Well renowned Restaurant & Cafe Bar in Glasgow's West End

Ziques

66 Hyndland Street, Glasgow, G11 5PT

·        Well renowned & strong performing restaurant & café/bar

·        A real Glasgow West End ‘Institution’

·        Stunning property. Recently refurbished to high standard

·        Circa 60 covers over ground & mezzanine, plus outside seating

·        Turnover to May 2023; £632,220 net of VAT

·        Adjusted net profits in excess of £100,000

·        Rarely available freehold opportunity

LOCATION

The subjects benefit from an enviable and extremely prominent trading position on the corner of Hyndland Street and White Street, within the Hyndland area of Glasgow’s bustling and trendy West End.

Hyndland is a leafy suburban neighbourhood, characterized by traditional sandstone tenement properties and community gardens, and is home to an excellent mix of restaurants, bars, gourmet delis and brunch cafes, as well as boutiques, antiques stores and bookshops.

Nearby licensed operators include Skillet, Cottiers Theatre & bar/restaurant, Partick Duck Club, Celino’s and The Lismore.

The subjects benefit from their close proximity to many attractions and amenities including Glasgow University, the Kelvingrove Museum & Art Galleries, the Kelvinhall International Sports Arena, the new Hunterian Museum and Kelvingrove Park & Bandstand.

There is plentiful on-street car parking, and the subjects are close to Partick Railway Station and Underground Station.

THE PROPERTY

The subjects comprise part ground floor and mezzanine of this 3-storey traditional tenement property, all under a pitched tiled roof.

DESCRIPTION

The subjects are accessed directly from Hyndland Street with the main entrance positioned to the left-hand of the stunning full glass frontage with prominent signage above, as well as displaying the reclaimed traditional signage above.  The subjects can also be accessed from the side with double doors leading to and from the external terrace area.

The subjects were completely refurbished in 2020 and have been designed and fitted to a high standard in a stylish and contemporary fashion whilst also retaining a lot of the original charm with exposed stonework, hardwood floors and ornate high ceilings.

The ground floor is home to a large centrally positioned bar/servery with an open kitchen to the rear. Seating is provided at ground floor for circa 30 customers by way of fixed comfy banquet seating, loose tables and chairs and some bar seating.

The mezzanine level wraps around and overlooks the ground floor with attractive glass balustrades and can accommodate a further 30 covers approximately by way of loose tables and chairs, banquet seating and stools.

A decked, external terrace area to the side is currently utilised by our client and provides seating for an additional 30 customers approximately.

ANCILLARY AREAS

• Commercial kitchen
• Separate prep kitchen & dishwash area
• Customer toilets
• Ancillary storage area

THE BUSINESS

Ziques was established by our client in 2001 and is therefore extremely well established and is something of an institution within Glasgow’s west end and is a staple of the Glasgow restaurant scene.

In this time the business has developed a fantastic reputation for its quality food and service and enjoys a loyal and regular clientele derived from the high volume of local residents, as well as attracting people from throughout Glasgow and beyond, as well as benefitting from the high volume of students and tourists etc.

Ziques is popular for breakfast, brunch and lunch which is served Monday to Sunday 9am-4pm, and also operates a small plates menu from 5pm-10pm Thursday to Sunday, as well as serving a good selection of cakes and pastries, teas and coffees, and a good selection of soft and alcoholic drinks.

The business is run completely under management and it is felt the business would be ideally suited to a more hands on owner operator who would be able to concentrate on the business and increase profitability further.

More information on the business can be found on their website www.ziques.com

TRADING INFORMATION

Accounting information for the year ending 31st May 2023 shows a turnover of £632,220 net of vat, producing a gross profit of £441,459 (69%) and an adjusted net profit in excess of £100,000.

Further financial information can be provided to interested parties only after formally viewing the business.

FIXTURES AND FITTINGS

We have been advised that all trade fixtures and fittings are owned outright and are free from any hire purchase or lease agreements.

 BUSINESS RATES

The subjects are entered into the current valuation roll as having a rateable value of £26,600.

LICENSES

The business trades with the benefit of a premises licence and has a late licence until 1am.