Situated between Barrhead and the small mining village Hurlet on the busy Glasgow Road. The Waterfront Bar & Restaurant is a fantastic leasehold business opportunity for an operator with experience in food, drink and venue hire. Available on a lease with new and favourable terms as our client’s main business is in another sector and requires his full attention at this time
- Asking Price:
- £150,000 Furniture / Fixtures included
- £200K - £500K
- Net Profit:
- Available on request
- Leasehold Type:
- Lease Terms:
Overall term to be negotiated. Subject to 3-yearly reviews.
- Leasehold Rent:
£48,000 per annum
Situated between Barrhead and the small mining village Hurlet on the busy Glasgow Road. Set in between Hurlet Crematorium and St Conval's Cemetery. Glasgow road is the main connection between Barrhead and the Glasgow area.
- Premises Details:
Renovated to a high standard. The 100 cover premises is split into 2 areas separated by a large and well equipped kitchen and recently renovated toilets. There is a smaller bar area with 40 covers, the larger restaurant space seats 60 and 100-120 on venue hire. Modern decor and very attractive bar areas with ample space to service venue hire and restaurant.
- Expansion Potential:
Business has huge opportunity for a hands-on operator looking to take the business to another level. Easily £20k per week minimum turnover is achievable with in increase of marketing and physically being there to operate. Current owner has multiple businesses and spread thin although still investing in the Waterfront.
- Competition / Market:
10 minutes south in Barrhead there is the Dalmeny Park House Hotel and various other eateries. The main benefit of Waterfront is that it is stand-alone, and whilst it operates as a Bar & Restaurant, it is also very popular with functions such as funerals and birthdays.
- Reasons for selling:
Current owner is also operating. He has multiple businesses and his core business is in a completely different sector. He is not able to commit as much time as he would like to grow the business to it's full potential.
- Trading hours:
- Support & training:
Owner happy to handover to new operator over a period of time to learn the business and get to know the staff.
- Financing available:
We have a number of finance options available and happy to recommend.
- Furniture / Fixtures value:
- £75,000 - included in the asking price