Bruce & Co. are pleased to announce the successful sale of Loafers Coffee Shop based in the South side of Glasgow. This well renowned coffee shop and Bistro was in the careful ownership of Mr and Mrs Mcgee for ten years. During this time, the Vendors continually developed and improved the business; which was reflected in a year by year increase in turnover and profitability.
Loafers Coffee Shop enjoys a strong reputation within the local community – evident from its excellent reviews and highly levels of customer satisfaction feedback. The Vendors reluctantly only decided to put the business on the market due to ill health.
The business attracted high levels of interest and, following an impressive thirteen viewings and securing 4 offers, the business was sold for £26,000 to an experienced business owner, Mr Nanda. Sale completion of this leasehold opportunity took only twelve weeks; which is credit to the work Bruce & Co. do each day in facilitating business sale transactions.
Jayne Adamson, Sales Manager at Bruce & Co., commented “It was a pleasure to deal with the sale of Loafers Coffee Shop. It was a very popular business, and the sale had an unperturbed and successful completion. It was a pleasure to work with the Vendors, Mr and Mrs Mcgee, and I wish them well. I would also like to wish the new buyer, Mr Nanda, all the best with his new business venture.”