Introduction
MBE Glasgow City offers a fantastic opportunity to purchase an existing, well established and highly profitable city centre business. Operated by the existing franchisee for 13 years, the business has delivered an average net profit of £120,000 per annum over this period.
Currently operated by 1 person (The Franchisee) there is much scope to expand the business which is superbly located in Glasgow City Centre.
Recent Business Performance
Turnover increased by 18% (2021 v 2022)
EBITA increased by 6% (2021 v 2022)
January 2023 + 35% year on year turnover increase
February 2023 + 10% year on year turnover increase
March 2023 + 50% year on year turnover increase
The franchise is a past Franchise of the year award winner
Staffing
The business has been successfully operated solely by the owner for the past 12 years. Average working week is just 50 hours. Shop opening hours 9am – 5pm Monday to Friday, Saturday 9am – 12 noon.
Greater Glasgow has a population of 1.8 million There is a population of 600,000 within an 8 mile radius of the store Population increased by 0.8% 2022 v 2023. The store is arguably located in one of the best mixed use business streets in the city centre.
