Restaurant/cafe for sale in London Street, New Town, Edinburgh EH3

Restaurant/cafe for sale
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Property description

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Casa Angelina, which is a well-established, boutique afternoon tea specialist and patisserie with a renowned reputation amongst local residents and shoppers. This is a superb opportunity to take on a popular local business in an area teeming with customers.

Casa Angelina was founded by our client approximately 7 years ago and the business has flourished since with many regular customers and a burgeoning reputation. The business is now being sold, albeit reluctantly and with heavy hearts only due to the owners wishes to concentrate on other business interests.

The business has built up a fantastic reputation as the go to place for the vegan afternoon tea experience, offering a host of sandwiches, soups and a truly delicious selection of the finest cakes and pastries. The business also offers an outside catering service for both vegan and non vegan buffets for weddings, private parties and corporate events along with being s popular fixture at various market events

We feel there is scope to increase turnover with the introduction of longer opening hours, possible application for an alcohol licence, undertaking in a robust marketing campaign along with the introduction of a dedicated website to highlight the business and services it can offer.

It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry with an exceptional business, in an enviable location within the centre of Edinburgh.

A tremendous opportunity to own this turn-key business, and early enquiries must come highly recommended to avoid disappointment.

The business occupies a prime trading location on the busy and thriving London Street, in the heart of Scotland’s capital city of Edinburgh and is surrounded by a host of complementary independent business, and further benefiting from a good level of passing trade.

The area is exceptionally well serviced in terms of both public transport links to all other parts of the city, along with great road networks both in & out of the city.

Edinburgh is the capital city of Scotland. It is the second most populous city in Scotland and the seventh most populous in the United Kingdom. Edinburgh has a population of circa 487,500 and lies at the heart of a larger urban zone with a population of 778,000. The city has long been known as a centre of education with 4 universities located in various parts of Edinburgh.

The city's historical and cultural attractions have made it the second most popular tourist destination in the United Kingdom after London, attracting over one million overseas visitors each year.

The business is located in a lower level commercial premises, accessed from street level, into a bright and welcoming boutique café environment, briefly comprising, feature service counter, with coffee machine, coffee grinder, till point, cake display fridge, various seating areas.

To the rear of the premises is the main dining area that can comfortably accommodate 28 – 30 covers, beautifully furnished with a range of tables and chairs. There is also a W/C area on this level.

Basement Kitchen area briefly comprises, Stainless Steel work / preperation stations, large walk in chiller, washing area, baking area, along with some useful storage areas located to the rear of the lower level

A full list of equipment & stock can be provided by our client.

We are advised that tenure is offered on a leasehold basis

8-year lease with 1 year remaining

Rent £12000 Per Annum

No Rates payable

Monday, Thursday & Friday – 1100 – 1630

Tuesday & Wednesday – Closed

Saturday & Sunday 1100 – 1730

The business is currently run by our client with the help of 1 member of staff & various casual part time staff during busy periods.

Financial Profile
We are advised turnover is stated in the region of £95,000.

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial 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.

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