Licensed Bar & Restaurant Business for Sale at Showcase Leisure Park, Coatbridge

Description

Fully Licensed Restaurant & Bar Opportunity - GlasgowPrime leisure park location close to major transport linksApproximately 150-cover restaurant and barExtensive customer parking and external seating areaEstablished year-round trading businessTurnkey opportunity with fixtures and fittings includedLeasehold interest available at offers around £35,000LocationThe business is situated within the established Showcase Leisure Park in the Bargeddie area, approximately 8 miles east of Glasgow city centre.The property occupies a highly accessible location adjacent to the A8 and close to the M73 Baillieston Interchange, providing excellent connectivity across Scotland’s motorway network.The leisure park is a well-established destination with neighbouring occupiers including Showcase Cinema de Lux, KFC, McDonald's, and Hollywood Bowl, generating strong visitor traffic throughout the year.PropertyThe premises comprise a detached single-storey licensed restaurant of masonry construction beneath a mansard-style roof.The property benefits from a secure rear service yard, front external seating area, and extensive customer parking. The premises are fully licensed to accommodate external covers.Internally, the restaurant is presented to a high standard and provides extensive dining accommodation capable of seating approximately 150 customers.The professional kitchen is fully equipped with commercial extraction systems, stainless steel preparation and washing facilities, and extensive storage and workspace. Additional facilities include chill rooms, cellar storage, ancillary areas, and staff welfare accommodation.Business OverviewThe Pictures Restaurant operates as a fully licensed Class 3 restaurant and bar and benefits from strong year-round trade due to its prominent location within the leisure park.The business currently trades Wednesday to Sunday and remains closed on Mondays and Tuesdays, offering potential for extended operating hours.The current owners are selling due to a change in personal circumstances, creating an opportunity to acquire an established and profitable hospitality business on a turnkey basis.The operation has developed a reputation for high levels of customer service and repeat business, supported by a loyal customer base.All fixtures and fittings are owned outright and included within the sale.TenureThe lease is available by way of assignation for the remaining term, expiring in 2032.Current annual rent is £60,000.An open market rent review is scheduled for 2027, at which point a tenant break option is also available. There may be an opportunity to extend the lease, subject to landlord approval.PremiumOffers in the region of £35,000 are invited for the leasehold interest, including goodwill, fixtures, and fittings. Stock will be available separately at valuation.Rateable ValueThe property has a Rateable Value of £94,000 effective from 1st April 2023.