Mergers, Acquisitions, Limitless Possibilities.
Mergers, Acquisitions, Limitless Possibilities.
Real Estate Related Europe - United Kingdom
£675,000

Outstanding Restaurant & Bar Opportunity In Largs For Sale

Publication date: 02/09/2025

Particulars

  • Prominent position
  • 100+ covers
  • Large service space
  • Free of tie
  • Modern fit out

We are pleased to bring to the market this freehold restaurant and bar in North Ayrshire for sale.

Business overview

Great position, great opportunity for a new owner to grab this well-established and much-loved café and bar in the busy seaside town of Largs. Nestled in prime position on Gallowgate Street, a mere stone’s throw away from the waterfront, this majestic venue (which, when not acting as The Room, goes by the name of Room) is awash with contemporary decor.

This daytime café has a strong word-of-mouth following and a lively cocktail scene by night. It has been a neighborhood stalwart since it opened in 2008, known for cocktails with a Mexican edge, a menu leaning in that direction, and a raucous weekend vibe. It has a list of returning regulars who act as a sort of town crier, as well as nonstop tourists, with both locals and out-of-towners year-round.

The leasehold is available by ‘offers over £675,000,’ and there’s a straightforward opportunity for an experienced operator — or an introduction to the trade if you’re new to the business. It is free of tie, giving a new owner the opportunity to make their own mark on the business.

Key information

  • Venue: Room
  • Where: 48–52 Gallowgate St, Largs KA30 8LZ
  • Price: Offers over £675,000 (Freehold)
  • Last Year’s Annual Turnover: £706,787 (ex.)
  • Adjusted Net Profit: £139,732
  • Seating Capacity:
    • Dining Room: 60
    • Bar: 50
    • Terrace: 60
  • Gross Internal Area: 275m² (2961 sq ft)

A well-established venue

The room has been a mainstay of the town’s hospitality scene for 17 years, featuring all-day dining, a cocktail bar, and live entertainment every Friday and Saturday night. The food is a Mexican/US mix, although there are more traditional pub classics such as steak pie, scampi, burgers, and pastas, so there’s something for everyone.

During the winter, the place is a little quieter, but it brims with tourists in the summer. The town has two signature events, the Viking Festival and a three-day music festival, that are also a significant trade boost.

Location advantage

Largs is among Scotland’s most ancient seaside resorts, sitting on the Firth of Clyde — only a 50-minute train journey from Glasgow. The Caledonian MacBrayne ferry terminal to Isle of Cumbrae is a short walk from the premises, with a steady flow of pedestrian footfall throughout the year.

The subjects are located on the north side of Gallowgate Street, the principal commercial street in Largs town centre, with good pedestrian footfall. Neighbouring occupiers include Costa, WH Smith, Boots, Greggs, and numerous other independents. A new Marks & Spencer, due for completion in 2025, will further add to the area’s attractiveness.

The town draws a variety of visitors from around the world—holiday makers, golfers, yachting enthusiasts, and ramblers—bringing business to the hospitality sector all year.

Layout & facilities

The venue was completely renovated to a high standard in January 2025 and has a modern feel.

Bar & Servery (50 covers)

  • Long wooden-topped bar
  • Feature reclaimed brick fireplace and seating booths, sofas, and bench seating

Restaurant (60 seats)

  • Rear with booths, banquette, and open seating

Exterior Terrace (60 covers)

  • Terrace at the front with branded barriers and plenty of large parasols for shade.

Kitchen

  • Well-equipped commercial catering kitchen

Ancillary Accommodation

  • Beer cellar
  • Office
  • Store
  • Male and female WCs
  • Disabled WC
  • Baby change facility

Why it stands out

  • Established: Opened in 2008 and has a strong local following.
  • Super Profitable Financials: With an annual turnover of nearly £700k and an adjusted net profit of c£140k.
  • Entertainment Value: Live shows and DJ nights create a vibrant night scene at late hours.
  • Location: Situated on the seafront next to the ferry terminal and amidst good footfall and passing trade.

Local shopping facilities and transport

  • Isle of Wight ferry terminal: 194m opposite
  • Hovercraft terminal: 294m away
  • Ryde Esplanade: 1.1 miles away
  • Wight Express: 151m away
  • Wightlink Catamaran: 3.7 miles away
  • Linkspan Train station and local bus service close by

Getting ready to move

We will benefit from an experienced administrative team, along with the pre-existing support staff.

Investment case

This is a unique and rare opportunity to acquire an exceptionally strong and thriving business operating in an idyllic coastal setting. With a good history of trade, healthy balance sheets, and a superb central location, Room provides a great base for growth now and in the future.

This is the perfect chance for an owner looking to add to their income-producing portfolio or anyone starting from scratch and looking to take over a money-making business.

Offers over £675,000 are invited. Viewings are strictly by appointment with the vendor.

Interested in buying this business?

Please use the form below to request more information on this business opportunity.

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