Newly refurbished & fully fitted Restaurant Opportunity in Coatbridge

Burristro

Blairgrove Shopping Centre, 138 Bank Street, Coatbridge, ML5 1ET

·        Fully fitted licensed restaurant opportunity

·        Situated within busy retail precinct. Large car park

·        Recently refurbished to high standard, Circa 45 covers

·        Size: Ground 919 SqFt, Basement 525 SqFt

·        Within busy residential and commercial area

·        Close to Time Capsule, Summerlee and other amenities

·        Would suit a variety of cuisine styles

LOCATION

The subjects benefit from a prominent trading position within Blairgrove Shopping Centre, a popular retail precinct on Bank Street, one of the main arterial routes within the town of Coatbridge in North Lanarkshire, Scotland.

The centre is home to a good mix of predominantly local retail and hot food operators ensuring good levels of footfall throughout the day and evening.  Surrounding operators include Tesco Express, Scotmid, Numark pharmacy, H.K. Pender Butcher/Deli, Burger7 and Ruby House to name a few.

The business benefits from its close proximity to the Time Capsule leisure complex, and other nearby amenities include Summerlee Museum, Drumpellier Golf Club, Waysiders Drumpellier Rugby Club, and Faraday Retail Park.

Coatbridge lies within the Central Belt of Scotland, approximately 11 miles east of Glasgow and 38 miles west of Edinburgh.  The town has a population of circa 44,000 people and along with the neighbouring town of Airdrie forms part of the Greater Glasgow urban area.

There are excellent transport links, being positioned close to the M8 motorway, with regular bus services from Main Street, and the subjects are only a short walk from Coatbridge Central Railway Station.

THE PROPERTY

The subjects form part of a retail parade and comprise part ground floor and basement levels of this single storey with basement property all under a flat roof.

The subjects benefit from free car parks both at the front and the back of the shopping centre.

DESCRIPTION

The subjects are accessed via a door positioned to the right-hand side of this full display frontage with prominent signage above. The subjects benefit from roller steel security shutters and a cctv system. A television is positioned in the window displaying menus and photos etc.

There is a takeaway waiting area to the front with comfy banquet seating for approximately 6 customers, which then leads into the main restaurant.

The premises have only recently been refurbished and have been designed and fitted to a high standard throughout in a stylish and contemporary fashion.

The subjects are laid out to accommodate a comfortable 45 covers by way of fixed comfy banquet seating and loose tables and chairs.  A large bar/servery is positioned to the right-hand side of the premises and benefits from undercounter fridges, till and music system.

ANCILLARY AREAS

• Fully fitted commercial kitchen
• Various storerooms with fridges, freezers, ice machine, washing machine etc
• Male & Female toilets
• Office
• Rear delivery access with bin storage & owner parking

SIZE

We understand that the subjects have the following floor areas:

Ground Floor: 85.4 SqM (919 SqFt)

Basement: 48.8 SqM (525 Sq Ft)

Total: 134.2 SqM (1,445 SqFt)

THE BUSINESS/OPPORTUNITY

Our client’s family have operated the premises for almost 40 years, with the premises trading as Eastern Palace Indian restaurant for almost 35 years and then eventually as Burristro as it is today.

Burristro trades as a Mexican restaurant and takeaway selling a good selection of Mexican food such as tacos, burritos, enchiladas, quesadillas etc as well a selection of wines, beers, spirits and soft drinks.

The business enjoys an excellent reputation which is reflected in its online reviews, and it has built up a strong customer base with lots of locals and regulars from Coatbridge and the surrounding towns and villages, as well as benefitting from the many nearby amenities.

Due to our client’s other business interests which have grown in the last few years, they no longer have the time to concentrate on running and developing the business and only trade limited days and hours to suit themselves. 

It is felt that the sale represents a great business opportunity for a new owner operator who can devote the necessary time to developing the business.  The premises are in walk in condition and have been designed and fitted in such a way that they would easily lend themselves to suit a variety of cuisine styles and concepts.

TRADING INFORMATION

Trading information can be provided to interested parties after formally viewing the business.

FIXTURES AND FITTINGS

All trade fixtures and fittings are owned outright and are free from any hire purchase or lease agreements.

BUSINESS RATES

The subjects are entered into the current valuation roll as having a rateable value of £9,700 and are therefore eligible for zero rates.

LICENSES

The business trades with the benefit of a premises licence with operating hours of 12pm - midnight.

TENURE

The subjects are currently held on a rolling council lease with a passing rental of £12,840 per annum, however we have been advised that a new lease will be made available for an incoming tenant, with new terms to be agreed.