FOR SALE
641197
This business has been established since December 2023.
Located upstairs, our photobooth, a South Korean franchise known as 'Life 4 Cuts', stands out as Scotland's first and only branch. With over 4,000 stores worldwide, this rapidly expanding franchise also has a notable presence in England, where around 13 branches operate, alongside locations in Eastern Europe, including Poland, Amsterdam, the Czech Republic, Italy, Spain, Hungary, and Romania.
Our unique business model successfully caters to two thriving markets: photography and food. As weekends arrive, both aspects of our business experience a surge in customer activity, showcasing our popularity and solid customer loyalty.
The food offerings are an exciting extension of our original restaurant, featuring a straightforward menu that includes Korean fried wings, bibimbap (mixed rice), a selection of coffees, teas, and refreshing mocktails. We primarily focus on deliveries via Uber Eats and takeaway services. This dedication to quality and service has paid off, with a commendable rating of 4.5 out of 5 on delivery platforms and an impressive 4.7 out of 5 on Google Reviews, ensuring a robust customer base.
We are more than happy to answer any inquiries you might have.
Prime Location and Growth Potential
This business boasts a prime location with high visibility and significant foot traffic, further enhanced by a recently renovated space that showcases modern interior design. The versatile layout is adaptable for various café concepts, making it an attractive proposition for potential buyers. Comfortably furnished with ample seating and separate restroom facilities, the venue has a strong potential for growth within an expanding market.
Well-Established Foundations
After two years of operation, we have nurtured a well-established brand with a loyal customer base. Our clientele is diverse, reinforced by the surrounding amenities, such as the OVO Hydro, Glasgow's main exhibition centre, and a variety of shops and reputable restaurants, including Joia, Crabshakk, and The Gannet, all attracting significant foot traffic. Although the competitive landscape varies by cuisine, the area’s rich tapestry of businesses contributes to a vibrant customer ecosystem.
Business Metrics and Features
Included in the sale are a leasehold priced at £45,000, with a current turnover of £110,000 and an annual rent of £23,000, together with a profit margin of around 30k. Additional details encompass an established photographic retail space and a network of suppliers and customers that bolster our event photography specialisation. The operations are flexible, allowing for various operational options, working hours, and ownership transitions.
Reasons for Sale and Transition Support
This business is being offered for sale as I need to focus on my family's restaurant business in Aberdeen, especially as my parents are retiring. It is a difficult decision to leave Glasgow, but my commitment to my family's legacy compels me to prioritise that opportunity. Currently, the business employs seven staff members and maintains an active online presence until the sale is completed, with training opportunities available for the new owners to ensure a seamless transition.
Attractive Selling Points
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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