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Fantastic Sandwich/coffee Shop In Glasgow's West End For Sale

Glasgow, Glasgow City, UK
Asking Price:
£59,000
Sales Revenue:
£195,000
Cash Flow:
Available on request

Comet Pieces
150 Queen Margaret Drive, Glasgow, G20 8NY

• Fantastic sandwich shop/ café & takeaway opportunity
• Enviable west end trading position within busy retail parade
• Close to Byres Road, Botanic Gardens & Glasgow University
• Within desirable, affluent and stylish neighbourhood
• Turnover circa £3500-£4000 per week
• Full Class 3 hot food consent
• Currently run completely under management
• Potential to knock through to adjoining unit and double the size


THE BUSINESS/OPPORTUNITY

Comet Pieces was established approximately 3 years ago, and in this time has developed an enviable reputation for their signature hot and cold filled rolls, brunches, lunches, cakes and coffees & teas etc. The business is popular for sit-in as well as takeaways, and benefits from an online ordering app which works well.

The business enjoys a loyal and regular clientele, and has built up something of a cult following from the local residents, businesses and students etc as well as benefitting from the high levels of passing traffic and footfall and the surrounding amenities and attractions.

The business trades 7 days a week, 8:30am – 4:30pm and is run completely under management. It is felt that the business is ideally suited for a hands on owner operator who can continue to build on an already well performing business, and increase both turnover and profitability further.

There is potential to knock through into the adjoining unit, which is owned by the same landlord, which would double the floor space and create a much larger venue, should a new owner wish to do so.

Property Information

Property:

Leasehold

Lease Terms:

The subjects are currently held on a 15-year full repairing and insuring (FRI) lease from 3rd August 2017, with a current passing rental of £10,000 per annum subject to 5-yearly reviews. The rent will increase to £11,000 per annum from 3rd August 2022 and then to £12,000 per annum from 3rd August 2027.

Leasehold Rent:

£10,000 per annum

Location:

The subjects benefit from a prominent trading position within a popular and bustling retail parade on Queen Margaret Drive in the North Kelvinside area within Glasgow’s fashionable & vibrant West End. Queen Margaret Drive forms part of the B808 road which links with Byres Road, and benefits from high levels of passing traffic and footfall, joining Great Western Road in the south with Maryhill Road in the north.

Queen Margaret Drive is home to a good mix of predominantly local retailers, providing a good selection of shops, trendy boutiques, cafes and pubs as well as a Tesco Metro supermarket, ensuring the area is a hive of activity throughout the day and evening.

The neighbourhood is a mixed commercial, shopping and residential area, and its proximity to the University of Glasgow has meant that the surrounding area is very bohemian, with a large student, academic and artistic population. The subjects also benefit from their close proximity to Glasgow’s Botanic Gardens.

Premises Details:

The subjects are accessed via a door positioned to the left-hand side of the large display frontage with prominent signage and retractable awning above. There is a small pavement seating area to the front.

Internally, the premises were refurbished in 2018 and have been designed and fitted to a high standard, in a quirky, stylish fashion, making good use of original features such as high ceilings, exposed brick walls and wooden floorboards.

Seating is currently provided for approximately 12 customers, (although this could be increased slightly), by way of a stunning, L-shaped, hand carved wooden bench seat in the window with loose tables and stools, as well as wall mounted tables and stool seating on either side. The counter/servery is positioned to the rear of the customer area and is home to the coffee machine, till system and under counter fridges, as well as stylish gantry shelving to the rear.

ANCILLARY AREAS
• Well fitted catering kitchen
• Staff WC

Business Operation

Expansion Potential:

There is potential to knock through into the adjoining unit, which is owned by the same landlord, which would double the floor space and create a much larger venue, should a new owner wish to do so.

Other Information

Related Documents:

Contact Smith & Clough Business Associates

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