Summary
An outstanding opportunity to acquire one of Glasgow's most recognisable themed hospitality venues. Tiki Bar has established itself as a destination venue, offering a unique tropical experience with an exceptional cocktail offering, authentic Thai cuisine and a vibrant late night atmosphere. The business has built a loyal customer base while continuing to attract a constant flow of visitors, tourists and city centre professionals. The venue benefits from multiple revenue streams including food, premium cocktails, events, private functions and its recently interactive Darts Den, providing excellent opportunities for continued growth.
Key Points
Well Established & Highly Recognisable Brand in a Prime Glasgow City Centre Trading LocationMultiple Income Streams Wet/Food/Events/Interactive DartsLarge Fully Covered Heated Beer Garden & Outdoor ScreensAnnual Passing Rent £55,000 (Bar & Restaurant), £14,400 (Beer Garden)The airstream in the beer garden is in the process of being removed.Tenure
The business operates under two separate leasehold interests. Both are available on a long lease for assignation upon sale. The two-storey bar & restaurant is £55,000 per annum and 120 capacity beer garden is £14,400 per annum.
Notes
The airstream-kitchen in the beer garden has recently been damaged by a fire. This is currently undergoing insurance reinstatement and will continue to progress pre-sale.
Location
The business occupies a prime trading position on Bath Street in the heart of Glasgow City centre, one of Scotland's busiest leisure and hospitality destinations. Situated just moments from Sauchiehall Street and directly beside the King's Theatre, the premises benefits from exceptional levels of pedestrian footfall throughout the day and evening. The surrounding area is home to an excellent mix of offices, hotels, retail outlets, restaurants, bars and entertainment venues, generating consistent trade from office workers, shoppers, theatre-goers, tourists and the city's vibrant nightlife.