Byres Road, Glasgow, G11
- SIZE AVAILABLE
2,600 sq ft
242 sq m
- SECTOR
Restaurant for sale
- USE CLASSUse class orders: Sui Generis
sui_generis_3
Key features
- High Specification fit out, needs to be seen to be appreciated
- Wet-led, with huge growth potential for food
- Leasehold with a long lease remaining on good terms
- Over £800,000 turnover in first year and growing
- Caribbean themed concept aimed at the West End's student population
- Bust, Student Area right across from the University of Glasgow
Description
Rum Bongo is a Bar-Restaurant, fully refitted to an extremely high standard 1 year ago It's a prime corner unit on Byres Road, one of the main thoroughfairs in Glasgow's West End and hub of student activity.
- Rent: £60,000 ( VAT)
- Rateable Value only £25,600
- 18 years remaining on the lease
- 100 covers 260 license capacity, 1:00AM license
- Fully fitted substantial kitchen
- 70:30 Wet:Food split
- Beer tie with an option to remove
- Over £50,000 of fixtures & fittings
The business has built a strong trading history in a relatively short space of time. This is down to multiple factors such as location, quality of fit-out, concept and the carefully curated food & drink offering. Despite multiple hurdles during the past 12 months, such as extensive road improvement which had an effect on many businesses including RUM BONGO - the business has grown in reputation.
With the works complete, the frontage has become even more pleasant and better suited for customers. Students are primed to return next month, now is the perfect time to take the business on for growth. This business is a fantastic base for both an experienced and new operator in the sector. The University of Glasgow has been undergoing a £1 Billion development of a new Campus. This will bring even more students, and guarantee a higher footfall to an already busy area of the West End.
Strong trading history. Detailed financials are available upon request. Viewings strictly by appointment only, please do not approach staff directly.
Brochures
Byres Road, Glasgow, G11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kelvinhall Station0.1 miles
- Hillhead Station0.3 miles
- Partick Station0.4 miles
Notes
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