Restaurant for sale

86 Gallowgate Street - KA30

£275,000

Property Description

Commercial information

  • Business for sale

Key features

  • 52 Covers
  • Exemplary Reviews
  • Seafront Location
  • 2 bed flat with Seaviews

Full description

Tenure: Freehold

Description
Bruce and Co. are delighted to introduce to the market Morris’s Steakhouse, a well-established restaurant located in the pretty coastal town of Largs. The business was established in 1987 with our client taking over 30 years ago and it has been trading very successfully under his caring ownership. The business is presented to a high standard and benefits from much repeat custom from local residents as well as diners who travel from surrounding areas on the west coast. A large portion of custom at Morris’s Steakhouse is also derived from visitors to the area due to its location on the seafront in the popular seaside town of Largs. Despite the restaurant’s current success, there is still further potential to increase turnover considerably as the business is being managed at a comfortable pace to suit our clients’ lifestyle offering huge scope for improvement. In addition, there are opportunities to increase marketing which should contribute to a rise in turnover, although the business does benefit from its own informative website http://morriss-largs.moonfruit.com.

Trading Hours
Mon-Sun 11.00-23.00

Situation
Morris’s Steakhouse is perfectly situated on the main street in the popular coastal tourist town of Largs. Largs is an extremely desirable seaside town in Ayrshire in the West Coast of Scotland and attracts a large number of tourists to the town throughout the year. The town provides excellent local shopping, restaurants and bars as well as schooling at both primary and secondary level. Those venturing outside the main town centre can enjoy attractions such as Vikingar and Kelburn Country Park and the Largs Shorefront provides a range of amusements. This region of West Scotland is an ideal base for the outdoor and sports enthusiasts with an abundance of golf courses to suit all levels and abilities and Largs Yacht Haven which offers access to the renowned sailing waters of the West Coast. The town benefits from good access to all major road networks and is in close proximity to both international airports at Glasgow and Prestwick. A direct train service operates several times daily to Glasgow Central Station making Largs an excellent commuter base as well as a popular seaside town. In addition to its excellent road and rail links, Largs also provides a regular ferry service to the Isle of Cumbrae otherwise known as Millport.


Building Internal
The business premises occupy the ground floor of a terraced property located on the main road into the centre of Largs. This attractive property is of traditional white stone appearance and has been extremely well maintained throughout. The premises comprise of a reception hallway with reception counter. The two dining areas are located of each side of the hallway benefitting from sea views in both areas. The dining area to the right has covers for 26 and is furnished with fixed high backed cushioned seating along with modern cushioned chairs and a feature marble fireplace. The bar is also in this area as are customer WC facilities. The dining area to the left looks out across to Millport and this area also has covers for 26. The fully fitted and well-presented kitchen is located to the rear of the property and is equipped with all necessary tools and equipment required for this type of operation. The equipment, mostly modern, is of an excellent standard and has been extremely well maintained.

Residential Accommodation
The owner’s accommodation is a particularly attractive aspect of this sale as it currently comprises of 2 bedrooms, large shower room, living room and large enclosed balcony looking out over to Millport but due to the layout of the overall property there is flexibility to utilise some of the rooms as additional bedrooms and it could easily accommodate a family operation. This is available under separate negotiation.


Building External
The property is straight to street with some on street parking available but also the main car park on the promenade is located directly across the road.


Services
The property has mains water, oil, drainage and electricity.

License
The business trades with the benefit of a full license.

Trading Figures
Our clients enjoy a very comfortable living based on current figures and turnover figures will be made available after a formal viewing has taken place.


Summary
Morris’s Steakhouse offers an excellent opportunity to purchase a fantastic business with fine dining awards and an exemplary reputation. Early viewing of this well presented seaside business is essential!

Price
Offers around £275,000 are saught for the freehold. The business is also available on a leasehold basis at offers over £125,000 for the leasehold, fixtures, fittings and goodwill. £19,200 PA rental. Stock in trade will be additional at valuation.

Viewing
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.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact our offices on 0131 314 0660.


Nearest stations

  • Largs (0.2 mi)
  • Fairlie (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Largs (0.2 mi)
  • Fairlie (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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