A “much-loved” bar and restaurant in a Scottish city has been brought to the market.
The agent said it is situated in an “up-and-coming area of the city centre already attracting entrepreneurial owners, companies and individuals”.
Cornerstone Business agents said the leasehold for the Black Fox on Leith Walk in Edinburgh represents “huge potential for new owners”.
The agent said the 40-cover premises are in a “sought-after and eclectic locale” and are in walk-in condition.
“The Black Fox occupies a very prominent trading position on Albert Place, Leith Walk. Leith Walk is one of the most vibrant, colourful and eclectic trading locations in central Edinburgh connecting the city centre to Leith and Edinburgh’s waterfront,” Cornerstone said.
“Also, the completion of the St James Quarter at the top of Leith Walk has realigned Edinburgh’s City Centre with the balance shifting focus to the east end of the city centre.
The agent also said: “Leith Walk is very much seen as an up-and-coming area of the city centre already attracting entrepreneurial owners, companies and individuals.
“The Black Fox has been run by our clients since 2018. The premises is run by our clients with the assistance of a full staff compliment including a general manager and head chef in addition eight other members of staff (four of whom work on a part time basis). The business operates as a popular bar with a great food offering, specialising in burgers, chicken burgers as well as offering vegetarian options. New owners will be able to focus solely on increasing turnover and profit in this already well-established business.”
The Black Fox is available at a premium of £70,000 with rent of £31,000.
UK retail chief quits as fashion firm tries to boost fortunes
The chief executive of Boohoo Group is standing down as the troubled fashion retailer revealed it is to undertake a review of each of its divisions, including its Debenhams online business, “to unlock and maximise shareholder value”.
John Lyttle, who has led the firm since March 2019, will depart as the company continues to take steps to revive its fortunes.
Boohoo declared its board believes the group “remains fundamentally undervalued following the developments of recent years, which have created a business with five core brands, addressing a diverse global customer base”. The firm announced this morning that it secured a new £222m finance facility with its existing banking group.
Number of Scottish firms ‘pushed to brink of failure’ soars
The number of Scottish firms that are “pushed to the brink of failure” has increased significantly.
Challenging economic conditions “continue to bite” businesses across sectors in Scotland, new figures reveal.
Businesses in Scotland, along with many others across UK, saw a rise in early signs of financial distress in the third quarter of 2024 compared with the same period the previous year, according to the latest Red Flag Alert data from Begbies Traynor.
The research, which provides a snapshot of corporate health, reveals that in the third quarter of 2024, there was a 37.2 per cent increase in levels of businesses in Scotland suffering from “significant” financial distress compared with the third quarter last year.
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