Take Over a Popular Traditional Pub in Glasgow West End - A Great Business Opportunity
City of Glasgow, Glasgow
- Status
FOR SALE
- Advert ID
603278
- Reference
The Park Bar 52636 / Rightbiz
- Call Agent:
- Leasehold: £205,000
- Rent: £75,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Brilliant Opportunity to Run a well established Traditional Pub in Glasgow West End
- Brilliant Opportunity to Run a well-established Traditional Pub in Glasgow West End
- Enviable Location in the Ever-Popular Finnieston district of Glasgow
- A Charming Pub which Benefits from a Large Open Plan Space Perfect for a Jig
- A Warm and inviting atmosphere with an abundance of traditional features
- Available For Rent £75,000 Per Annum
- Leasehold Purchase Price £205,000
Graham and Sibbald are delighted to bring to the market the iconic Park Bar in Glasgow. The pub for lease is a well-known establishment in the popular West end of Glasgow. The Park bar is offered to the market with a stellar reputation and loyal customer base. The Park Bar has been serving the residents of Glasgow and visitors for over 120 years. The lively Scottish bar is a hub for the Gaelic community and an inviting space that has hosted many up and coming bands over the years.
The Leasehold interest in the property is being sold. The current rent is £75,000 per annum and we are asking for an ingoing premium of £205,000 which includes the goodwill of the business and the fixtures and fittings. The current lease has 9 years remaining and the pub is a beer only tied pub. The landlord is Trust Inns.
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Listing Statistics
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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.
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