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Manchester City Centre Music Venue/restaurant/bar For Sale

Greater Manchester, Greater Manchester
Asking Price:
£349,995
Turnover:
£2,300,000
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market a newly established and extremely highly rated, restaurant and live music venue.

The business was established in July 2019, a full renovation of the premises was completed, only now is the business offered to the market as our client is looking to move on to their next venture.

The business currently offers an American style menu of Pizza, Salads, burgers, shakes, bagels and desserts. The pizzas are freshly made and baked in the huge fitted pizza oven. The premises have a license to serve alcohol until 4am.

The business is very highly rated on Google and Facebook.

The business has seating for 150 plus with a capacity for 350, the venue has a large stage and dancefloor. To the left of the premises is the fully fitted commercial kitchen which leads through to the pizza prep and bake area.

The business already has its own website as well as a large following on their Facebook page. Our clients are offering a handover period to ensure the continued success of the business.

There is also ample scope to increase the turnover, by opening longer hours, pushing advertising and increasing events.

Reasons to buy

Business still in growth period
Great location
New equipment and fully renovated to a high standard
Huge amount of scope to increase income
Excellent reputation
Fully trained staff members
Recent renovation

This is a fantastic opportunity that is not to be missed. Viewings are by appointment only and all enquiries are to be directed to Hilton Smythe.

Location
The business is situated in Manchester city centre.

The business is surrounded by complimentary shops and offices, benefiting from a high volume of footfall and passing trade. The business further benefits from ample nearby carparks.

The area of the business is well-served by the public transport system, with bus and tram stops within easy walking distance of the property.

The area is also well served by the A-roads within easy driving distance, which links to the Motorway network.

Premises
The business occupies an excellent city centre location attracting a large amount of footfall, with excellent eye caching signage. Circa 486sqm

The business is styled with high quality, modern décor and bespoke lighting.

Male, female wc on the 1st floor and disabled wc on the ground floor

Equipment included in the sale

Tables and chairs
Till system and card reader
Double drinks display fridges
External seating
Bar fridges and display shelving
Fully fitted commercial kitchen housing the large pizza oven
4 chest freezers
Commercial oven and hob
Ample stainless steel work benches
Fryers
Pot wash area with dishwasher
Ample crockery
Extraction system
Racking

There is also a large storage room behind the kitchen.

Tenure
We are advised the premises is leasehold with 9.5 years remaining on the current lease.

The annual rent is £100,000.

Hours
Sunday - Thursday 11am - Midnight

Friday - Saturday 11am - 3am

Food is served everyday 11am - 10pm

Staff
The business is currently owner ran with 10 part time staff members on zero-hour contracts.

Financial Profile
The business is currently taking over £10,000 weekly, and still in the growth period.

Property Information

Property:

Leasehold

Contact Information

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  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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