For Sale

Popular Restaurant in Exceptional Dining Location

Dundee, Dundee City

£119,950 +SAV

Ref: B04903

Contact sales negotiator

Kai Pollitt-Parry

01204556303

Email Kai Pollitt-Parry

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Description

Hilton Smythe welcomes to the market an exciting opportunity to acquire an exceptionally well run and performing, turn key restaurant with an excellent reputation associated with a strong and consistent brand.

The business has only now come to the open market as our client wants to concentrate on other business interests.

The business was established in 2005 and has been under the careful and meticulous ownership of our client for just over 12 months and have grown the business to an impressive level of turnover.

The business offers a bespoke dining experience set on the banks of the River Tay with the art deco listed building formerly being a bathing shelter constructed in the 1930’s.
In recent years the building has been transformed to provide one of the most stunning dining venues in Scotland, with the glass fronted restaurant offering stunning, uninterrupted panoramic views out across the river.

The restaurant offers a warm and friendly environment for patrons to enjoy coffee & cake, along with their exceptional breakfast, lunch and evening dinner menu.

The business also offers quality Italian ice cream during the summer months, sold via the cleverly installed kiosk that overlooks the outside dining space.

The restaurant can cater for 50 covers in the main area, with a further potential 60 covers on the terrace area to the front and 50 covers to the rear of the premises that also benefits from a well-presented children’s play area.

The business offers a dog friendly facility and has a kennel block for patrons to leave their dogs securely whilst they enjoy a meal or a drink.

The premises are available to book for private parties & corporate functions and are able to provide a full waiting service for all tables.

We feel that there is tremendous scope to increase the already impressive turnover and take the business to the next level by undertaking in a robust national marketing campaign to generate a flow of new customers, along with revised and extended opening hours, with the possible introduction of offering the restaurant as a wedding venue due to overall size, layout and location.

The business trades on its reputation for quality and service and has outstanding future possibilities.

The business further benefits from having an informative website in place to showcase the restaurant and services on offer along with generating an impressive level of new business enquiries.

It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry with an exceptional business, in an enviable location within the popular sea side town of Broughty Ferry.

A tremendous opportunity to own this turn key business, and early enquiries must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised that tenure is Leasehold.

15-year Lease with 14 years remaining with a review after 5 years

Rent £72,000 PA
Rates £23,500 PA

Hours

Monday To Sunday 9.00 am – 9.00 pm

Staff

The business is currently run and managed by the current owners along with 5 other staff members.

Financial Profile

Accounts will be made available to all interested parties.

Location

The Glass Pavilion Restaurant is situated in the affluent area of Broughty Ferry, just 4 miles to the East of the city of Dundee.

The business itself is located in an iconic 1930’s art deco building within a prominent / prime trading position overlooking the River Tay with spectacular panoramic views of the coast line, resulting in a good level of trade from regulars within the local area, along with many tourists that visit the popular coastal town.

Broughty Ferry is a popular commuter town with a population of circa 13,000, which enjoys close locality to the cities of Dundee, Perth, Aberdeen and surrounding towns of Arbroath and Monifieth.

Favoured by commuters and families, the town benefits from primary & secondary schooling, a range of independent local businesses, boutiques, stores and is well serviced in terms of local amenities with excellent public transport links via both road & rail.

Premises

The business is located in a beautiful and unique glass fronted property extending to 239.69 m2 with a very modern art deco theme, immaculately presented and maintained to the very highest standard, entered via ground level into a bright, airy and inviting interior, briefly comprising

Main Restaurant area

• Fitted with a range of quality tables & chairs
• Further seating / waiting area
• Well-presented bar area
• Coffee machine
• Electronic till point
• Ice cream kiosk
• Private office area
• Further storage

Toilets & changing facilities can be found along the corridor to the side of the bar area.

The extensive fully fitted commercial kitchen is located on the right hand side of the main building and can be found in excellent condition with quality fixtures & fittings.

Access from the main restaurant area to the rear of the building via glazed double doors, leading out to a well-presented external dining area overlooking the children’s play area.

To the front of the building there is an external dining area located on the terrace, overlooking the river, and has a mixture of tables & chairs along with the ice cream kiosk, the outside areas to the front & rear are exceptionally popular during the summer months and offer a relaxing setting with stunning views.

A full list of fixtures, fittings & equipment to follow.

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