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The Croft Bar & Restaurant, 22 Lugar Place, Glasgow, G44 5HB

Offers Over
£1,350,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Hospitality facility for sale

Key features

  • Established licensed venue
  • Purpose built public bar and restaurant
  • Recently undergone full refurburbishment
  • Good mix of wet and food sales
  • Attractive to regional operators
  • Energy Rating E
  • Christie & Co Ref: 6854059

Description

Description

The Croft Bar and Restaurant is a detached brick-built property featuring a pitched and tiled roof. It boasts a standout corner position, instantly recognisable from the main road. The exterior is attractively painted, with separate entrances for the public bar and the restaurant at the front. There is also a glazed canopy at the public bar entrance, which serves as a smoking area.

Location

The Croft Bar and Restaurant is located in the Southside of Glasgow, prominently positioned on Lugar Place within Croftfoot. While it is tucked away from the main thoroughfares, it remains a well-established venue cherished by locals and known widely across Glasgow and the surrounding areas. Croftfoot is a residential area close to Glasgow city centre, bordered by Castlemilk to the south, King's Park to the west, and the Rutherglen areas of Spittal to the east and Bankhead to the north.

Internal Details

Both the Public Bar and the Restaurant are located on the ground floor, each with separate entrances to the front.

Public Bar: The Public Bar is in first class order, with the gantry stretching along the side upon entering. The bar features a selection of fonts on the servery, a fully stocked gantry to the rear, and adequate refrigeration and coolers underneath. Bar stools are positioned to the front of the servery. The main seating area is partially separated from the servery by wall seating and free-standing tables, chairs, and stools. Carpeted throughout, the bar is equipped with several flat-screen TVs strategically placed to allow easy viewing of various sporting events.

Restaurant: The Restaurant is well furnished and presented in first class order, underscoring its reputation as a hidden gem'. A bar servery is located to the rear wall, with the main seating area directly to the front. Fully refurbished, the restaurant offers seating for approximately 70 guests with well-positioned tables and chairs, as well as three moveable booths that can be repositioned to change the layout and appeal depending on the occasion.

Ground Floor

Kitchen: There is a full catering kitchen well-positioned to serve both the bar and restaurant.
Toilets: Both ladies and gents toilets are centrally positioned.
Cellar: The cellar is located within the basement.

Fixtures & Fittings

The entire venue has been meticulously fitted out, and a trade inventory will be provided as part of a due diligence process.

Community and Family Legacy

The Croft Bar and Restaurant is more than just a business; it has been a vital part of the community and a proud member of the Lisini family for decades. The Hood family's commitment to exceptional service and creating a welcoming atmosphere has made the croft a beloved venue. It has hosted countless gatherings, celebrations, and sporting events, fostering a strong sense of community. The sale of The Croft presents a unique opportunity to continue this legacy of hospitality and community engagement.

External Details

There is a large car park to the rear of the property offering spaces for approximately 30 vehicles.

To the front there are paved areas allowing plenty of space to display planters and various floral displays etc.

The Opportunity

The Croft Bar and Restaurant is part of the Lisini Pub Company, a family-owned business that has been a cornerstone of the local community for many years. The Croft has been in the capable hands of the Lisini family, known for their dedication to quality service and hospitality. After a spell as a leased property, it was brought back into the company fold as a managed house, where it has since flourished. The Croft has earned a stellar reputation for its high-quality food and exceptional service, making it a beloved spot for locals and visitors alike. Frequently described as a hidden gem in the Southside, The Croft offers a warm and inviting ambience with a mix of traditional, sporty, and communal atmospheres, making it a place to enjoy any time of the day.

Staff

The business is operated on a management basis, with a manager and a pool of full time and part time staff. Staff list will be provided to genuine interested parties as part of any due diligence process.

Trading Information

The financial year-end for the business is March and the turnover for 2024 was approximately £1,400,000 net of VAT. The trade split is almost 50/50. Full certified accounts will be made available to genuinely interested parties after formal viewing.

Trading Hours

The business trades 7 days.

Business Rates

The Rateable Value is £53,500 with effect from 1 April 2023. Confirmation of actual business rates payable should be obtained from the Local Authority.

Regulatory

Premises License.

Energy Performance Certificates

EPC 1

Brochures

The Croft Bar & Restaurant, 22 Lugar Place, Glasgow, G44 5HB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Croftfoot Station0.2 miles
  • Kings Park Station0.8 miles
  • Burnside Station0.9 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 6854059-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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