Busy Shopping Parade Location
Predicted Turnover 2022 - £516,709
Accounts Available Year End 31st May 2021
Annual Turnover £278,945 (Covid Affected)
Gross Profit £92,203
Accounts Available After Viewing
Established 2019
Seating For 116
First Floor Popular For Private Events
Close To Busy Train Station
Fantastic Online Reviews
Five Star Food Hygiene Rating
Scope For Longer Opening
Potential To Offer Breakfast Service
EPC - D
REF 7797 – Leasehold Cocktail/Craft Ale Bar & Restaurant
Blacks Brokers are pleased to bring to the market this leasehold bar & restaurant located in Cheadle, Greater Manchester.
INTRODUCTION
Archive Bar & Bottle was established by our client in this affluent area of Cheadle in 2019. The business offers a wide range of craft ales, specialist gins, cocktails, pizzas and much more. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor and Facebook. Archive Bar & Bottle has a strong social media following.
LOCATION
Archive Bar & Bottle occupies a high street trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples such as Waitrose and The Post Office. There are also a number of other amenities nearby including car parks, schools, supermarkets and Cheadle Hulme Train Station. The area is well linked by the M60 and A34 with very strong public transport links and parking is available in the immediate area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This 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 Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2019 at a cost of £528 per week.
STAFF
The business operates with twelve members of staff in employment – this includes a full time bar manager. Our client works in a hands on role overseeing management and front of house.
FINANCIAL DETAILS
Archive Bar & Bottle has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st May 2021 show that the business has an annual turnover of £278,945 and a gross profit of £92,203. It should be noted that this turnover was heavily affected by Covid-19 and lockdowns. Full financial information is available upon request.
SUMMARY
This well established business occupies an enviable trading position in a sought after, affluent area of Cheshire. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of a breakfast service and specialist coffees, a new website with booking services and a strong marketing drive. 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.
