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Thriving Take Away & Sandwich Bar in City Centre

Glasgow, Glasgow City

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£77,000 +SAV

Ref: 14374 A

Leasehold

Overview

Hilton Smythe are delighted to bring to the market an opportunity to acquire a thriving and long-standing sandwich bar and hot food take away with an enviable reputation within Glasgow City Centre.

Madison’s has been trading for some 40 years and has been under ownership of our client for the last 10 years. It is only now that the business is on the market for sale as our client looks to take retirement.

The business prides itself on freshly cooked fayre and has an extensive menu to include, soups, hot and cold filled rolls with a selection of fillings, paninis, chips, burgers, baked potatoes, substantial all-day breakfasts, cold beverages and tea’s and coffee’s.

Along with the takeaway side of the business, Madison’s also offers a complementary small convenience store located to the front of the premises selling a range of confectionery newspapers, magazines and lottery tickets.

There is plenty of scope to further increase turnover with perhaps undertaking on a modest refurbishment to change the front area in to a sit in dining area, further expansion of the events catering side of the business, in addition to offering an online ordering service that has become popular.

The business is well established, has a great reputation so will appeal to a wide range of potential buyers. Early viewing is highly recommended

Turnover
The business reported a turnover in the region of £333,000 per annum.

The business is owner run and managed with 6 full time and 3 part time staff.

Monday to Friday 6.00 am - 5.00 pm
Saturday - Sunday - Closed

Madison’s hot food take away and sandwich bar occupies a substantial ground floor retail premises on the busy George Street in the Merchant city area of Glasgow.

The business is surrounded by a wealth of complimentary shops and businesses and greatly benefits from being situated within the student hub, resulting in a consistently high level of footfall and passing trade.

The Merchant City area of Glasgow is a thriving mixture of university campus sites, bars, restaurants, gallery’s, theatres and is easily within a few minutes walk from George Square in the city centre making the location of the business exceptionally attractive to potential purchasers looking for a city centre operation.

Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre. The city offers many amenities for a wide range of cultural activities, from curling to opera and ballet.

Substantial single fronted ground floor retail premises circa 90sq m briefly comprising:

• Convenience shop area
• Service counter
• Till point
• Confectionery display area
• 3 x large refrigerated display cabinets for beverages and sandwiches
• Rear service counter for the hot food take away area, with display and till area

Rear Shop

• Well-appointed commercial kitchen fitted with industry standard catering equipment
• Ample work surface area for food prep
• 6 burner gas hob with double oven
• Triple fryer
• Hot plate
• Freezer
• Triple sink
• Rear Office
• Storeroom with cold storage
• WC & Utility area with plumbed washing machine and dryer

Tenure
We are advised that tenure is offered on a Leasehold basis
10 year lease with 9 years remaining
Rent £23k PA

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