Bruce & Co oversee sale of Xanadu Chinese Restaurant, Edinburgh.
Successfully operated by our vendor since 2005, the restaurant with seating for 80 cultivated a brilliant local reputation leading to impressive amounts of repeat custom and consistently flattering online reviews. Xanadu was placed on the market due to the vendor’s wish to retire, going on to receive 10 viewings and multiple offers. The successful buyer plans to keep the property in the culinary field but change the business to an Indian restaurant.
Lead negotiator of the sale Michael Firoozi commented;
“I am delighted that our advertisements helped them to find a buyer. There were a few issues that came up with the solicitor, but we managed to solve them with ease and negotiate a longer lease with the landlord.”
“I was able to conduct the deal with the complete trust of the vendor to the extent that they were actually on holiday when the deal completed, and they were fully aware of the procedure and its progress.”
“I wish them all the very best in the future and it was a pleasure to help you market the business.”