Chance to snap up magnificent seven | Scottish Licensed Trade News

Scottish Licensed Trade News

Chance to snap up magnificent seven

Edinburgh restaurant on market for first time in 30 years

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A RESTAURANT just off Edinburgh’s Royal Mile is for sale for the first time in 30 years.
After nearly three decades of trading, owner/operators Malcolm Cole and Henri Oriel are hanging up their whites to retire and have put Hunter Square restaurant Le Sept on the market.
Located next to the Ibis hotel, Le Sept has 60 covers across the ground and basement floors as well as an outdoor pavement seating area and a courtyard at the rear.

This is an excellent opportunity to acquire a site in Edinburgh’s old town.

The restaurant, which majors in French ‘classics’, is said to have earned its success through attention to detail and a loyal staff, and is quoted in The List as offering an “affordable taste of France”.
Alan Goldie, director at The Restaurant Agency, which is marketing the business at offers over £110,000 for the leasehold, said he expects Le Sept to attract a high level of interest from potential buyers.
“Our clients are looking forward to enjoying trading through the summer and festival season and, after such a long innings serving the Edinburgh public and tourists, are aiming to exit their French bistro in early autumn,” he said.
“This is an excellent opportunity to acquire a site in the heart of Edinburgh’s old town and should attract a range of restaurateurs, cafe/bistro and deli owners with its position, format and lease arrangements.
“We expect even in today’s financial market to secure a deal which fully represents true value for the site, with several parties already having viewed within a short time frame.”

Image: French bistro Le Sept is said to have earned its success through attention to detail and a loyal staff.

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