Pollokshaws Road, Glasgow, G41
Offers in Excess of
£350,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Bar / nightclub for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes and A4 Drinking Establishments
A3, A4
Key features
- Popular local business in a prominent location.
- Internal seating for 50 persons. Outside seating for 18 persons.
- Net of VAT revenue to year end February 2024 at approximately £333,000.
- Profitable easily managed business with considerable scope for enhanced revenue and profit.
- Boutique bar and restaurant with artisan wine off sales business (e-commerce website, social media assets & subscribers included).
- Ground floor, basement and external seating areas.
- Offers Over £350,000 + VAT (if applicable).
Description
LOCATION
Glasgow is Scotland's most populous city, with a population of around 650,000 persons and around 1.7 million in the Greater Glasgow area. The city has a vibrant commercial, student and entertainment economy.
Marchtown is situated in Strathbungo, which lies between Queens Park and Pollokshields West Train Stations and has seen a massive resurgence in the vibrancy of the food and beverage sector, with a thriving brunch culture and nightlife. Other popular operators in the area include The Bungo, The Stag & Thistle and Brodies Bar & Kitchen.
Marchtown has a very prominent position on Pollokshaws Road, which is a very busy high street and major thoroughfare from the city centre to Shawlands, and which benefits from high levels of passing trade.
The surrounding area is of high quality, private residential properties and the excellent amenities make this area popular with young professionals, long term residents and students alike.
DESCRIPTION
The premises are formed within the ground floor and basement of a traditional Glasgow sandstone tenement building. The roof is pitched and clad in slate.
ACCOMMODATION
The accommodation internally is as follows:
GROUND FLOOR
Bar/Shop/Restaurant
The ground floor is a bar/shop/restaurant, with seating for approximately 25 persons, a fitted bar servery and a small kitchenette area to the rear. The layout is aimed at both retail and sit-in trade and both are popular during the day and evening.
BASEMENT
Bar/Events Space
With seating for approximately 25 persons. The basement area is popular for evening trade, as well as private functions, tastings and other events.
Toilets
There are three unisex customer toilets.
EXTERNAL
There is seating for approximately 18 persons on the large pavement area to the front.
SERVICES
The property is connected to mains water, electricity and drainage. Heating is from wall mounted high efficiency infrared panels. The property has access to the rear for services and deliveries.
RATEABLE VALUE
The premises have a Rateable Value of £12,600 as of the 1st April 2023.
PREMISES LICENCE
There is a premises licence for both on and off sales in place, regulated under the 2005 Licensing (Scotland) Act. This will be transferred to the purchaser.
THE BUSINESS AND OPPORTUNITY
Marchtown has developed a loyal following and very strong brand identity, and has regularly featured in the Sunday Times, Herald Scotland, The Sunday Post, The List and many other national publications, often topping lists for best wine bars and wine shops in the country.
Marchtown has been in operation for several years and has built up a first-class reputation, with impeccable reviews. The business operates as a boutique bar with food, and an artisan off sales wine and unique gift hamper offer. In addition, the business has a good quality e-commerce website promoting events and products -
Marchtown has an active presence on Instagram, Facebook, and X with an engaged following of 10000+ customers. Marketing platforms also include Mailchimp that has accrued 8000+ subscribers - @marchtownglasgow
Marchtown operates a wine box subscription with a very loyal customer base, which is an area of the business that has a huge scope for development.
The business is well run and achieving a growing level of revenue. Sales to year ending 2024 were in the region of £332,500, an increase of circa 5% on the previous year's revenue. The directors operate from other businesses and there is certainly scope to both decrease wage costs and increase revenue from more hands-on management.
THE OPPORTUNITY
Marchtown is situated within the centre of Strathbungo, a thriving new and cosmopolitan licensed circuit serving the south side of Glasgow. This is a great opportunity for a hands-on private individual to acquire a successful business with clear upside possibilities in terms of growing revenue and decreasing operating costs. In addition, the business would be ideal for wine enthusiasts to grow the existing off sales and subscription customer element of the business. There is also scope to tap into the thriving coffee and brunch culture in the area with increased daytime opening hours.
SALE PRICE
The premises have been placed on the market at Offers Over £350,000 + VAT for the benefit of the heritable property, along with the goodwill and trade fixtures, fittings, furnishings and equipment, to be sold as a going concern. Stock and trade will be additional and paid for on the date of entry.
