Fantastic Restaurant & Bar Opportunity within the seaside town of Largs. 'Stone's throw' from beach

Room

48-52 Gallowgate Street, Largs, KA30 8LZ

·        Outstanding & well-established Restaurant & Bar

·        Prominent trading position in the heart of popular seaside town

·        A ‘stone’s throw’ from the beach and Cal Mac ferry terminal

·        Designed & fitted to high standard. Restaurant (60 covers), Bar (50) & Terrace (60)

·        Y/e Apr 2025 turnover £706,787 net of VAT

·        Adjusted net profit £139,732

·        Full management team & staff in place

LOCATION

The subjects benefit from a prominent trading position within Largs Town Square with a 60 seater terrace to the front of the new glass frontage. Gallowgate Street runs along the seafront and forms part of the well-travelled A78 coastal route, and is the main thoroughfare within the popular coastal town of Largs, which lies on the Firth of Clyde in North Ayrshire.

The subjects are a ‘stone’s throw’ from the beachfront, as well as from the Caledonian MacBrayne ferry terminal, with regular crossings to the Isle of Cumbrae/Millport.  The subjects are within the main retail & licensed circuit and surrounding occupiers comprise a good mix of local and national operators including Nardinis, Costa, WH Smith, Co Op, Boots pharmacy, Greggs and Specsavers.  The town will benefit further from Marks & Spencer who are due to open at the end of 2025.

Largs is an extremely popular tourist town, and attracts busloads of tourists and day-trippers throughout the year, particularly in the Spring/Summer months, who flock to Largs to enjoy the many amenities and attractions the town has to offer.   The town also markets itself on its historic links with the Vikings and holds an annual Viking festival which draws high numbers of visitors each year. There is also a music festival now in its 16th year, held over 3 days, and we’re advised that at the last one Room took £30k in sales.  The town square also features a market every Saturday.

The town is popular with outdoor enthusiasts, providing many pursuits including beautiful coastline walks, fishing, sailing and motor boating at the nearby Yacht Haven, as well as golf with a number of nearby courses including Largs Golf Club.  Scotland’s national sports centre is also in Largs bringing many groups from all over Britain and the world on a weekly basis.

Largs is only 33 miles from Glasgow and is easily accessible with excellent road links as well as a regular rail service from nearby Largs Railway Station, and regular bus services, with the main bus stop being positioned directly outside the café.

THE PROPERTY

The subjects comprise part ground floor of two adjoining traditional stone-built properties, forming part of a larger terrace, under pitched slate roofs.  The subjects also benefit from an external seating area to the front which we are advised is also owned by the property.

DESCRIPTION

The subjects benefit from excellent visibility with a large external seating terrace to the front, with seating for 60 customers, surrounded by branded, canvas seating barriers as well as several large parasols for protection from the elements.

Internally the premises were only recently refurbished in January 2025 and have been designed and fitted to a high standard to create a stylish and homely, welcoming environment.

The bar area is positioned to the front of the premises with a large, stylish, fully equipped bar/servery running down the left-hand side of the premises. The bar area can comfortably seat approximately 50 customers by way of an eclectic mix of comfy fixed booths, sofas, loose tables & chairs, bar seating and even reclaimed school woodwork benches & stools. Two large comfy sofas sit in front of a feature wall with inbuilt gas fireplace and television.

The restaurant area is positioned to the rear of the premises and provides a further 60 covers approximately by way of booths, banquet seating and loose tables and chairs.

ANCILLARY AREAS

• Well-equipped commercial kitchen
• Male & Female toilets
• Beer cellar
• Office
• Ancillary storage areas
• Disabled toilet with babychanging

SIZE

We understand that the subjects have an approximate gross internal area of 275 SqM (2,961 SqFt).

THE BUSINESS

Our client established Room in 2008 after purchasing the property which had previously traded as the Townhouse and refurbishing the property to create the stylish premises that exist today.

In this time the business has built up a loyal and regular clientele targeting the local community and families, whilst embracing the high levels of tourists and day-trippers that visit the town. The business enjoys a strong reputation for its quality food and service, as well as being renowned as being the best venue for cocktails and premium evening entertainment, putting on bands, singers and DJs every Friday & Saturday night.

The restaurant offers an extensive brunch menu, a snack menu, and the main a la carte menu which focuses heavily on Mexican cuisine as well as offering a good selection of quality gastro pub dishes such as fish & chips, scampi, burgers, steak pie, pastas etc.

The business is overseen by our client but there is an experienced management team and staff in place which would allow for a smooth transition.

TRADING HOURS

Sunday-Wednesday: 10am-midnight

Thursday-Saturday: 10am-1am

TRADING INFORMATION

Accounting information that we have been provided with for the year ending 30th April 2025 shows a turnover of £706,787 net of vat producing a gross profit of £453,737 (64%) and an adjusted net profit of £139,732.  Full accounting information can be made available to interested parties only after formally viewing the business.

FIXTURES & FITTINGS

We have been advised that all trade fixtures and fittings are owned outright and are free from any hire purchase or loan agreements.

LICENCES

The business trades with the benefit of a premises licence.

BUSINESS RATES

The subjects are entered into the current valuation roll as having a rateable value of £39,600.

TENURE

Freehold

EPC

A copy of the Energy Performance Certificates is available on request.  The rating is D.