HIGHLY PROFITABLE BUSINESS FOR SALE – FALKIRK

Under Offer
  • FULLY FITTED AND TRADING
  • BUSY LOCATION WITH PROMINENT FRONTAGE
  • RECENTLY REFURBISHED
  • READY FOR IMMEDIATE OCCUPATION
  • HIGHLY PROFITABLE BUSINESS
  • GOOD LEVELS OF PARKING
  • POTENTIAL TO INCREASE TURNOVER AND PROFIT
  • OFFERS OVER £49,950 (LEASEHOLD INTEREST)

LOCATION

Falkirk has a resident population of 34,570 according to the 2008 census. The population of the town had risen over the past decade, making it the 20th most populous settlement in Scotland. Falkirk is the main town and administrative centre of the Falkirk council area, which has an overall population of 156,800  and inholds the nearby towns of Grangemouth, Bo’ness, Denny, Larbert and Stenhousemuir.

The subjects are located on the corner of Dorrator Road and Main Street. Main Street forms the main arterial road into Falkirk with high levels of passing trade. To the rear of the property is the main Crematorium which provides a good level of function business.

DESCRIPTION

The subjects comprise an end terraced single storey building trading as “The Coppertop.” The property currently trades as a Gastro pub and provides the following accommodation:

Large open plan restaurant, function room / ancillary seating area, fully fitted commercial kitchen, bar area and separate male and female w.c. facilities.

The property has been extensively renovated over the past 10 years to a high standard and is ready for immediate occupation

The business is currently performing very well with a high turnover and good bottom line profit margin. The current owner is looking to sell their leasehold interest due to their wish to retire from the hospitality industry.

The business is currently open 7 days a week from 12 noon to 9pm. The revenue is largely driven from food sales and functions but there is scope to increase turnover/profit by increasing the opening hours.

Lease information can be provided upon request.

FLOOR AREAS

From sizes provided by our client, we understand that the subject property, measured in accordance with the RICS Property Measurement Professional Statement (First Edition, May 2015) incorporating the International Property Measurement Standards and the RICS Code of Measuring Practice to extend to the following approximate gross internal area (GIA):

Ground Floor:               252m2/2,713ft2

PROPOSAL

Offers over £49,950 are invited for the leasehold trading interest to include all fixtures and fittings and goodwill. Stock will be negotiated separately at time of sale. A bond of £15,000 will be payable to Heineken which will remain for the duration of the lease. There is currently approximately 5 years remaining on the existing lease agreement but a longer lease can be negotiated.

RATING

The property is currently under appeal. Further information can be provided upon request.

PLANNING

All queries in relation to redevelopment/reconfiguration of the subjects should be addressed to Falkirk Council Planning Department.

CLOSING DATE

A closing date may be set and all interested parties should make a note of interest at the offices of the Sole Agent. We reserve the right to sell or let the property without setting a closing date and we are not obliged to accept the highest or indeed any offer for the lease or sale of the property.

VAT

Vat will be payable where applicable.

EPC

G

 

 

PUBLICATION DATE 15/10/2018

Price:Offers over £49,950
Address:The Coppertop, 2 Dorrator Road,
City:Falkirk
Postcode:FK1 4BN
Square Feet:2,713
Property Type:Established Restaurant/Bar
Tagged Features:

Location Map