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Established Bar - Bury Town Centre For Sale

Bury, Greater Manchester, UK
Asking Price:
£100,000 Furniture / Fixtures included
Turnover:
£90,460
Net Profit:
Available on request

Prominent Town Centre Location
Projected Annual Turnover £90,460
Further Financial Info Available After Viewing
Beautifully Presented
Seating For 50 Customers
Social Media Following
CCTV Throughout
Parking Available In Immediate Area
Good Online Reviews
Potential To Extend Opening Hours
Scope To Introduce Lunchtime Opening
Scope For Food Sales
Potential For Strong Marketing Drive
EPC - D

REF 7708 – Leasehold Bar

Blacks Brokers are pleased to bring to the market this leasehold bar located in Bury, Greater Manchester.

INTRODUCTION

The Treeehouse was established by our client in this busy and sought after area of Bury in 2018. The business 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 and Facebook. The Treeehouse has a basic website in place and small social media following.

LOCATION

The Treeehouse occupies a superb trading position in the centre of Bury within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as many large multiples such as Barclays Bank, JD Sports, McDonalds and many more. There are also a number of car parks, supermarkets and other local amenities nearby. The area is well linked by the M66 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests 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 seven year lease which began in 2019 at a cost of £165 per week.

STAFF

The business operates with one member of part time staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

The Treeehouse has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has a projected annual turnover of £90,460 and gross profit to be confirmed. Full financial information is available upon request.

BUSINESS RATES

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

SUMMARY

This popular, established business occupies an enviable trading position in a very busy area of Bury town centre. Our client has secured a strong customer base and good reputation. There is plenty of scope to develop the business further with the introduction of new food services and longer opening hours. A new owner could also look to market the business more with the use of social media and online resources. 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 & TUE: CLOSED
WED - SUN: 14:00 - 23:00

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