FOR SALE
629100
Wudon / Rightbiz
Wudon
535 Great Western Road, Glasgow, G12 8HN
· Long established & reputable Pan-Asian/Noodle restaurant
· Prime Glasgow West End trading position, within vibrant retail & licensed circuit
· Designed & fitted to high standard. Circa 50 covers plus pavement seating
· Nearby licensed operators include Paesano, La Lanterna, Coopers, Kitty’s
· Nearby retail operators include Roots & Fruits, Co-op, Dominos, Subway
· Strong levels of turnover & profitability
· Would suit a variety of concepts/cuisine styles
· New lease available
LOCATION
The subjects benefit from an enviable and extremely prominent trading position on the south side of Great Western Road, close to its junction with Bank Street, and are situated within the Kelvinbridge area, in the heart of Glasgow’s popular and stylish West End.
The subjects form part of a vibrant retail parade within a busy retail and licensed circuit, and the surrounding operators comprise a good mix of local and national retailers as well as other restaurants and bars, ensuring the area is bustling with people throughout the day and evening. Surrounding licensed operators include Paesano, La Lanterna, Coopers and Kitty’s, and retail operators include Co-op, Dominos, Roots & Fruits, Valhalla’s Goat, Strawberry Fields, and Kothel.
The subjects benefit from high-levels of passing traffic, with Great Western Road being one of the main arterial roads linking the City Centre with the West End. The road also forms part of the extremely well-travelled A82 tourist route, that runs from Glasgow to Inverness, via Fort William.
The surrounding area is densely populated with local residents, and is an extremely desirable place to stay with high property values, and is home to a good mix of families and young professionals as well as from high levels of students, given the close proximity of Glasgow University. The subjects also benefit from the nearby Kelvinbridge Underground Station.
THE PROPERTY
The subjects comprise part ground floor and basement of this traditional 4-storey, sandstone tenement style property, under a pitched tiled roof.
DESCRIPTION
The subjects are accessed directly from Great Western Road via a door positioned to the left-hand side of the large display frontage with prominent signage above. The door leads into an entrance vestibule with a door into the restaurant, as well as a staircase down to the basement ancillary accommodation. The restaurant level is raised slightly and is 3 steps up, and also benefits from a wheelchair lift.
The restaurant has been designed and fitted to high standard, in a modern and contemporary fashion and has been consistently maintained and refurbished over the years. The restaurant can comfortably accommodate circa 50 customers, by way of fixed banquet seating, loose tables and chairs, and a small amount of window seating. The windows can be fully opened up to create an inside/outside feel. There is a small pavement seating area to the front also.
The subjects benefit from a stylish and fully equipped bar/servery, as well as a waiter station area with dumb waiter to/from the basement kitchen.
ANCILLARY AREAS
THE BUSINESS
Wudon noodle bar was established by our clients approximately 16 years ago and is therefore extremely well established and something of an institution in the west end.
The business has built up a tremendous reputation for its Pan-Asian cuisine, selling a fantastic selection of Chinese, Japanese and Thai food, and enjoys a strong and regular clientele, made up of local residents, as well as people travelling from further afield, students, nearby offices and workers, as well as tourists and daytrippers.
The business trades 6 days a week, closing on Mondays, 12:30pm – 9:30pm/10pm last orders, although the premises are licensed until 1am, 7 days a week, so there is potential to open longer should a new owner wish.
TRADING INFORMATION
We have been advised that the business currently turns over approximately £13,000 per week gross of vat.
Further financial information can be provided to interested parties 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 £16,300.
LICENSES
The business trades with the benefit of a premises licence
TENURE
Our client is willing to offer a fresh, full repairing and insuring (FRI) lease of negotiable terms and duration, and we are seeking an initial rental of £31,200 per annum
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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