BUSY & PROFITABLE LICENSED RESTAURANT GLASGOW SOUTHSIDE
City of Glasgow, Glasgow
- Status
FOR SALE
- Advert ID
657379
- Reference
2828 / Rightbiz
- Call Agent:
- Freehold: £150,000
- Turnover: Not Applicable
- Profit: On request
Key Features
- ESTABLISHED BUSINESS
- Full A3 and alcohol licence
- Full on-licence availability
- Fully equipped business setup
Business Details
BUSY & PROFITABLE LICENSED RESTAURANT GLASGOW SOUTHSIDE
The Business Sales Agency is pleased to bring to the market an exciting opportunity to acquire a well-established, busy and profitable licensed restaurant in one of Glasgow’s most densely populated and popular Southside locations.
Generating annual net sales of approximately £400,000 from daytime trading alone, with significant untapped potential to increase turnover and profits through evening opening, alcohol sales and expanded takeaway/delivery trading.
Key Features
· £400,000 annual net daytime sales – excluding alcohol
· Full Class 3 hot food consent
· Premises licence for the sale of alcohol
· 35 covers
· Spacious 1,003sqft (95m²) premises
· Superb prominent dual-aspect corner location
· Separate entrance for takeaway and delivery operations
· Recently refurbished to a high standard
· Excellent scope to develop evening trade and licensed sales
· Attractive rent of just £15,000 per annum
· Rateable Value: £14,100
· Long lease until September 2032
· Outstanding Growth Potential
The business currently benefits from strong daytime trade, yet operates with considerable scope for expansion. Introducing evening opening and developing alcohol sales could provide a substantial opportunity to increase turnover and profitability.
The combination of strong existing sales, low occupancy costs, a prime corner position, quality refurbishment and long lease makes this an attractive proposition for an experienced restaurant operator, hospitality group or ambitious buyer looking to grow an already successful business.
Offers in the Region of £150,000
The sale includes the business, equipment and valuable leasehold interest.
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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.
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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.
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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.
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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.
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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.'.
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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.
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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
Contact seller
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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