Upmarket Café, Takeaway & Outside Catering Business, Glasgow City Centre 2612

Leasehold £250,000

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This is a rare opportunity to acquire a high quality and very successful café, takeaway and outside catering business in the heart of Glasgow's new city centre business district.

Net sales for the year 31 March 2019 £638,000 with excellent gross and net profit margins.

Superbly fitted spacious premises with ample seating for 66 across ground floor, mezzanine and beautiful basement levels.

Business, leasehold interest, fixtures and fittings for sale at offers over £250,000 plus stock at valuation.


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Type of business
This is a superb opportunity to acquire a highly successful café fitted to a superb quality standard throughout. Viewing is very highly recommended. This business has been growing year on year and in the year ended 31 March 2019 net sales were £638,000 from only Monday to Friday daytime trade. The area is experiencing significant development creating new high quality offices for over 10,000 staff which will provide extra footfall for further growth as shown on the attached overview. This is a rare opportunity for those looking for a profitable quality operation with significant growth potential in Glasgow city centre. The café offers a modern attractive environment with seating for 66 covers inside together with large buffet and counter areas and a 8 covers outside. The business also provides an upmarket outside catering service to many blue chip clients in the city centre. Approximately 30% of sales are outside catering which maximises the use of the kitchen facilities out with peak lunchtime hours.
Opening hours
7.30am - 4pm Monday to Friday.
Staff
The business is run fully staffed with 16 full-time and part-time staff.
Tenure
Leasehold. Rent £38,000 per annum plus VAT. Rateable value £16,400.
Premises
The premises are superb modernised unit extending to 289m2 (3,052sqft) with a broad double fronted and encompassing ground floor, mezzanine and spacious basement levels. This is a busy and very up and coming area of Glasgow city centre. The property is in first class condition with modern lighting, reversible AC/heating system, high quality equipment and fixtures and fittings throughout.
Financial information
Net sales for the last year were £638,000 with gross profit margins of over 67%. The sale price includes all equipment, fixtures and fittings. Further financial information can be made available to serious interested parties after viewing.