The Laurieston Bar

Descripción

A rarely available opportunity to acquire a well established public house business which has been owned by the same family for over 40 years. The business is well placed to succeed going forward and would suit both an owner operator or could be added to an existing portfolio. The area will also benefit from local developments at Central Quay with the addition of over c.350 apartments.

Ubicación

The Laurieston Bar is situated in a prominent location at the corner of Bridge Street and Norfolk Street in the Gorbals district, which is in the southern part of Glasgow's City Centre. Glasgow is the largest city in Scotland and one of the UK's most vibrant and culturally rich urban centres, with the city centre only a 10 minute walk. Bridge Street underground is a stone's throw away from the property, with the Laurieston Bar featuring as one of the most popular stops on the sub-crawl circuit, this activity attracts both locals and tourists and is another great way to experience Glasgow's vibrant nightlife. The bar also benefits from additional footfall from the O2 Academy which has a capacity of around 2,500 and hosts events all year round including live music, comedy and club nights. Queen Street and Central Station are located in the centre of Glasgow, and allow travel throughout the majority of Scotland as well as the UK.

Zonas Comunes

The Laurieston Bar can be accessed from both Bridge Street and Norfolk Street. The Bridge Street entrance gives access to both the bar and lounge areas and Norfolk Street access to the bar area. The lounge can comfortably seat around 40 through fixed leather seating as well as moveable tables and chairs, there is also space to sit and stand around the bar area. The female and gents' toilets are located to the rear of the lounge, with a corridor also providing access to the public bar. The public bar again can seat around 40 through fixed leather seating, moveable chairs and fixed traditional split-level formica tables. The bar is uninterrupted and runs to around 10 metres in length with plenty of stools and space to stand, both the public bar and lounge are served from the same area. The Laurieston Bar has kept its traditional theme throughout with panelled walls and ceilings, memorabilia and drawings from local artists form part of the décor and add to the character of the pub. Behind the bar is a hatch which provides access to a large cellar area.

Mobiliario, equipamiento e instalaciones

All fixtures and fittings are included with the sale (excluding any personal items).

Características del exterior

A single storey end terraced property with a flat roof. On-street parking is available within the area on a first come first served basis.

La oportunidad

A 'one off' opportunity to acquire a famous and well-loved public house in Glasgow. Our clients have owned and operated the business for over 40 years and are now selling for a genuine retirement. The Laurieston Bar is an award winning wet led pub and is well known and established within the local area's licensed trade. This rare opportunity to purchase a proper 'boozer' with high turnover and profits through strong draught and spirit sales could be developed further by stretching the current opening hours beyond 11.00pm.

Personal

All employees within the business will transfer over to a new purchaser under TUPE legislation.

Datos económicos

The business has enjoyed consistent levels of turnover and profits in recent years. Current annual draught barrelage is around 315. Full Trading Profit & Loss Accounts will be provided to seriously interested parties after a formal viewing.

Horario de apertura

Monday to Saturday 11.00am - 11.00pm Sunday 12:30pm to 11.00pm

Tenencia

Freehold

Datos comerciales

The Rateable Value as of 1 April 2023 is £26,500. Confirmation of actual rates payable can be obtained from the local Authority.

Licencias

Premises Licence