Bar and restaurant venue for sale in Glasgow with diverse dining and entertainment options
City of Glasgow, Glasgow
- Status
FOR SALE
- Advert ID
651614
- Reference
374731 / Rightbiz
- Call Agent:
- Leasehold: £200,000
- Rent: £75,000 (£6,250 per month)
- Turnover: £750,000 (£14,423 per week)
- Profit: £120,000 (16% Profit margin)
Business Details
Bar, Restaurant, Nightclub and Function Venue Premises
Saint Judes is a stylish, established bar, restaurant, function venue and nightclub set across 4 floors including the basement.
Saint Judes is a well-established and highly recognisable Glasgow hospitality venue, offering a stylish blend of bar, restaurant and late-night entertainment space across a substantial city centre premises. The business combines a contemporary yet characterful fit-out with versatile trading areas suited to daytime dining, evening drinks, private events and late-night trade. Its diverse offering includes quality food service, a strong cocktail and drinks proposition, function and event hire facilities, and an established nightclub element, allowing operators to benefit from multiple revenue streams throughout the week. The property is presented in strong operational condition, offering a turnkey opportunity for a proven hospitality venue within Glasgow’s competitive leisure market.
Situated on the ever-popular Bath Street in the heart of Glasgow city centre, Saint Judes benefits from a prime trading location within one of the city’s busiest hospitality and nightlife destinations. The surrounding area is home to a dense mix of offices, hotels, retail, student accommodation and residential developments, generating strong levels of footfall across both weekday and weekend trade. Its proximity to major transport links further enhances accessibility for customers, while the area’s established reputation for bars, restaurants and entertainment venues makes it an ideal setting for a multi-faceted hospitality business.
- Turnover £750,000 NET of VAT with over 75% GP
- Trading Friday-Sunday, 3:00AM Licence
- EBITDA £120,000 per annum
- Annual rent £75,000 VAT
- Multiple function spaces suitable for 15-150 capacity each
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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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