FOR SALE
08/03/24
607938
2704A / Rightbiz
The Business Sales Agency are delighted to bring to the market this excellent opportunity to acquire spacious restaurant premises in the heart of Glasgow’s trendy and affluent West End.
A bright double unit extending to 136m2 of open plan ground floor seating and serving area with 74 covers inside and a further 40 outside in pedestrianized area outside.
Good size commercial kitchen with Class 3 hot food consent. Likely to obtain alcohol licence if required.
Business, leasehold interest, fixtures & fittings for sale.
Further details:
Probably one of the largest restaurant / café premises available in the West End of Glasgow.
With 74 covers inside and permission for a further 40 outside together with full class 3 hot food consent, this offers a rare significant business opportunity in a prime location.
Located in Cresswell Lane which is the continuation of Ashton Lane in the heart of the popular West End of Glasgow, these double unit premises have housed a hospitality business for over 30 years. It has high levels of repeat custom and excellent levels of passing trade.
Opening Hours:
Current hours are 10am to 5pm, 7 days but evening and longer hours are allowed.
Financial information:
The sale price includes all equipment, fixtures and fittings except the coffee machine, grinder and till system which are rented. Further information can be made available to interested parties after viewing.
Premises:
The premises are located in Cresswell Lane which runs parallel to Byres Road and are a continuation of Ashton Lane forming part of the highly popular food, bar, café and entertainment district of Glasgow’s vibrant West End.
There are many quality gift, food and other complementary retailers in the surrounding area creating a good footfall for the business. Huge floor to ceiling concertina windows on to the street make it a particularly attractive place to sit.
This double unit comprises a very large open plan seating and serving area with separate kitchen and toilets to the rear. The total ground floor internal area extends to 136m2 (1,436sqft).
Tenure:
Leasehold. Annual rent is £65,000. Lease runs until 2025 with an automatic option for further 5 years. Rateable value £44,000 with rates payable of £21,912.
Staffing:
Operated fully staffed with 3 full-time and 1 part time employees.
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
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