| (REF: 2955) Thriving Public House in Glasgow |
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| Seller Reference: |
2955 |
| B4S Reference: |
32403 |
| Asking Price: |
£69,999
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| Net Profit: |
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| Sales Revenue: |
£360,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Glasgow City Centre, Glasgow, United Kingdom |
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Preferred Commercial is delighted to offer for sale this thriving public house, which was established in the 1940s and which has been in our client's careful hands since 2006. The pub is only now offered to the market due to our clients' other business interests. The business trades 7 days a week and generates a turnover in the region of £360,000 per annum with a gross profit of 54%. Pandora Bar offers a good selection of beers, fine wines, spirits and traditional pub food. We feel the turnover could be further increased by embarking on a modest marketing campaign and perhaps from the introduction of a website advertising the business and services provided. There is also scope to extend the range of entertainment nights hosted. The pub is well-supported by the local community and enjoys a loyal customer base. Our client has gained an excellent reputation and is renowned for providing a friendly atmosphere. The property has been fitted to a high standard and well-maintained throughout. This is an ideal opportunity to acquire an already busy pub in such a desirable location. Early negotiations with Preferred Commercial must come highly recommended.
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Property: |
Leasehold |
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Lease Terms: |
Leasehold
Original length: 10 years
Remaining: 4 years
Review: every 5 years
Rent: £32,000 per annum |
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Current Rent: |
£32,000 per annum |
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Living Accommodation: |
No |
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Details of Accommodation: |
Substantial corner lock-up public house premises on a busy crossroad. Briefly comprising:
Ground Floor
• Bar/lounge with a range of perimeter seating, large projector TV, flat screen TVs, 2 x electronic games machines, juke box and quiz machine
• Bar servery with 12 points of dispense, 5 x drinks chillers, glass washer, coffee machine, electronic cash register and sink
• Ladies and gents WCs with wash hand basins
• Disabled WC with wash hand basin
• Commercial kitchen with stainless steel work surfaces, 2 x double fryers, grill, hot plate, 4-burner gas hob and oven, sandwich grill, 3 x microwave ovens, 3 x refrigerators, freezer, Bain Marie, plate warmer, dishwasher, preparation area and sink
• Storeroom with 3 x chest freezers, spirit cupboard, staff WC with wash hand basin and cellar
External
• Rear access to service lane |
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Location: |
Pandora Bar occupies substantial lock-up corner premises, ideally located in a prominent trading position in a sought-after area of Glasgow. The premises are surrounded by a mixture of residential and commercial properties. There are a number of amenities nearby including, Langside College Govanhill Campus and a number of schools. The area enjoys excellent public transport links with regular buses serving the area and a number of railway stations within easy walking distance. The business benefits from a high footfall and much passing trade. The premises are easily accessed via the A-road network and the area is well-served by a number of motorways which run close-by. Central Glasgow is a mile and a half away and possesses a wealth of complementary shops, businesses and attractions. The area is popular with commuters, due to excellent road and rail links with the city centre and is also a desirable place in which to live. Glasgow is the largest city in Scotland and is steeped in history. Paisley lies approximately 7 miles to the west, while East Kilbride is 10 miles away. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Mon - Thurs: 11:00am to 11:00pm
Fri - Sat: 11:00am to 12:00am
Sun: 12:30pm to 11:00pm
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