Fully Fitted Fish & Chip Restaurant & Takeaway within East Kilbride Shopping Centre

Fully Fitted Fish & Chip Restaurant & Takeaway

Unit 20/21, Princes Square, East Kilbride Shopping Centre, G74 1LJ

·        Fully fitted fish & chip/fast food restaurant & takeaway opportunity (50 covers)

·        Prominent trading position within East Kilbride Shopping Centre

·        Designed & fitted to a high standard (c.£300k spend in 2020)

·        High footfall area with good surrounding mix of national retailers

·        Close proximity to Bus Station, Odeon Luxe cinema & ice rink

·        Great opportunity for hands on owner or as part of a larger group

·        Would suit a variety of concepts and cuisine styles

LOCATION

The subjects benefit from a prime trading position within the popular Princes Square Shopping Centre in the heart of East Kilbride, South Lanarkshire’s largest town.

Positioned in a high-footfall area surrounded by a wide range of national retailers, cafés, and entertainment facilities, the venue benefits from a constant stream of shoppers, workers, and families.  Retailers within the shopping centre include Primark, JD Sports, Pandora, H&M, River Island, New Look, as well as a variety of independent stores.

The shopping centre is also home to ‘The Hub’ which is home to Odeon Luxe cinema, ice rink, Pure Gym, as well as restaurants and cafes ensuring high levels of footfall throughout the day and evening.

East Kilbride is a thriving commuter town just 10 miles southeast of Glasgow, with excellent transport links including regular bus and rail services, as well as convenient road access via the A726 and M74. This prime location within one of Scotland’s busiest retail centres offers excellent visibility and strong potential for sustained year-round trade.

DESCRIPTION

The subjects benefit from a highly visible corner position with large entranceways positioned on either side of the large display corner frontage with prominent neon signage above.

The premises were completely refurbished in 2020 by our clients at a cost of approximately £300,000, and the premises have been designed and fitted to an exacting standard in a modern and contemporary fashion.

A stylish restaurant area can comfortably seat approximately 50 customers by way of fixed stylish booths, banquet seating and loose tables and chairs

A large, stunning counter/servery is positioned to the right-hand side of the premises and incorporates a 2-pan (Frank Ford) frying range.  To the rear of the counter there are 3 flat screen televisions displaying menu items, as well as a range of equipment including EPOS till system and drinks fridges.

ANCILLARY AREAS

A back shop area to the rear of the counter is home to a range of further equipment including 2x double Lincat fryers, microwaves, coffee machine, ice machine, chip basin, and also benefits from additional extraction canopies.

A further back shop area behind this provides a separate dish wash area with commercial dishwasher, as well as the potato storage and preparation area including chip basin, peeler & chipper machines.

The subjects also benefit from a walk-in fridge, walk-in freezer and customer toilet.

On the upper floor you will also find an office, laundry room, and a large storeroom.

THE BUSINESS/ OPPORTUNITY

Blue Lagoon have been trading from these premises for approximately 5 years and in this time have built up a strong customer base derived from shoppers, shop and office workers, leisure customers and surrounding residents, selling traditional fish & chip shop products, as well as catering for gluten free and halal customers. They also provide a delivery service using the main delivery platforms. The business enjoys a good reputation with strong online reviews.

Our client’s decision to sell the business offers a tremendous opportunity for a new incoming owner to take on these exceptionally fitted premises at a fraction of their fit-out cost.

It is felt that the business would benefit from a more hands on owner operator in its current format, as well as increasing the product range to possibly include pizzas, burgers, kebabs etc, as well as introducing a breakfast offering.  Alternatively, the premises could be easily adapted with minimal expense to suit a different concept or cuisine style, and this could be reflected in the price should a new owner not require the frying range for example.

TRADING NAME

The trading name Blue Lagoon is not included in the sale and a new owner will be required to rebrand the premises.

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 £18,000.

TENURE

The subjects are currently held on an original 15-year lease from 14th October 2020 with a current passing rental of £20,000 per annum subject to 5-yearly rent reviews although it is our understanding that a fresh lease will be granted to an incoming tenant, subject to landlord’s consent. The terms of any new lease will need to be agreed. There is also an annual service charge which we have been advised is circa £18,500.