Glasgow's famous Willow Tea Rooms have been put up for sale for a bargain £125,000.
The venue's interior is inspired by the Charles Rennie Mackintosh design for Kate Cranston’s Ingram Street Tea Rooms.
The price is for the leasehold interest, which includes the trade fixtures, fittings, furnishings and equipment and The Willow Tea Room’s brand.
Alan Creevy, director at leasing agent CDLH, said: “The Willow Tea Rooms were established in Buchanan Street in 1997 and have a prime position, with the entrance adjacent to Jo Malone and neighbours, including Princes Square, the House of Fraser, TJI Fridays and Glasgow’s recently opened The Ivy Restaurant.
"The Willow takes inspiration from Mackintosh’s interiors for Kate Cranston’s Ingram Street Tea Rooms, with the White Room Restaurant at first floor level and The Chinese (Blue) Room Restaurant at second floor level. There is a third floor, providing staff storage and office accommodation all extending to around 4,600 sq ft."
The business was created by Anne Mulhern, with a loyal regular clientele, as well as many shoppers and the Willow is one of Glasgow’s must-see attractions for its many visitors.
Mulhern said: “The Willow Tea Rooms has been a joy to create and operate along with my first-class management team and staff. However, after many fun and successful years I have made the difficult decision that it is time to retire. I know that I am passing on a fantastic business, in a prime site, with real potential, particularly to develop the brand.”
Creevy added: “This is a unique opportunity to acquire a highly profitable business with sales over £1 million pa, which will undoubtedly be of interest to existing operators, as well as those simply wishing to enjoy the ownership of a much-loved Glasgow institution.
"The business is competitively priced, at offers over £125,000, for the leasehold interest, which includes the trade fixtures, fittings, furnishings and equipment, along with the goodwill of the business and The Willow Tea Room’s brand. The business will be sold on a new lease long term lease”.
