Exceptional Bar & Restaurant For Sale in Glasgow's West End with Strong Trading History
City of Glasgow, Glasgow
- Status
FOR SALE
- Advert ID
616644
- Reference
SBA-0066 / Rightbiz
- Call Agent:
- Leasehold: £90,000
- Rent: £60,000
- Turnover: On request
- Net Profit: On request
Key Features
- Close to Local Amenities
- Prime Location
- Fully Fitted
- Adjacent to Multiple Retailers
- Attractive Business
- Town Centre location
Business Details
Exceptional Bar & Restaurant Opportunity in Glasgow West End.
Scottish Business Agency bring to market this truly exceptional and rare opportunity on Byres Road, Glasgow.
Rum Bongo is a Bar-Restaurant, fully refitted to an extremely high standard 1 year ago It's a prime corner unit on Byres Road, one of the main thoroughfairs in Glasgow’s West End and hub of student activity.
- Rent: £60,000 ( VAT)
- Rateable Value only £25,600
- 18 years remaining on the lease
- 100 covers 260 license capacity, 1:00AM license
- Fully fitted substantial kitchen
- 70:30 Wet:Food split
- Beer tie with an option to remove
- Over £50,000 of fixtures & fittings
The business has built a strong trading history in a relatively short space of time. This is down to multiple factors such as location, quality of fit-out, concept and the carefully curated food & drink offering. Despite multiple hurdles during the past 12 months, such as extensive road improvement which had an effect on many businesses including RUM BONGO - the business has grown in reputation.
With the works complete, the frontage has become even more pleasant and better suited for customers. Students are primed to return next month, now is the perfect time to take the business on for growth. This business is a fantastic base for both an experienced and new operator in the sector. The University of Glasgow has been undergoing a £1 Billion development of a new Campus. This will bring even more students, and guarantee a higher footfall to an already busy area of the West End.
Strong trading history. Detailed financials are available upon request. Viewings strictly by appointment only, please do not approach staff directly.
Contact Agent
Particulars / More Information
Listing Statistics
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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.
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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.
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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.'.
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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.
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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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Contact seller
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.
Be safe, use a Rightbiz Solicitor
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