FOR SALE
09/10/23
600818
Criterion / Rightbiz
The Criterion Café
46 Gallowgate, Glasgow, G1 5AB
· Fantastic Café/ hot food takeaway opportunity
· Long established business of over 70 years
· Prominent city centre trading position in busy commercial area
· Densely populated residential area. New residential & student accomm.
· Recently refurbished to good standard. 36 covers
· Ideal opportunity for an owner/operator
· Low rent and zero rates
LOCATION
The subjects benefit from a highly prominent trading position on Gallowgate, close to its junction with High Street at Glasgow Cross, in the beating heart of Glasgow City Centre.
The surrounding area benefits from high levels of footfall and passing traffic throughout the day and evening, being positioned just off Glasgow Cross and only a short walk from the bustling Trongate and the stylish Merchant City.
The surrounding area is densely populated with a good mix including young professionals and students, with a number of modern residential and student developments nearby, and also benefits from the high number of surrounding shops, offices and licensed premises. Nearby operators include Tesco Express, Dominos, Subway, Chrystal Belle & Co, Maggie Mays and Bucks Bar to name a few.
The business also benefits from its close proximity to the Barras Market, the Barrowlands concert venue, and Celtic Park.
Glasgow is located in the West of Scotland, 40 miles west of Edinburgh. It is the 4th largest city in the UK and the largest in Scotland, with a population of circa 600,000, however there are around 1.2 million people in the Greater Glasgow urban area.
THE PROPERTY
The subjects comprise this single storey property which is partly under a slightly pitched corrugated steel roof, with part of the property also being below the railway arches.
DESCRIPTION
The subjects are accessed directly from Gallowgate via a doorway positioned within the large display frontage with prominent backlit signage above. The subjects benefit from steel security shutters and a cctv system.
Internally, the premises have recently been refurbished and have been designed and fitted to a good standard. The counter servery is positioned to the right-hand side of the unit and incorporates a serve over display chill counter. To the rear of the counter there is a range of equipment including coffee machine, panini grill, 2x undercounter fridges and an upright drinks fridge.
Seating is provided for approximately 36 customers by way of fixed booth seating.
ANCILLARY AREAS
A large back shop area is home to the main kitchen which benefits from a good range of catering equipment including a hot plate/griddle, double & single fryers, small twin deck pizza oven, microwave, toaster etc as well as stainless steel workbenches, fridges and freezer, and dishwasher.
The back area also benefits from a storeroom and a staff toilet.
THE BUSINESS
The Criterion Café has been trading from this location for over 70 years and is therefore extremely well established and something of a Glasgow institution.
The business sells a good selection of hot and cold snacks and drinks, breakfast and lunch dishes including full Scottish breakfast, filled rolls, burgers, paninis, toasties, baked potatoes etc, as well as a selection of pizzas and fish & chip shop dishes.
The business is well placed to take advantage of the high volume of local residents and students, surrounding businesses and workers etc, as well as benefitting from passing trade, as well as high levels of football fans on Celtic matchdays.
The business trades 9am-5pm, 7 days a week.
Due to our clients other business commitments the business is run completely by staff and it is felt the business would benefit from a more hands on owner operator who could focus on the business, possibly increase opening hours, and push deliveries etc.
FIXTURES & FITTINGS
We have been advised that all trade fixtures and fittings are owned outright and are free from any hire purchase or lease agreements with the exception of the coffee machine and till system which are leased.
RATES
The subjects are entered into the current valuation roll as having a rateable value of £9,100 and are therefore eligible for zero rates.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'Fantastic Cafe Hot Food Takeaway Opportunity in Glasgow City Centre - Criterion / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.