The business offers a wide range of French style cuisine, offering both a lunch and A La Carte menu. The lunch menu is changed monthly, and the A La Carte if changed twice yearly.

Duo operates 7 days per week open from 0930-2130
The business offers a wide range of delicatessen fare, including home made breads, filled baguettes, pastries, wine along with wood fired pizza and pasta dishes. The business offers both sit in and take away and also trades with a full licence. Duo also benefits from a full CCTV system and EPOS till system.


Building External
The front of the property sits straight to street, with ample on street parking.

Services
The property has mains water, drainage, gas and electricity.

Tenure
The property is held on the Scottish equivalent of leasehold. The current lease is a 10 year FRI lease which commenced 2009 with an option to extend for a further 10 years. The annual rental is £22,000.

Licence
The business trades with the benefit of a full licence and conforms to all fire regulations.

Accounts
Accounts are available on request after a formal viewing has taken place.

Summary
The sale of Pig Halle and Duo offers a rare opportunity to purchase a superb restaurant which is trading well but with potential for expansion of the business. It benefits from its central location.

Price
Offers Over £119,995 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 314 0660.


Nearest station

  • Perth (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Perth (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 44129. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Bruce & Co. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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