REDWOOD BISTRO, 1 MEADOW PLACE ROAD, EDINBURGH, EH12 7TZ. GUIDE PRICE 65,000 Leasehold (rent 24,000 per annum) REF. 1005

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1 GUIDE PRICE 65,000 Leasehold (rent 24,000 per annum) REF. 1005

2 Outstanding Location Detached Restaurant / Bistro Furnished & Equipped Extremely Well Presented Premises Licence 50 Cover + Flexible Lease Car Park INTRODUCTION This outstanding restaurant / bistro was opened as a business in October 2014, the property having been converted from a large detached house. The conversion involved extensive remodelling of the house which included major structural works to open up the ground floor to create a large restaurant area as well as completely rearranging the first floor to create a large commercial kitchen, customer toilet facilities and storage. An enclosed fire escape form the first floor was also added. Outside a customer car park was created along with an impressive timber decked outside seating area. The garden was also professionally landscaped. The quality of the conversion along with the level of equipment installed and the stylish furnishings & decor is to an exceptionally high standard. The business opened and traded successfully as a Californian fusion licensed restaurant, but unfortunately had to close due to personal reasons. This unique restaurant is now offered on a leasehold basis to ambitious and experienced caterers who are able to fully exploit the opportunity to build and grow a business from this quality property which benefits from an outstanding trading location. THE LOCATION The location is superb, on the corner of one of Edinburgh's busiest roundabouts which forms part of a major route to and from the city centre. Corstorphine is a highly sought after and densely populated residential area (approx. 3 miles from the city centre) which is also home to many businesses. On the corner opposite Redwood Bistro is a large branch of PC World/Curries, adjacent is a branch of McDonald's, very close-by is a Tesco superstore and the Gyle Business Park, RBS Headquarters as well as numerous B&Bs and hotels are easily accessible from this location. THE PROPERTY This handsome former detached house had been carefully redesigned & rebuilt internally to create a wonderful restaurant which has great charm & character. The main entrance leads from the attractive decked outside seating area to the customer reception area where a reception desk is situated. The restaurant & bar lead from here to either side in an open plan style it can seat around 50 customers. To the right is a seating area where the bar counter is located. The bar area is very well equipped and includes a high end coffee making machines, 4 display fridges, ice making machine and a glass washer. The seating area included wall seating as well as freestanding tables and chairs. The seating continues to the other side of the ground floor in an open plan style. The quality of the furnishings, equipment and decor is extremely high. Disabled toilet facilities are also located on the ground floor. Stairs lead to the first floor where the kitchen is located. The kitchen is spacious and well laid out and is equipped to a very high standard with professional catering equipment. Food is delivered to the restaurant below via an electric hoist which leads to the bar service area below.

3 Also on the first floor is a store/office as well as customer toilet facilities (ladies & gents). EXTERNAL The decking area is furnished to seat 18 customers and there is a car park for 6 cars with turning space (plenty of other parking facilities nearby). The property also included a delightful small landscaped garden with well-maintained lawn and flower bed. A large timber shed is located to the rear of the property for storage purposes. POTENTIAL The potential for building a business from these superb premises is vast. The style, layout and level equipment and furnishings would be ideal for a wide variant of catering opportunities, from an upmarket cafe/bistro to a quality steakhouse - the options are endless. LICENCE The property benefits from having a premises license which also covers the decking area and part of the garden. WEBSITE PRICE Offers of 65,000 are invited for the purchase of the fixtures and fittings of the business together with the benefit of a new lease on the property. VIEWING Strictly by appointment via the sole selling agents Cornerstone Business Agents. Phone or info@cornerstoneagents.co.uk. OFFERS All offers couched in Scottish legal terms should be submitted to the sole selling agents. LEASE A new FRI lease will be offered to the successful purchaser of the business opportunity. The lease will be for a period of 10 years and the tenant will have a break option after 5 years. The period of the lease is, however, open to negotiation. The rent will be 2,000 pcm. PLEASE NOTE Only applicants who can demonstrate a history of successfully owning or running a successful catering business and who are prepared to provide an outline of the type of operation they would run from the restaurant will be considered. SERVICES All mains services are connected, there is a modern gas boiler and central heating system. TENURE Leasehold. Cornerstone Business Agents The Walled Garden, Bush Estate, Midlothian, EH26 0SD Phone Fax E mail info@cornerstoneagents.co.uk

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6 IMPORTANT NOTES RE. THIS BUSINESS Sales Particulars & Web Listings Please note any information contained in sales particulars or web listings for businesses being marketed by Cornerstone Business Agents is intended for general guidance only and should not be taken as statements of fact. Prospective purchasers should always seek independent professional advice before committing to purchasing a business. Viewing Appointments Whilst it is a good idea to visit a business that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, owners or customers of the business. Many businesses are being marketed confidentially and the staff and locals may not know that the business is on the market, therefore a casual approach can adversely affect the business. Formal viewing appointments should always be made via Cornerstone Business Agents by calling or completing our viewing request form. If you wish to cancel an appointment or will be delayed please inform Cornerstone as soon as possible. During out of office hours please call the business direct - however only speak to the person to whom your appointment is with. Please drop us an at info@cornerstoneagents.co.uk or give us a call on after you have viewed to let us have your thoughts and feedback on the business you have viewed. Trading Figures & Accounts As sales particulars are readily available to be downloaded from the internet it is rare that confidential trading figures are included in sales particulars. For reasons of confidentiality accounts are in most cases only available after a formal viewing. We understand that this can cause problems as it is pointless viewing a business that is not affordable. We therefore suggest that you call Cornerstone and ask for the agent handling the sale who will give guidance on trading levels and profitability before you view. Business Finance There are a wide range of funding options available to assist with a business purchase. Cornerstone work with a wide range of lenders and commercial finance brokers to ensure that purchasers of our clients businesses obtain the most advantageous funding facilities available. Please contact us if you would like to discuss business finance options with one of our independent specialists. We strongly advise that business purchasers discuss funding criteria with a specialist broker at an early stage. Discussing funding criteria with a single lender is unlikely to result in the best funding solution being found. Please call to speak to one of our finance specialists. Legal Aspects of Buying a Business in Scotland You will need to instruct a Scottish solicitor to act on your behalf when buying a business in Scotland. Scottish law differs from English law. It is important to instruct a solicitor who is experienced in buying the type of business you are considering. Cornerstone offer a list of solicitors that we can recommend. Please drop us an to info@cornerstoneba.co.uk for more information.