Retail premises for sale in Oswald Street, Glasgow G1

Retail premises for sale
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Property description

Hilton Smythe welcomes to the market an exciting opportunity to acquire an exceptionally well run and performing, “turn key “specialist cake making business with an enviable reputation associated with a strong and consistent brand.

The business was started by our client almost 10 years ago and who has grown the business year on year to an impressive level, growing steadily with many loyal and repeat customers and it is only now being offered for sale as our client looks to concentrate on other business interests.

Designer Cupcakes offers bespoke cupcakes along with a cake design and manufacture service for all occasions. Each cake can be made to the customers own design and they can make it in any shape, colour and flavour. They supply cakes for Birthdays, Christenings, Weddings, hen parties, kids parties, champagne & cupcake parties, along with Christmas cakes and also supply cakes for Corporate clients such as Santander, Bank Of Scotland, Nick Nairn Cook School as well as offering the popular masterclasses in cake production & decorating.

The business further benefits from state-of-the-art equipment in the manufacturing workshop, helping to ensure a high quality, overall level of service and craftmanship to existing and potential clients. Designer Cupcakes includes an excellent website along with a tremendous following on Facebook & Instagram with the business benefiting from an ongoing steady order book for the new owner.

Our client has also indicated they are happy to offer a handover period as well to ensure everything is in place for the new owner.

We feel that there is scope to increase turnover and take the business to the next level by undertaking in: -

  • A robust marketing campaign to generate new contracts and orders

  • Expansion of the workforce to help accommodate new and ongoing contracts

  • Revised operating hours

  • The online presence could also be developed to offer an online shop for core products with a click & collect service.

  • Attending wedding exhibitions & trade shows to highlight the excellent products & services.

  • Wholesale opportunities, for coffee shops & sandwich bars in the city.

The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or a larger enterprise looking to increase its position and presence within the industry

A tremendous opportunity to own this turn key business, and early enquiries must come highly recommended to avoid disappointment.

Designer Cupcakes occupies a ground floor retail premises on the busy Oswald Street in the popular Merchant city area of Glasgow. The business is surrounded by a wealth of complimentary shops and businesses and greatly benefits from being situated within the student hub, resulting in a consistently high-level of passing trade.

The Merchant City area of Glasgow is a thriving mixture of university campus sites, financial offices, bars, restaurants, gallery’s, theatres & is easily within a few minutes’ walk from Princes Square Shopping Centre, Central Station, the St Enoch Centre, George Square in the city centre making the location of the business exceptionally attractive to potential purchasers looking for a city centre operation.

Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre. The city offers many amenities for a wide range of cultural activities, from curling to opera and ballet, along with major sporting & music events.

A mid parade single fronted retail unit briefly comprising:

Vibrant signage clearly visible to all passing trade

Modern well fitted office accommodation

Modern well fitted fully equipped kitchen area with ample preparation area

Various industry related equipment

Outside catering equipment

Ample storage

There has been a substantial refit of premises over the past year, resulting in a fresh modern feel to the premises, leaving little if anything to be done for a new owner

We are advised that tenure is leasehold

Rent is £5200 per annum

5 year lease with 4.5 years remaining

No rates

Opening hours 1000 – 1700 Monday to Friday

Potential for late opening one night a week

The business is run by the current owner.

Financial Profile
The business reported a turnover of approximately £50000 per annum with a net profit in the region of £25000 (Accounts will be available at stage 2 pf the sale process).

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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