Glasgow pubs: Neighbourhood favourite The Bungo is on the market for offers over £1.1 million

A neighbourhood bar in Strathbungo has been put on the market. Smith and Clough are handling the sale of the freehold for offers over £1.1 million.

The brochure for the sale states: “Our clients established The Bungo in December 2011 and were one of the frontrunners in making the Strathbungo eating and drinking scene the vibrant circuit that it is today. The business is obviously well established in the area and is something of a local institution, with a loyal and regular clientele with a good mix of custom including young professionals, students and families as well as tourists and visitors to Queens Park and the surrounding amenities.

“The Bungo enjoys an excellent reputation for its quality food and service, all served in a relaxed environment with a real neighbourhood spirit, serving up a variety of contemporary menus including brunch, small plates, a la carte, as well as catering for vegans and gluten free. The Bungo is also extremely popular with people just having a drink, with an extensive drink’s menu featuring beers, wines, cocktails, spirits and soft drinks, as well as for people just wanting to grab a coffee or have a business meeting.

“The Bungo is a real hub of the community and plays host to a weekly pub quiz as well as hosting a variety of events in the basement function/event space including regular themed food & drink nights, comedy nights, improv nights, chess nights, still life painting classes etc. The basement is also popular for function hire for events such as birthdays, christenings and funerals.”

Draft accounting information for the year ending 31st December 2023 shows a turnover of £984,291 net of VAT, producing a gross profit of £712,667 and an adjusted net profit of circa £187,000.

The Bungo is described as a well established neighbourhood bar and restaurant opportunity, “situated within a popular and trendy south side suburb.”

The ground floor bar has space for 150 customers while the basement function and event space has space for 100 with additional kitchen and toilets. Nearby food and drink places include Six by Nico, Rum Shack and Lunar cocktail bar. The Bungo has been a local favourite on Nithsdale Road, close to its junction with Pollokshaws Road in Strathbungo.