SOLD – Obu Pan Asian 2564

Leasehold £ SOLD

Spacious, popular licensed restaurant on the food level of the prestigious Princes Square shopping centre in the heart of Glasgow city centre’s retail area

Well fitted and equipped this open plan and spacious restaurant is well situated for lunchtime and evening trade

Net annual sales £460,000 Spacious 114m2 (1,204sqft) restaurant with additional 24m2 (253sqft) store room upstairs

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Type of business
This is an excellent opportunity to acquire a successful modern licensed restaurant with spacious premises in a prime city centre location. The restaurant offers a popular and attractive environment for customers on the food court, second floor level within Princes Square. It benefits from seating onto the open atrium of the centre and also windows on Buchanan Street. Currently providing popular Pan Asian cuisine the business is an easily managed operation ideally suited to an owner manager with staff.
Opening hours
12noon - 10pm Mon - Thurs until 11pm, Fri - Sun.
Staff
8 - 10 full-time and part-time staff.
Tenure
Leasehold. Total rent £47,500 per annum. The leases runs until 2024 with a tenants option to extend for a further 10 years. There is also a centre service charge for common utilities, waste collection, insurance, security, Xmas decorations, cleaning, etc of around £22,300 per annum. Rateable value for café £33,750 and store £2,300
Premises
The premises are a bright highly visible unit located right at the top of the escalator to the second floor food court within Princes Square in the heart of Glasgow city centre. Princes Square is Glasgow’s premier up market shopping centre filled with a wide range of quality retailers. Extending to 114m2 (1,204sqft) restaurant is mainly open plan running from the beautiful open atrium at the heart of the centre to large picture windows facing onto Buchanan Street. Also has 24m2 (253sqft) store room within the building. The unit has its own disabled access toilet and further toilets are available within the centre.
Financial information
Annual net sales of £460,000.