This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Restaurant for sale

16 Buckstone Terrace - EH10

Under Offer £30,000

Property Description

Commercial information

  • Business for sale

Key features

  • Leasehold
  • Long established cafe
  • Well presented
  • Excellent first business opportunity

Full description

Tenure: Leasehold

Description
Teatopia is a well ran and busy business which has been run by the current proprietor since February 2016.The business is now well established and has built up a reputation for being one of the town’s best places to enjoy a light meal or lunch with friends. The business is being sold due to the current vendors ongoing health issues.

Tearopia has built up an excellent reputation for traditional café fare.

The vendors currently operate the business six days per week open from 0830-1700 Monday to Saturday.

The Café offers an excellent selection of breakfast fare, light snacks, soup and sandwich platters, lunches, baked potatoes, hot meals, and home baking to either sit in or take away.

Teatopia offers and excellent opportunity to expand the business to offer evening meals along with an alcohol licence.


Situation
Teatopia occupies an enviable location on Buckstone Terrace, in the Fairmilehead area of Edinburgh.

Building Internal
The property is a traditionally built terraced lock up over the ground and basement levels. The main entrance is from the front which in turn leads to all areas private and public. The service counter is located to the rear on entering. On the ground floor you will find seating 22 persons. The seating area is well presented with wooden flooring, and high back chairs. The service counter benefits from a chilled deli display cabinet, with ample work surfaces to the rear.

Also locate on the ground floor is a disabled WC and fire exit door.

On the basement level, you will find additional seating for 18 persons. This area is more informal with a mix of soft seating and wooden tables. The basement also contains the kitchen.

The kitchen benefits from a commercial extraction unit, with domestic electric hob and units.

Ladies and Gents facilities are well situated off the basement dining area.


Building External
The front of the property is straight to street. There is ample parking in the surrounding area.

Services
We have been advised that all mains services are fitted.

Tenure
The property is held on the Scottish equivalent of leasehold. The current lease runs for a period of 15 years from February 2016. We are advised the monthly rental is £1062.

Accounts
Full trading Figures will be made available after a formal viewing has taken place

Summary
The sale of Teatopia offers a great opportunity to purchase a well established business, with excellent potential to expand the business. The business benefits from an excellent location and reputation. Viewing is highly recommended

Call to Action
OIRO £30,000 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.
Dishwasher and Coffee Machine are leased.

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.


Map & Street View

Disclaimer - Property reference 45769. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.