Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Fantastic Cafe/Hot Food Takeaway In Glasgow City Centre For Sale

Glasgow, Glasgow City, UK
Asking Price:
£39,000
Turnover:
Available on request
Net Profit:
Available on request

The Criterion Café
46 Gallowgate, Glasgow, G1 5AB

• Fantastic Café/ hot food takeaway opportunity
• Long established business of over 70 years
• Prominent city centre trading position in busy commercial area
• Densely populated residential area. New residential & student accomm.
• Recently refurbished to good standard. 36 covers
• Ideal opportunity for an owner/operator
• Low rent and zero rates

The business

The Criterion Café has been trading from this location for over 70 years and is therefore extremely well established and something of a Glasgow institution.

The business sells a good selection of hot and cold snacks and drinks, breakfast and lunch dishes including full Scottish breakfast, filled rolls, burgers, paninis, toasties, baked potatoes etc, as well as a selection of pizzas and fish & chip shop dishes.

The business is well placed to take advantage of the high volume of local residents and students, surrounding businesses and workers etc, as well as benefitting from passing trade, as well as high levels of football fans on Celtic matchdays.

The business trades 9am-5pm, 7 days a week.

Due to our clients other business commitments the business is run completely by staff and it is felt the business would benefit from a more hands on owner operator who could focus on the business, possibly increase opening hours, and push deliveries etc.

Property Information

Property:

Leasehold

Lease Terms:

The subjects are currently held on a 10-year sub-lease from January 2022 expiring in January 2032 with a current passing rental of £7800 per annum. There is a rent review at year 5 where the rent will increase by 10%.

Leasehold Rent:

£7,800 per annum

Location:

The subjects benefit from a highly prominent trading position on Gallowgate, close to its junction with High Street at Glasgow Cross, in the beating heart of Glasgow City Centre.

The surrounding area benefits from high levels of footfall and passing traffic throughout the day and evening, being positioned just off Glasgow Cross and only a short walk from the bustling Trongate and the stylish Merchant City.

The surrounding area is densely populated with a good mix including young professionals and students, with a number of modern residential and student developments nearby, and also benefits from the high number of surrounding shops, offices and licensed premises.

Nearby operators include Tesco Express, Dominos, Subway, Chrystal Belle & Co, Maggie Mays and Bucks Bar to name a few.

The business also benefits from its close proximity to the Barras Market, the Barrowlands concert venue, and Celtic Park.

Glasgow is located in the West of Scotland, 40 miles west of Edinburgh. It is the 4th largest city in the UK and the largest in Scotland, with a population of circa 600,000, however there are around 1.2 million people in the Greater Glasgow urban area.

Premises Details:

The subjects are accessed directly from Gallowgate via a doorway positioned within the large display frontage with prominent backlit signage above. The subjects benefit from steel security shutters and a cctv system.
Internally, the premises have recently been refurbished and have been designed and fitted to a good standard. The counter servery is positioned to the right-hand side of the unit and incorporates a serve over display chill counter. To the rear of the counter there is a range of equipment including coffee machine, panini grill, 2x undercounter fridges and an upright drinks fridge.
Seating is provided for approximately 36 customers by way of fixed booth seating.
Ancillary areas
A large back shop area is home to the main kitchen which benefits from a good range of catering equipment including a hot plate/griddle, double & single fryers, small twin deck pizza oven, microwave, toaster etc as well as stainless steel workbenches, fridges and freezer, and dishwasher.
The back area also benefits from a storeroom and a staff toilet.

Business Operation

Years established:
70 years

Other Information

Related Documents: