For Sale
Well established Cafe business for sale
Glasgow,
- Asking Price: £24,995 +SAV
-
Turnover:
We are advised as per the 2019 accounts, the business generated a turnover in the region of £45,000, with an adjusted net profit in the region of £15,000. Full financials can be made available upon further request.
Please quote reference B06561
- Tenure: Leasehold
Please quote reference B06561
Hilton Smythe is delighted to present to the market Coorie Cafe, a very popular and well situated daytime cafe business located within this bustling area on the outskirts of Glasgow.
Coorie Cafe (previously named the Traders Pit Stop) was purchased by our client 3 years ago who completely transformed the tired cafe to allow the business to attract a more diverse customer base. The ‘turn-key’ business opportunity is now being offered for sale due to the other career interests of our client, who is now looking for a quick sale to allow her to concentrate on this new career.
Coorie cafe currently concentrates on the breakfast and lunchtime menu trade, however any new owner could take advantage of the increasing activities within the area which occur in the evening.
A full breakdown on all equiptment included can be made available upon further request.
The cafe offers the following menu -
- Hot drinks - from Americano’s to Chai tea lattes, teas & hot chocolates
- Cold drinks - from smoothies, protein shakes & soft drinks
- Breakfasts - from filled rolls, build your own, Mediterranean, breakfast burritos, porridge or homemade granola
- Deli counter - freshly made sandwiches, baked potatoes, salad boxes, paninis, toasties & rolls
- Lunch - from homemade soups, the famous ‘Coorie’ sandwich, veggie club sandwich, Asian style salad, steak burger and daily specials
Our clients also uses Uber Eats & Deliveroo which accounts for around 10% of the takeaway orders side of the business.
** The dining space can comfortably sit 36 people
Our client ensures the cafe offers good comfort food using quality ingredients as well as offering daily specials that appeal to a wider audience who are customers for the first time.
In addition to the main cafe business, our client receives an increasing demand for outside catering, from office meetings to birthday parties to hen doo’s. As the cafe is closed in the evenings and weekends, it can also be hired out for private functions.
Our client advises the business now attracts a more diverse type of customer from local tradesmen, nearby factory workers, visitors to the art studios and skating centre as well staff/members from the gym located next door.
The footfall within the area is increasing per week with the number of new housing developments starting to be built. Our client admits she can only run the business to suit and that any new owner will be able to capitalise on both the evening and weekend market not currently catered for.
Key selling points -
- Centre to a thriving new district
- Large cafe with excellent included equipment
- Long lease with low rental terms
- Evening and weekend trade opportunity
- Increase phone/delivery partner orders
- Increasing demand for outside catering
- Ideal base for a mobile catering van addition
We are advised advised that the business has 1 full-time and 1 part-time members of staff.
The business hours are -
Monday - 8:00am – 3:30pm
Tuesday - 8:00am – 3:30pm
Wednesday – 8:00am – 3:30pm
Thursday - 8:00am – 3:30pm
Friday – 8:00am – 3:30pm
Saturday - Closed
Sunday - Closed
Coorie Cafe occupies a sought after trading position at the Port Dundas Business Park on Borron Street in Glasgow.
The cafe is surrounded by a high number of destination businesses which include a Gym (directly next door), Water sports centre, Skatepark, Mediascape, SRS Auto Parts, Health & Social Care Partnership, Scottish Ambulance Service Workshop.
The purpose built centre is located just 1 mile north of the city centre and offers easy access to the M8 motorway. There are excellent public transport links which makes the business park very easy to access from the city centre.
In addition to the increasing number of sporting facilities within the park, there is also about to be 100’s of new apartments being built within walking distance of the cafe.
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.
There are several pay and display car parks within two minutes walking distance.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 7 years remaining on the 10 year lease. The rent is £750 per month.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
