Restaurant/cafe for sale in Glasgow, Glasgow G1

£300,000
Restaurant/cafe for sale
Interested in this property? Call +44 131 268 9615 * or Request Details

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Property features

  • Desirable bar with seating for 120 customers, a capacity of 250 customers, and a delightful courtyard area
  • Adjusted Sales Profits of approx £121,656.00 per annum approximately
  • Enviable location and an excellent reputation
  • Operates 7 days a week, management run, retirement sale, viewing recommended

Property description

Reference - 46845

Description
Bar Square is well located on Bell Street in Glasgow’s Merchant City, in the centre of Glasgow.

The business operates 7 days a week throughout the year, offering an excellent range of food, world beers, wines and spirits.

Bar Square is an extremely well run business that has been owned by the current proprietors for over 18 years.

Bar Square is the Merchant City's most popular venue, which features a massive indoor courtyard, and boasts cafe style outdoor seating perfect for those warm summer months.

The business has been placed on the market due to the current proprietor’s impending wish to retire from the licenced trade.

Sales
Current sales average £813,000 per annum approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
The business trades Monday to Sunday from 09:00 to 00:00.

Staff
The business is fully managed with a team of full time and part time members of staff.

Building External
The front of the property leads straight to Bell Street. The main entrance is from the front, which in turn leads in to the public bar area. The property is a corner unit set over the ground floor.

Access to the Merchant Square Court Yard is from the rear of the premises, which in turn gives way to a courtyard seating area.

Building Internal
On entering the bar, you are welcomed into a traditional and well presented area.

The bar benefits from having wooden flooring throughout, and is well furnished with modern styled tables and chairs, together with upholstered booths.

Internally the premises are presented in good condition with seating for approximately 120 persons and an overall capacity for 250 customers.

To the rear of the bar you will find a commercial kitchen. The kitchen is fully equipped with modern appliances, which are well maintained and serviced.

To the right of the bar you will find large concertina doors leading to the courtyard seating area. The courtyard is well furnished with modern styled tables and chairs, capable of sesting in excess of 50 people.

Residential Accommodation
There is no residential accommodation for owners or management available.

Tenure
The current lease expires in 2038 with an initial rent of £80,000. We are advised this is reviewed every 5 years, with the next review in 2022.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
The sale of Bar Square offers an excellent opportunity to purchase a very well run and highly profitable bar and kitchen. The property benefits from its excellent location, within one of Glasgow’s most popular entertainment settings. A viewing is highly recommended.

Arrange Viewing

For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company 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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