Restaurant for sale

Fabio's, 23 Glasgow Road, Edinburgh, Scotland, EH12 8HW

Offers Over £150,000

Property Description

Commercial information

  • Business for sale

Key features

  • 70 Cover restaurant
  • 2018 turnover of 550,000 (net of VAT)
  • Large commercial kitchen
  • Fully licensed
  • Private car park, 10 spaces
  • Energy Rating G
  • Christie & Co Ref: 5265406

Full description

Tenure: Leasehold

Description

This presents a unique opportunity to purchase an established and profitable restaurant business which is situated three miles from Edinburgh Airport and on one of the the main roads into Edinburgh City.

The property can accommodate for 70 and would suit an owner operator or couple. However, it would also be a great addition to an existing portfolio.

Location

Fabio's restaurant is situated on Glasgow road, Corstorphine. Glasgow road is a busy thoroughfare for tourists travelling from Edinburgh Airport to the city centre by car and shuttle bus. Buses from the city centre to Glasgow Road run approximately every 30 minutes. Hotels nearby include the Marriott and Holiday Inn with Edinburgh Zoo situated one mile from business.

Internal Details

A single doorway leads to the main restaurant through a small porch as you enter the property. Male and Female toilets are situated here with a snug area for 15 directly opposite. A fixed wooden framed bar is situated to the right before you reach the main dining area.

The dining area can accommodate for 70 via a mixture of freestanding tables and chairs. A large commercial kitchen can be accessed via a single doorway to the rear of room. All necessary kitchen equipment is owned by the client and will be included within the sale.

Fixtures & Fittings

All fixtures and fittings required for the operation of the business will be included within the sale

Lease Terms

• Annual rent - £42,000
• Lease length - 10 years remaining of a 25 year lease
• Lease type - FRI lease
• Asking premium - £150,000
External Details

The traditional detached property benefits from a private car park which is accessed via the right hand side of the property and located at the rear of the main building, this can accommodate 10 vehicles. Limited on street parking is also available on Glasgow Road.

The Opportunity

Fabio's restaurant is well known within the community and attracts both locals and tourists who are travelling from Edinburgh Airport to the city centre. The business is family-run and specializes in authentic Italian dining using traditional ingredients to cook up fresh pizza, pasta and vegetarian dishes. Our clients are reluctant to place the business on the market due to retirement, however this provides an opportunity for an in-going purchaser to grow an already successful business.

The business currently advertises through their website ( and word of mouth, there is an opportunity to extend the reach by using social media channels such as Facebook, Twitter and Instagram.

Staff

TUPE – The proposed purchaser will be required to offer continuity of employment in accordance with the Transfer of Undertakings (Protection of Employment) regulations.

Trading Information

The business turnover for 2018 was £550,000 (net of VAT), however full trading information will be provided to seriously interested parties after formally viewing the property.

Business Rates

The Rateable Value for the business is £59,500, effective from April 2017.


More information from this agent

Nearest stations

  • South Gyle (0.4 mi)
  • Edinburgh Park (1.1 mi)
  • Wester Hailes (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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.

Floorplans


To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 stations

  • South Gyle (0.4 mi)
  • Edinburgh Park (1.1 mi)
  • Wester Hailes (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 5265406-lh. 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 Christie & Co , Edinburgh. 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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