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Manchester - Public House For Lease

Atherton, Greater Manchester
Asking Price:
£89,950 Furniture / Fixtures included
Turnover:
£250,000
Net Profit:
Available on request

Refurbished 2016
Wet Sales Circa £250,000 with Potential to Introduce Food
Potential To Be Tie Free Within The Next 2 Years Of Lease
Stunning 3 Bed Owners Accommodation
Retirement Sale
EPC - E

5480– Leasehold Public House with Accommodation

Blacks Brokers aREF 5480 are proud to bring to the market this leasehold public house with accommodation located in the much sought after area of Atherton, Greater Manchester.

INTRODUCTION

The Lion Inn has been trading here on Bolton Road for many years, with our client in ownership since 2010. In that time it has firmly established itself within the local community.

LOCATION

Atherton is a large and popular town within the Borough of Wigan, in Greater Manchester. It is close to Wigan and Leigh. The area is well linked with the M60 and M61.

REASON FOR SALE

The business is only being offered for sale as our client is looking to retire.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is with Enterprise Inns and is 10 years with rent reviews every 5 years. The current lease began in 2014 at a cost of £22,000 per annum. There is some scope to negotiate lease terms within the next 2 years to be free of tie.

BUILDING LAYOUT AND DESIGN

This large and imposing public house is positioned on a busy junction on the corner of Bolton Road and Park Street. Other local businesses are complementary including a “BetFred” branch and a Chip Shop. The business is well branded with large signage on display on both sides of the building. There is a large, free car park to the rear.
The business is housed within the ground floor of the building, with two customer entrances. The accommodation is housed separately within the first floor and has a separate entrance to the rear of the property.
Inside, there are four open plan pub areas including bar area and dining area. There are two gents toilets and one ladies toilet with vanity unit and baby changing facilities. The toilets and outside of the pub were redecorated in 2016.
Outside there is a private smoking shelter to the rear and seven tables with two heating lamps and a bike shed. The cellar is well utilised and also contains a 40 litre ice maker. All areas are well presented and all fixtures, fittings and equipment is of a high standard.

DOMESTIC ACCOMODATION

The owner’s accommodation is very well presented and spacious. There are three large bedrooms, a living room, and bathroom with shower over bath, separate toilet and kitchen..

STAFF

The business currently employs five part time members of staff and owner is currently working full time within the business.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates weekly takings of £4,750 consistently with a strong 48% gross profit margin. Most customers are from the local area as one would expect.

SUMMARY

This leasehold business brings an array of entertainment bringing customers in every day of the week. The takings are mainly from wet sales but food is available on Sundays from 12pm to 7pm or for functions by arrangement. The pub boasts a 4* hygiene rating. Entertainment includes, live acts on Saturdays with a music licence until 1am, ladies and gents darts clubs, Pool on Wednesdays, Quiz night on Thursdays and there are five flat screen T.V.’s showing sky sports events. The pub is also home to the local golf society and houses regular meetings for them. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are welcomed by appointment only and are strongly advised as soon as possible.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Licensed from 10am til 3am
Music Licence Internal 1am and External Midnight
Monday - Thursday - 2pm - 12:30am
Friday & Saturday - Midday - 2am
Sunday - Midday - 12:30am

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