DESCRIPTION
The subjects comprise a single storey with attic, semi-detached building, under a pitched and tiled/sheeted roof, with single storey rear extension. There is a large, glazed frontage and fitted extraction hood.
RATEABLE VALUE
The premises have a Rateable Value of £12,300 as of 1st April 2023.
SERVICES
The property is connected to mains water, electricity, gas and drainage. There is partial air conditioning to the dining area.
THE BUSINESS
Caffe C is a long established fish and chip shop, ice cream parlour and café. The business has seen a significantly greater emphasis on café dining in the last few years, given the increase in the surrounding population.
The business generally operates from 9am to 9pm seven days per week with slight alterations to operating hours depending on seasonality.
The business has shown steady sales and sales to the year-end January 2025 are approximately £615,000 net of VAT. Full trading information is available to seriously interested parties after viewing.
THE OPPORTUNITY
Caffe C offers a variety of opportunities to an incoming operator. The business can continue as is, as there is a popular local following. There are opportunities to increase opening hours, change the emphasis on the style of operation, possibly to more delicatessen products.
The location of the property gives it an excellent customer base for the likes of operational focuses.
Location
Muirhead lies approximately 7 miles north east of Glasgow City Centre, and is easily accessible to surrounding towns, including Stepps, Chryston, Moodiesburn, Gartcosh and Lenzie.
Muirhead is highly accessible to Glasgow City Centre via the A80/M80. As a result, Muirhead and the surrounding area has seen a significant increase in the local population, with further developments planned. This is a prominent, highly accessible property on a busy main road, but with parking immediately outside and the immediate surrounding area.
Accommodation
GROUND FLOOR
Gross Internal Area approx.200 sq. m. (2,000 sq. ft.)
Take-out/Restaurant
To the front, there is a fish and chip serving area to one side and ice cream serving area to the other. This then leads through to the café seating area where there is seating for approximately 40 persons. There are ladies and gent’s toilets to the rear.
There is an extensive kitchen area with wash up and preparation areas to the rear.
EXTERNAL
There is a service lane providing access to the rear of the property for deliveries etc.
Terms
SALE PRICE AND LEASE
The premises are offered on a new long lease, anticipated to be for a period of approximately 15 years. The lease will be on a tenant full repairing and insuring basis, with rent reviews at 5 yearly intervals. The rent is £40,000 per annum plus VAT, payable monthly in advance.
Our clients are seeking offers over £85,000 (plus VAT if applicable) for the benefit of the goodwill of the business, trade fixtures, fittings, furniture and equipment, all to be sold as a going concern. Stock and trade will be additional and paid for at the date of entry.
NOTE: The ice cream production equipment is excluded from the sale.
Specification
EPC
The property has an EPC rating of D.
VIEWING AND FURTHER INFORMATION
For further information, or for an appointment to view, please contact CDLH on 0141 331 0650.
ANTI MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.