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 - www.marchtown.co.uk

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 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.

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available