EPC
The property has an EPC rating of G.
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 conduce due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.
Glasgow is Scotland's most populous city, with a population of around 650,000 persons and around 1.7 million in the Greater Glasgow area. The city has a vibrant commercial, student and entertainment economy.
Marchtown is situated in Strathbungo, which lies between Queens Park and Pollokshields West Train Stations and has seen a massive resurgence in the vibrancy of the food and beverage sector, with a thriving brunch culture and nightlife. Other popular operators in the area include The Bungo, The Stag & Thistle and Brodies Bar & Kitchen.
Marchtown has a very prominent position on Pollokshaws Road, which is a very busy high street and major thoroughfare from the city centre to Shawlands, and which benefits from high levels of passing trade.
The surrounding area is of high quality, private residential properties and the excellent amenities make this area popular with young professionals, long term residents and students alike.
DESCRIPTION
The premises are formed within the ground floor and basement of a traditional Glasgow sandstone tenement building. The roof is pitched and clad in slate.
ACCOMMODATION
The accommodation internally is as follows:
GROUND FLOOR
Bar/Shop/Restaurant
The ground floor is a bar/shop/restaurant, with seating for approximately 25 persons, a fitted bar servery and a small kitchenette area to the rear. The layout is aimed at both retail and sit-in trade and both are popular during the day and evening.
BASEMENT
Bar/Events Space
With seating for approximately 25 persons. The basement area is popular for evening trade, as well as private functions, tastings and other events.
Toilets
There are three unisex customer toilets.
EXTERNAL
There is seating for approximately 18 persons on the large pavement area to the front.
SERVICES
The property is connected to mains water, electricity and drainage. Heating is from wall mounted high efficiency infrared panels. The property has access to the rear for services and deliveries.
RATEABLE VALUE
The premises have a Rateable Value of £12,600 as of the 1st April 2023.
PREMISES LICENCE
There is a premises licence for both on and off sales in place, regulated under the 2005 Licensing (Scotland) Act. This will be transferred to the purchaser.
THE BUSINESS AND OPPORTUNITY
Marchtown has developed a loyal following and very strong brand identity, and has regularly featured in the Sunday Times, Herald Scotland, The Sunday Post, The List and many other national publications, often topping lists for best wine bars and wine shops in the country.
Marchtown has been in operation for several years and has built up a first-class reputation, with impeccable reviews. The business operates as a boutique bar with food, and an artisan off sales wine and unique gift hamper offer. In addition, the business has a good quality e-commerce website promoting events and products -
Marchtown has an active presence on Instagram, Facebook, and X with an engaged following of 10000+ customers. Marketing platforms also include Mailchimp that has accrued 8000+ subscribers - @marchtownglasgow
Marchtown operates a wine box subscription with a very loyal customer base, which is an area of the business that has a huge scope for development.
The business is well run and achieving a growing level of revenue. Sales to year ending 2024 were in the region of £332,500, an increase of circa 5% on the previous year's revenue. The directors operate from other businesses and there is certainly scope to both decrease wage costs and increase revenue from more hands-on management.
THE OPPORTUNITY
Marchtown is situated within the centre of Strathbungo, a thriving new and cosmopolitan licensed circuit serving the south side of Glasgow. This is a great opportunity for a hands-on private individual to acquire a successful business with clear upside possibilities in terms of growing revenue and decreasing operating costs. In addition, the business would be ideal for wine enthusiasts to grow the existing off sales and subscription customer element of the business. There is also scope to tap into the thriving coffee and brunch culture in the area with increased daytime opening hours.
SALE PRICE
The premises have been placed on the market at Offers Over £350,000 + VAT for the benefit of the heritable property, along with the goodwill and trade fixtures, fittings, furnishings and equipment, to be sold as a going concern. Stock and trade will be additional and paid for on the date of entry.
EPC
The property has an EPC rating of G.
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 conduce due diligence on property purchasers. Once an offer has been accepted, the prospective purchaser(s) will need to provide, as a minimum, proof of identity and residence.
Brochures
Pollokshaws Road, Glasgow, G41
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Queens Park (Glasgow) Station0.1 miles
- Pollokshields West Station0.2 miles
- Pollokshields East Station0.4 miles
Notes
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Disclaimer - Property reference Marchtown. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CDLH Leisure & Hospitality Surveyors, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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