Two prime Scottish bar and restaurant properties – Grilla bar & restaurant in Troon and Glasgow West End’s Cozi Bistro – have come on to the market with specialist business property adviser, Christie & Co.
The Troon property, located on West Portland Street, is a five-minute walk from the Royal Troon Golf Club and has recently been fully refurbished to a high standard, enabling new owners to start trading immediately.
Josh Hill, of Christie & Co’s Glasgow office, who is handling the sale, commented: “This is a unique opportunity for an existing operator or first-time buyer to have a presence in Troon with a stylish fully refurbished property.
“It is incredibly rare for businesses to come to the market in this particular area, particularly given the proximity to the Royal Troon Golf Club, and a constant customer base that such high footfall area provides.”
The business is on the market at offers over £60,000 for the leasehold opportunity with a passing rent of £20,000. The owner may also consider offers for the freehold interest.
The Glasgow property up for sale is located on Dumbarton Road and is well-known in the area for its fresh food and friendly staff.
The Cozi Bistro currently only trades between 10am-5.30pm Monday to Saturday. However, permission has been granted to allow this licensed business to operate 7 days a week – closing at 11pm.
Josh Hill, who is also handling this sale, said: “This is a great opportunity for an operator to develop what already is an established and popular bistro. With recent events taking place at Glasgow’s SSE Hydro there is no question the business is benefiting from an increased level of passing trade. Extending opening hours and opening on a Sunday would also further increase profits.
“Cozi Bistro is also situated close to the area’s new student residences which are opening in September. The area will also hopefully be benefitting from 701 student apartments within the area for which planning permission has already been applied for.
“The current owners have decided that due to their other business interests, they cannot put as much time into Cozi Bistro as they would like, and so are now looking to pass their baton to an operator with a passion for good food.”
Christie & Co are inviting offers in the region of £49,000 for the leasehold going concern.