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Main Road Location
70 Cover Restaurant
Vendor loan available subject to status
Reference - 46073
Description Bruce & Co. Are delighted to offer for sale this unique, well known and very popular restaurant in the centre of Dundee. The business has only been under our clients’ ownership for 6 years and they have very reluctantly taken the decision to place it on the market due to them relocating. The business offers lunch and dinner service in addition to refreshments and alcoholic beverages. Since purchasing the business sales have increased with the business establishing a fantastic reputation which is a credit to our clients. Trading well and furnished to a very high standard.
Situation The business premises are located in the city Centre of Dundee. Dundee is Scotland’s fourth largest city. It lies within the eastern central lowlands on the north bank of the Firth of Tay. The city is in the midst of a £1 Billion redevelopment of its waterfront including the world famous V & A Museum of Design due to open soon. Business & retailers are reaping the rewards of the ongoing city transformation and it is expected that a further 7000 jobs will be created. Dundee is also at the forefront of biomedical & technological advances and now accounts for 10% of the UK’s digital entertainment industry.
Building Internal The property is on the ground floor of a traditional stone built tenement property. The front of the property is straight to the main street and the main entrance is from the front which in turn leads to all areas. Inside, the restaurant is designed to an extremely modern and contemporary finish. The main bar is located to the right on entry which overlooks the whole ground floor of the restaurant. The mezzanine floor overlooks the front of the restaurant offering seating or private dining. The restaurant offers dining for up to 70 guests and comes fully furnished with high backed seating with wooden tables. The fully fitted commercial kitchen is located to the rear with all modern equipment you would expect for a business of this nature. Customer toilets are located on to the rear on the ground floor and to the rear of the mezzanine floor.
Building External The property is straight to street with parking available on street near by.
Services The property has mains water, drainage, electricity, gas.
License The business trades with a full restaurant license.
Accounts Full trading figures will be given once a formal viewing has taken place.
Tenure a) The property is offered on leasehold basis with 9 years remaining on the lease and annual rental of £20,000
Summary This is a unique and exciting opportunity to purchase a truly stunning and beautifully presented restaurant in true walk-in condition.
Price O/O £89,995 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.
Vendor loan available subject to status.
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.
For more information about this property, please contact Bruce & Company, EH12 on +44 131 268 9615 * (local rate)
Contact Bruce & Company about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.