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Restaurant for sale

10-12 The Cross - KA9


Property Description

Commercial information

  • Business for sale

Key features

  • Enviable Location
  • Excellent Reputation & Reviews
  • 48 Cover Restaurant
  • Well Established

Full description

Tenure: Leasehold

Bruce and Co are delighted to introduce to the market ‘Reds Restaurant’. The business has been under our clients’ ownership for 7 to 9 years and they have chosen to place the business on the market due to their need to relocate. The business has established an excellent reputation for lunch and dinner service in a warm and welcoming environment and offers traditional home cooked food. The business is presented to a high standard and needs no further work before new owners could commence trading. Although trading well, the business still has potential to increase turnover with additional marketing and increased opening hours and could also be changed to another style of restaurant very easily with minimum work. The current owners now have an alcohol licence.

This Prestwick Main Street business offers ease of access to the main road networks and it is only a short walk to reach the promenade, seafront and beach. Prestwick is a well populated residential area and has a vibrant main street with a number of independent retailers, coffee shops, bars, restaurants and supermarkets are close by and the town offers both primary and secondary schooling. With all of these excellent amenities and facilities it is no wonder that Prestwick is a popular tourist town also benefiting from the close proximity of Glasgow/Prestwick International Airport. As well as being a well populated residential area with great transport links by rail and road into Ayr and Glasgow City Centre.

Building Internal
The business premises occupy a single storey traditional terraced property. The restaurant easily accommodates 48 covers in total and is furnished with traditional wooden tables and cushioned chairs. Access to the business is via the Main Street and the business benefits from display windows which provide plenty of natural light in the dining area. Externally the property is well presented with a bright appearance and attractive frontage. A fully equipped commercial kitchen, toilets and storage areas are located to the rear and there is also delivery access by the back door. The premises are presented in excellent condition with all necessary equipment and facilities required for a restaurant operation.

Owner run with part time staff.

Trading Hours
Wednesday - Thursday 12-10
Friday 12-11
Sunday 12-8.30

Building External
The property is straight to street with parking in the surrounding area.

The property has mains water, drainage, gas and electricity.

The current vendors own the property and are willing to grant a lease with rental of £1300 pm with the term negotiable.

Full alcohol Licence

Trading Figures
Full trading figures will be provided once a formal viewing has taken place.

Reds Restaurant, Prestwick presents an excellent opportunity to purchase a well established and highly successful business with huge potential to increase revenue. Early viewing is essential to fully appreciate this exciting venture.

Offers over £49,995 are sought for the leasehold, fixtures, fittings and goodwill. Freehold is also available. Stock in trade will be additional at valuation.

Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Call to action
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 477 6060

Map & Street View

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