Coffee Shop for Sale in Affluent Glasgow Southside with Strong Sales and Solid Management Team
City of Glasgow, Glasgow
- Status
FOR SALE
- Advert ID
658314
- Reference
2834 / Rightbiz
- Call Agent:
- Leasehold: £120,000
- Rent: £24,000 (£2,000 per month)
- Turnover: £330,000 (£6,346 per week)
- Profit: On request
Key Features
- Retail space with storage
- Scope for delivery services
- Situated in prime location
- Skilled barista staff
Business Details
Long Established, High Turnover Coffee Shop in Affluent Glasgow Southside Location
An excellent opportunity to acquire a long-established coffee shop in an affluent area of Glasgow’s Southside. Occupying a highly visible main road position, the business combines strong sales, excellent customer reviews and an established management team.
KEY FEATURES
· Annual net sales of approximately £330,000
· Excellent gross profit margins of approximately 70%
· Prominent main road location in an affluent area
· Established takeaway trade accounting for approximately 80% of sales, with 20% sit-in
· Fully staffed operation with a manager, assistant manager and two part-time staff
· Annual rent of £24,000
· Rateable value of £22,400
THE OPPORTUNITY
The coffee shop’s long trading history and excellent reviews provide an attractive foundation for a purchaser seeking an established business with a strong reputation.
The predominantly takeaway sales mix is complemented by a sit-in offering, allowing the business to serve both customers on the move and those looking to relax over a coffee.
Currently run fully staffed, the business would suit an owner-operator wishing to take a hands-on role or an existing operator seeking to expand into Glasgow’s Southside. The established staffing structure offers continuity, while the strong turnover and gross profit margins make this a compelling acquisition opportunity.
PREMISES & OCCUPANCY
The business benefits from a highly visible main road position. Annual rent is £24,000, and the premises have a rateable value of £22,400.
ASKING PRICE
Offers over £120,000 are invited for the business, leasehold interest, fixtures and fittings.
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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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