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Fashionable Cocktail Bar And Eatery In Manchester For Sale

Manchester, Lancashire, UK
Asking Price:
£325,000
Turnover:
Available on request
Net Profit:
Available on request

Summary:

• Rental Property
• Huge Potential
• Prime Location
• Heavy Footfall Area
• Unique Opportunity
• All Fixtures and Fittings Included
• Highly Rated
• Established Business
• Proof of Funds Required

Business Description:

Silk Letting Ltd is proud to present to the market a highly popular cocktail bar in Manchester. This highly rated and popular bar is located in the heart of the city centre. Since its opening in 2019 it has become well known in the area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to its excellent location.

The bar and seating area on the ground floor, together with permission for an outside seating area creating a lively social environment. On the first floor there is additional seating and bar area. The indoor capacity is around 130 with permission granted by the local council for an additional outside seating area with a capacity of around 60.

Serving brunch in the day and becoming a cocktail bar by night, mixing elegant retro glamour and unique drinks along with a relaxed and intimate atmosphere has gained this business high reviews across multiple platforms and attracting a regular clientele who enjoy the ambience and atmosphere of this popular establishment.

The business currently has a fully functional website that is included in the sale of the business, along with all social media platforms and a music licence and sound system..

Location and Amenities:

Situated in a busy town centre location in the heart of Manchester City Centre. With good transport links making the premises easily assessable for both the owner and customers.

The business is surrounded by local amenities, bars and restaurants putting in the heart of a trendy and sought-after neighbourhood.

Growth Potential:

This is a perfect opportunity for any buyer looking to own a well-established business with the potential for further growth.

This already successful business could increase revenue by extending their opening hours to include a breakfast menu.

Offers and discounts throughout the week at quieter times to increase business and net profit.

Increase social media following by running incentive/competitions for customers on Facebook and Instagram accounts to boost

Financial Profile:

Tenure: Lease – Rents property only – 7 years remaining on lease

Turnover is available upon request.

Property:

The property is well maintained with a modern and bright interior. It is located over 2 floors and has a maximum capacity of 130.

The property consists of a bar area, seating area, fully equipped kitchen, and toilets.

The business has recently gained permission from the local council for a seating area outside which will increase the capacity by an additional 60 – 80 seats.

Security Features:

The property is fully secured with an alarm system throughout and 12 CCTV cameras covering both the inside and outside of the premises.

Fixtures and Fittings:

All fixtures and fittings are included in the asking price making it fully equipped and ready for any new owner to take over and continue running.

A full list of assets if available upon request.

Staff Members:

The business currently employs 8 staff members, they are all happy to continue their employment under new ownership.

This is a turn the key opportunity for any new owner looking to purchase an already existing business with the opportunity to increase revenue.

The business is currently open:

Monday – Thursday – 12 pm – 11pm
Friday – 12pm – 1 am
Saturday – 11 am – 1 am
Sunday – 11 am – 11 pm

Reason for Business Sale:

The current owner is selling the business due to other business commitments. This creates the perfect opportunity for any new owner to take over an already well-established and profitable business.

Would you love to be running an already successful business and to call it your own?

This is a business to get excited about and it is a rare opportunity in the market. We anticipate great interest in this amazing listing, and we don’t anticipate this business to be on the market for long.

This is a huge and unique business opportunity to become your own boss and carry out your passion daily.

A viewing of this property is highly recommended to appreciate its true value and the potential it has for any new owner..

Viewing strictly by appointment!!

If you are interested, please contact us to discuss any sale enquiries or arrange a viewing.

Property Information

Property:

Leasehold

Contact Silk Letting

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