Bowman Rebecchi is delighted to bring to the market this rare opportunity to acquire one of Gourock's leading Café/Restaurants.
The well-established and highly regarded business is set within a superb location, with the inheritance of an 18-year lease available for the successful purchasers to provide comfort towards initial outlay.
Built over a number of years, the business enjoys excellent reviews for customer service and a strong following on social media and is ideally situated for a Café.
This growing business has annual gross sales of c.£267,000, with an EBITDA of c.£36,000, and the business enjoys a high average spend per sale across both café and takeaway, with the potential to easily convert the café into a Restaurant in the evenings and weekends.
There is a further growth opportunity to extend the daily operating hours and range of foods available for purchasers to maximise income possibilities, as well as using national ordering platforms to grow profitability.
Accounts for 2020/21 and 2021/22 are available with a third year working accounts for 2022/23 available to be shared from August, subject to a non-disclosure agreement being signed.
All internal fixtures and fittings are available as part of the purchase price. The premises is highly visible with on-street parking and easy access for collection and delivery options.
The business is inviting offers in the region of £160,000, with a new 18-year lease of £10,200 per annum available to be negotiated with the current landlord.
A full and comprehensive list of equipment is available as part of the purchase, including all of the internal fixtures and fittings, which are currently valued within the business accounts of c.£33,000, with appropriate depreciation in place.
Gourock is located approximately 28 miles west of Glasgow on Scotland's West Coast, with a residential population in excess of 10,000 persons and a core catchment population of approximately 270,000 persons, all within the authority of Inverclyde Council.
With a rich maritime heritage, Inverclyde is looking again to the River Clyde to support its future growth, with Greenock Ocean Terminal developing a new pontoon and visitor centre to support its 140,000 cruise liner passengers per annum, with Inverclyde seeing over 500,000 visitors per annum.
For tourists, ferry services to Argyll and Bute are nearby, as-is Greenock Ocean Terminal, for the embarkation of cruise ships, as well as Kip Marina, for access to the beautiful sailing waters of the Clyde.
The unique and iconic Gourock Outdoor Pool is also a short walk as is the Battery Park, which provides a high level of potential footfall.
The proposed Ardgowan Distillery visitor centre is underway at nearby Inverkip, with Cardwell Garden Centre at Lunderston Bay beach another large draw for tourists passing this property.
Businesses in Gourock include On-Site Scanning and CalMac Ferries headquarters, with the main Inverclyde Royal Hospital a short drive away in the neighbouring town of Greenock.
The property benefits from direct access onto the A770 linking to the M8 motorway, providing access to the national motorway network as well as the M74 motorway leading South and is 25 minutes’ drive from Glasgow International Airport.
The subject property is located close to Gourock railway station, with regular train services to Glasgow and Gourock. CalMac and Western Ferries services to Argyll and Bute are in close proximity with bus and national cycle routes also available.
The business currently employs 4 contracted employees including chefs and front of house staff, and several temporary staff, all of whom the current occupier would wish to see a TUPE process over to the new occupiers.
The property extends to over 700 sq ft or 65 sq m.
The landlord is open to an assignation of the current 18-year lease for the new proprietor, with the current rental figure of £10,200 per annum, with no break options and an RPI upwards only rent review every three years. Each party is to be responsible for its legal costs and outlays, including VAT incurred.
All queries in relation to redevelopment/reconfiguration of the subjects or extended operating hours should be addressed to Inverclyde Council’s Planning Department.
From the Assessor's website, the property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status.
A closing date may be set, and all interested parties should make a note of interest to Bowman Rebecchi. We reserve the right to let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease of the property.
Available upon request.
Our client is flexible to accommodate requests.
Offers in the region of £160,000 are invited for the leasehold interest in the business.
All prices, premiums and rents quoted are exclusive of VAT.
To comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents.
Please note – the Postcode provided does not relate to the subject business and is for guidance only.
For further information please contact Bowman Rebecchi.