16 hours ago
Beloved Glasgow restaurant sold by owner after almost 30 years
Details on the new owners have been revealed
CHEERS TO THAT! Beloved Glasgow restaurant sold by owner after almost 30 years
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A MUCH-loved restaurant in the heart of Glasgow city centre has been sold after almost 30 years in business.
The owners of Gamba, which is located on West George Street, put the "institution" up for sale last year.
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Gamba has now been sold to new owners
Credit: FACEBOOK: Smith and Clough Business Associates
It was initially put on the market for £230,000, but around three months later, the asking price was cut to offers over £195,000.
The restaurant is popular with both locals and tourists alike for its delicious seafood served up in a relaxed, stylish basement setting.
The venue serves up incredible, creative dishes, including its famous Scottish lobster thermidor, Isle of Gigha halibut and its signature fish soup.
Many visited the diner for its extensive drinks menu, with exceptional wines, whiskies, and cocktails all on offer.
But Smith and Clough Business Associates have now revealed that Gamba has been snapped up after 27 years.
The team said they were "delighted" to announce the sale as they shared the news on social media.
Posting on Facebook, they explained that they acted on behalf of Gamba's owner, Derek Marshall.
And they revealed that it was bought over by Mohammed Rehman, who is also the owner of Cafe Wander.
The cafe is also located in Glasgow city centre on West George Street.
Smith and Clough explained that the current owners will stay at the restaurant for six months to make sure everything runs smoothly.
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The post on Facebook read: "We are delighted to announce the sale of Gamba restaurant, which is renowned for being the best seafood restaurant in Glasgow, and is a real Glasgow institution.
"Acting on behalf of owner Derek Marshall, who launched Gamba 27 years ago, we were pleased to handle the sale of this much-loved restaurant, with the business being purchased by Mohammed Rehman, who owns Cafe Wander in the city centre, which we had also handled the sale of a few years ago.
"Derek will remain in place for six months to ensure a smooth transition, and we would like to wish the new owner continued success with Gamba, as well as wish Derek all the best for the next chapter of his life.
"The Gamba deal follows hot on the heels of a number of other Glasgow institutions that we have handled the sale of recently including Ziques, Meditteraneo and The Drake.
"With a number of other deals in the pipeline, which is an encouraging sign reflecting the popularity and strength of the Glasgow bar and restaurant sector."
