Fully Licensed Franchisable Restaurant 2586

Leasehold £325,000

    1251

This is a superb opportunity to acquire this highly profitable and franchisable restaurant in the heart of Glasgow’s popular merchant city.

Sit-in sales currently over £10,000 per week with excellent margins. Potential to increase sales through deliveries with Just Eat or Deliveroo.

80 covers inside plus 20 outside with full open plan commercial kitchen.

Business, leasehold interest, fixtures & fittings for sale at offers over £325,000 plus stock at valuation


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Type of business
This is an excellent opportunity to acquire a modern highly profitable fully fitted and equipped licensed burger restaurant in the heart of the merchant city. This attractive brand and concept was developed after extensive product testing and has resulted in the business being a finalist for Scotland’s best burger for 2017 and 2018. Logo and name are trademarked and a business plan is in place to franchise the business. The business has excellent Trip Advisor and social media reviews together with strong customer loyalty.
Opening hours
11am - 11pm 7 days.
Staff
The business is run fully managed with experienced team both in the kitchen and front of house.
Tenure
Leasehold. Rent £35,000 per annum. Lease runs until 2025. Rateable value £30,750.
Premises
These 213m2 (2,250sqft) premises are located on a prime highly visible corner site in the heart of Glasgow’s popular merchant city. Fitted out 3 years ago from a new build shell at a cost of £500,000 with floor to ceiling windows on the south and west facing sides this is a bright spacious purpose built modern open plan restaurant. Inside seating for 80 plus a private south facing terrace for a further 20 outside give this business ample opportunity for further sales growth. Large fully fitted commercial kitchen with ample storage. All equipment, fixtures and fittings are owned outright and are included in the sale price.
Financial information
Weekly net sales over £10,000 with excellent GP margin of over 72%. Currently all from sit-in trade so potential to increase sales further with takeaway and delivery service via Deliveroo or Just eat.