Long established & highly profitable restaurant & bar in heart of Dunoon town centre

The 51st State and La Cantina Restaurant

200/202 Argyll Street, Dunoon, PA23 7HA

• Long established Bar & Tex-Mex grill/Italian restaurant business (110 covers)
• Recently extended, substantial premises trading over 2 floors with separate entrances
• Prominent trading position within heart of vibrant coastal town
• Ground floor: c.46 covers (51st State) and basement: c.64 covers (La Cantina)
• Strong levels of turnover & profits with consistent growth
• Benefits from the many events & festivals held each year including Cowal Gathering

LOCATION

Situated in the heart of Dunoon on Scotland’s scenic Cowal Peninsula, the business enjoys a prime position on the town’s bustling Argyll Street, the town’s main retail & licensed thoroughfare, just a short walk from the ferry terminal and waterfront.

Dunoon is a popular destination for tourists and day-trippers, drawn by its stunning coastal views, outdoor activities, and local events. The town benefits from steady footfall throughout the year, especially during the summer months and during the many regular events and festivals such as the Cowal Highland Gathering, Argyll Rally, Dunoon Tradfest and Punk on the peninsula.

With easy access from Glasgow via road and ferry, the restaurant is ideally located to attract both local residents and visitors alike, offering strong potential for consistent year-round trade.

THE PROPERTY

The subjects form part of a retail parade and comprise part ground floor and substantial basement level of this property which was extended in 2020 with a 2-storey extension to the rear.

DESCRIPTION

The subjects are accessed directly from Argyll Street via a door positioned to the right-hand side of the large display frontage, although there is also a separate main entrance to the basement level from the rear accessed via a side lane.

The ground floor is home to The 51st State which trades as a themed American/Tex-Mex bar & grill and the place is adorned with memorabilia and artefacts.  There is seating for approximately 46 customers by way of booth seating, loose tables & chairs and stools, with a bar/servery positioned to the rear of the restaurant.

The basement level is home to La Cantina which can be accessed via a staircase to the rear of the ground floor restaurant, however benefits from its own main entrance at the rear of the property.  Both venues now operate with the same menu, however this area has more of an Italian taverna feel to it, with a relaxing ambience complementing the more casual offering upstairs. La Cantina can seat approximately 64 customers by way of booths, banquet seating and loose tables & chairs, and this area also benefits from its own bar/servery.

ANCILLARY AREAS

• Commercial kitchen with separate dishwash area & walk in fridge & freezers
• Male & female toilets on both levels plus disabled toilet/baby change
• Beer Cellar
• Large office
• Ancillary storage areas

THE BUSINESS

The 51st State and La Cantina was established by our client in 2002 so the business is therefore extremely well established and something of an institution within Dunoon.

The business enjoys a tremendous reputation for its food and service and this is reflected in their strong online reviews on Google and Tripadvisor etc. The business previously traded with 2 separate menus in each venue however this has now been amalgamated into one extensive menu served throughout featuring a great selection of Tex/Mex & American style dishes with burgers, fajitas, ribs, steaks etc alongside pizzas & pastas, as well as a great drinks selection with cold beers, wines, and their famous milkshakes.

The business attracts a wide range of clientele with lots of locals, regulars and families, as well as benefitting from high levels of tourists and day-trippers, particularly Americans due to the area’s connection to the US navy who previously had a submarine base in the town.

The business benefits from the nearby Hunters Quay Holiday Village which attracts visitors throughout the year as well as from the many events and festivals that are held annually in the town and provide a huge influx of visitors. The business also hosts regular live music events and is extremely popular for private events for local clubs and businesses, as well as hosting birthdays, anniversaries and festive parties.

TRADING HOURS

7 days : 11am – 8/8:30pm last orders

TRADING INFORMATION

Full trading information can be made available to seriously interested parties only 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.

RATES

The subjects are entered into the current valuation roll as having a rateable value of £20,750.

LICENSES

The business trades with the benefit of a premises licence.

TENURE

Freehold/Heritable