Coffee Shops for sale in Glasgow

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Exceptional Coffee Shop in Glasgow City Centre

Glasgow, Glasgow City, Scotland

  • Leasehold Price: £135,000
  • Annual Turnover: £395,173
  • Annual Gross Profit: £288,929
Seller Reference: Cafe Wander
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: Cafe Wander
Request Details
Business Description
Café Wander
110 West George Street, Glasgow, G2 1QJ

• Long established & well performing coffee shop (48 covers)
• Prominent City Centre trading position, close to Buchanan Street & Queen St/Central stations
• 2019 Sales £395,173 net of VAT
• Gross profit £288,929 (73%)
• 6-day trading, daytime hours only. Potential to increase
• Full Class 3 consent
• Size 102.65 SqM (1,104 SqFt)

LOCATION
Café Wander benefits from a prime trading position on West George Street, between the junctions of Renfield Street and West Nile Street, in the heart of Glasgow City Centre.
The subjects are in the middle of one of the busiest commercial areas of the City with a huge number of offices, shops, bars and restaurants in the immediate vicinity. The subjects are only a short distance from Buchanan Street, the city’s main pedestrianised retail thoroughfare, and is home to many of the leading high street and designer brands as well as House of Fraser, Buchanan Galleries and Princes Square Shopping Centre. The subjects are also only a short walk to both Queen Street and Glasgow Central Stations, and as such, benefit from high levels of footfall throughout the day and evening.
Glasgow is located in the West of Scotland, 40 miles west of Edinburgh. It is the 4th largest city in the UK and the largest in Scotland, with a population of circa 600,000, however there are around 1.2 million people in the Greater Glasgow urban area.
Glasgow attracts high levels of tourism each year, with a huge number of attractions and amenities including the Kelvingrove Museum & Art Gallery, The Riverside Museum, The Botanic Gardens and Glasgow Science Centre to name a few. The city is a cultural hub, with a number of theatres and concert venues including the Hydro, which regularly plays host to many of the biggest concerts and live shows.

THE PROPERTY
The subjects comprise the lower ground floor of this traditional, 4-storey, blond sandstone property, all under a pitched roof.

DESCRIPTION
The subjects are accessed directly from West George Street, via a stairway leading down to the lower ground floor entrance. The subjects benefit from prominent signage which is visible from street level, and large windows to the front, providing lots of natural daylight, and giving views from the café onto the street.
An attractive vestibule leads into the café premises, which have been designed and fitted to a high standard and provide a warm, homely feel, with a travel theme. A bookcase displays a wide range of travel books, and the walls are adorned with artwork which is displayed and sold on behalf of local artists.
There is seating for approximately 48 customers by way of comfy banquet seating, loose tables and chairs, and high stools round the window.
To the rear of the seating area, there is a large counter/servery, incorporating a serve over chill counter, displaying a good selection of freshly made sandwiches, cakes, homebaking etc. There is also a large chill, display cabinet for customer self service for soft drinks, fruit and confectionary.
To the rear of the counter there is a range of equipment including EPOS till system, coffee machine & bean grinder, fresh orange juicer, panini grills, soup kettles, toaster, ice machine and undercounter fridges. There is also a service hatch linked to the kitchen.

ANCILLARY AREAS
• Well-equipped catering kitchen
• Separate, fully fitted dishwash area
• Male & Female toilets
• Dry store
• Ancillary storage areas
• Rear access to bin area

THE BUSINESS
Café Wander was established approximately 15 years ago, and is therefore well established in the City Centre and enjoys a loyal and regular customer base from the surrounding offices and shops, and is supplemented by the high levels of tourists, day trippers and shoppers who flock to the city throughout the year.
Café Wander enjoys a tremendous reputation and serves a good selection of hot and cold drinks, cakes and home baking, as well as an extensive breakfast and lunch menu, with a good selection of hot and cold sandwiches, snacks and meals, which are freshly made on the premises. This reputation is reflected in their strong online and social media reviews, which include a 4.5/5 rating on Trip Advisor and 4.6/5 on Google.
The business also provides some outside catering to local businesses, however it is felt that this is an area of the business that offers huge growth potential.
The business trades Monday to Friday, 7:30am-5pm and Saturday, 9am-5pm, closing on a Sunday, and it is felt that there is further potential to increase turnover by extending opening hours and opening on a Sunday, should a new owner wish to do so.

TRADING INFORMATION
Accounts for the year ending May 2019 show a turnover of £395,173 net of vat, producing a gross profit of £288,929 (73%), and an exceptional net profit. Full accounting information can be made available to interested parties, only after formally viewing the business.

Tenure:
Leasehold
Location Details:
Café Wander benefits from a prime trading position on West George Street, between the junctions of Renfield Street and West Nile Street, in the heart of Glasgow City Centre.
Leasehold Term:
The subjects are held on a new 10-year full repairing and insuring (FRI) lease from July 2019, with a current passing rental of £24,288 per annum, subject to 5 yearly reviews. There is also a tenant only break option at Year 5.
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