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Bar & Function Room In Wigan, Greater Manchester For Sale

Wigan, Greater Manchester
Asking Price:
£89,950 Furniture / Fixtures included
Turnover:
£82,946
Net Profit:
Available on request

Superb Location In Affluent Area
Profit & Loss To 31st August 2018
Annual Turnover £82,946
Gross Profit £43,039
Accounts Available Upon Viewing
Trading Three Days A Week
Potential To Add Dry Sales
Scope To Introduce Longer Opening
Customer Seating At Bar For 50
Function Room Capacity For 120
Five Star Hygiene Rating
EPC - D

REF 6589 – Leasehold Bar & Function Room

Blacks Brokers are pleased to bring to the market this leasehold bar and function room located in a bustling and much sought-after area of Wigan, Greater Manchester.

INTRODUCTION

Bar Legion has been trading on Upper Dicconson Street since 2013. Our client established the business due to the superb trading position and excellent surrounding area which is filled with many other bars, clubs and eateries. The business has become well known and has a good base of repeat customers. It caters for a range of events from private celebrations which take place in the function room to charity nights, live music evenings, comedy nights and much more within the main bar. These have proven to be very popular and a new owner may look to introduce more of these events in the future. The business has a five star hygiene rating and has many good reviews are noted on Facebook, Google and Yelp.

LOCATION

The business is located in an affluent area of Wigan, within walking distance of the town centre. There are other bars and restaurants on the same street which complement Bar Legion well. The area is well linked by the M61 and has superb public transport links in place including Wigan North Railway Station. Parking is available in the immediate vicinity.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator and is only available due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

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 eight years and began in 2014 at a cost of £300 per week.

STAFF

The business is currently operating with five members of part time staff in employment. Our client oversees the running of the business but is not involved in the day to day running.

FINANCIAL DETAILS

Bar Legion has traded solidly since opening. We are advised that the business currently has annual turnover of £82,946 with gross profit of £43,039. Full financial details are available upon viewing.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies an enviable trading position within a bustling area of Wigan. Our client has established a large base of regular customers and a reliable team of staff. There is plenty of scope to develop the business further with the introduction of food sales and longer opening to cater for weekdays and lunches. 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 strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Closed
Tue - Closed
Wed - Closed
Thur - Closed
Fri - 6pm - 1am
Sat - 6pm - 1am
Sun - 6pm - 1am

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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