Long-Standing Licensed Café in Glasgow's Merchant City Up for Sale
City of Glasgow, Glasgow
- Status
FOR SALE
- Advert ID
627200
- Reference
SBA-0086 / Rightbiz
- Call Agent:
- Leasehold: £70,000
- Rent: £34,500 (£2,875 per month)
- Turnover: £320,000 (£6,154 per week)
- Net Profit: On request
Key Features
- Prime Location
- Fully Fitted
- Town Centre location
- Retirement Sale
- Established Business
- Accounts Available
- Free of Tie Leasehold
- Close to Local Amenities
Business Details
Long Established Licensed Cafe in Merchant City Glasgow
Cranberry’s has been a staple, consistently operated cafe in Glasgow for over 25 years. With the current owner being in place for 13 of those. Attractive return frontage from Wilson Street on to Brunswick Street. With just two operators since its inception almost 30 years ago, this is one of the longest established cafes in Glasgow, truly standing the test of time.
ASKING PRICE £70,000
Rare opportunity for this attractive corner site in Glasgow’s Merchant City area. Great location on a South-East facing corner of Wilson Street and Brunswick Street - fantastic for day-long summer sun.
- Currently owned for over 12 years.
- Open 7 days, 9-5
- Alcohol Licensed until 11:00PM
- Huge potential for utilising the licence at the evenings and weekends
- 46 covers indoors, 25 outdoors
- Fitted Kitchen
- Annual rent £34,500 (Inclusive of VAT)
- Fully fitted
- Adjusted EBITDA of circa £45,000.
There’s an alcohol licence in place, and during the summer months an occasional licence provides up to 30 additional covers outdoors (potential for more depending on application).
The licence is from 11:00-23:00, and 12:30- 23:00 on a Sunday. The business operates 7 days per week between the hours of 9-5.
This presents a fantastic opportunity to extend the operating hours and could drastically increase turnover by operating beyond 17:00.
Full financial information can be shared with seriously interested parties upon viewing the premises.
Viewings are available on request, please do not approach the business directly.
Contact Agent
Particulars / More Information
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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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.
Be safe, use a Rightbiz Solicitor
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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