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Modern Licensed Restaurant With Mezzanine Level

City of Glasgow, Glasgow
Leasehold Price:
£49,995
Status
FOR SALE
Advert ID
252316
Reference
B05681 / Rightbiz
Business
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, turn key licenced restaurant with an excellent reputation associated with a strong and consistent brand.

 

The business has only now come to the open market as it’s our clients desire to leave the industry and concentrate on their other business interest.

The current business was established almost 4 years ago and has been under the careful and meticulous ownership of our client ever since and who have grown the business to an impressive level of turnover.

 

The restaurant offers a warm and friendly environment for patrons to enjoy their exceptional light lunch or evening dinner menu along with patrons being able to pop in for an alcoholic beverage.

The business also offers quality Italian & Mexican dining experience with the main restaurant area being able to cover for 36 covers. The rear restaurant is hired out for functions and parties and can accommodate around30–40 covers, with a feature mezzanine level being able to sit a further 25–30 diners.

The premises are also available to book for private parties and corporate functions and are able to provide a full waiting service for all tables.

We feel that there is tremendous scope to increase the  turnover and take the business to the next level by undertaking in a robust national marketing campaign to generate a flow of new customers, along with revised and extended opening hours, and with the possible introduction of offering the restaurant as a wedding venue due to overall size, layout and location.

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



Location
The business is ideally situated on Main Street within the town of East Kilbride (G74). The business benefits from being located within a densely populated residential area thus leading to a very good level of footfall and passing trade.

East Kilbride is well serviced in terms of local amenities with both Primary & secondary schooling being found close at hand. The area further benefits from excellent transport links, which are provided a by railway station located at Polmont, with shopping and recreational facilities all within approximately a 3-mile radius.

Further major benefits include the area is well placed for the M9/M876 motorway for commuting to Edinburgh, Stirling and Glasgow making it a popular and ideal location for the commuter.



Premises
The business is located in a traditional restaurant style property extending to 273.4 m2 with modern finishing to the interior, immaculately presented and maintained to the very highest standard, entered via ground level into a bright, airy and inviting interior, briefly comprising.

Main restaurant area, fitted with a range of quality tables & chairs, with a well-presented bar area with coffee machine, electronic till point and reception desk.

To the rear can be found the dining area for private parties / functions, with a feature mezzanine level accessed via stairs.

The extensive fully fitted commercial kitchen is located to the rear of the main building and can be found in excellent condition with quality fixtures & fittings.

The business further benefits from male, female and less abled w/c facilities and has a further office area to the rear along with ample storage throughout the premises.

Externally to the rear there is a large secure beer seller area along with a lock up style storage facility
A full list of fixtures, fittings & equipment to follow.


The business further benefits from having an informative website in place to showcase the restaurant & services on offer along with generating an impressive level of new business enquiries.



Tenure
  • We are advised that tenure is Leasehol
  • 10-year lease with 6 years remaining
  • Rent £25,000 PA
  • Rates £13,200 PA




Hours
Monday To Sunday – 1200– 1500 & 1700 – 2300.



Staff
The business is currently run and managed by the current owners along with 4 other staff members.



Financial Profile
Accounts will be made available to all interested parties.



Listing Details
Leasehold Price: £49,995
Tenure: Leasehold
Location: City of Glasgow, Glasgow
Sector: Restaurants, Bistros
Financials
Annual Turnover: £90,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: B05681 / Rightbiz
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