Licensed Restaurant - Great Opportunity
Location United Kingdom
Asking Price Range $500K - $1.0M
Gross Revenues $780000
Net Profit / Cash Flow $20000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1995
Number of Employees 6 - 9
Inventory Included.
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Reason for Sale Diversifying into property.
Description Here is an amazing opportunity to cash in on Glasgow, Scotland's restaurant boom. We have a very popular restaurant with a large client base centrally located in the very heart of Glasgow (postal code G1) that is has the very unique advantage of being one of very few that is licensed to sell alcohol until 1am.
At night, especially on the weekends, it is heaving and the alcohol sales alone are very lucrative. There are 24 more years left on the lease and it is completely functional.
There already have been two offers of Aœ475,000 as the income potential is EASILY Aœ20-30,000 per week and with a remodel much higher. Additionally there is a new science industrial park opening nearby and over 200 luxury flats opening across the street in just 2 months. The income potential is amazing.
This is a unique opportunity as the owner is diversifying into property and wants to focus on this and use the Aœ's to purchase more property. Total square footage 145m2. Contact for more information on this Restaurant business for sale.
Click Here To Contact Seller
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