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Manchester City Centre - Real Ale House/restaurant/music Venue For Sale

Manchester, Greater Manchester
Asking Price:
£349,995
Turnover:
£1,560,000
Net Profit:
Available on request

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

The business was established in May 2019, a full renovation of the premises was completed, only now is the business being offered to the market as our client is looking to move back to New Zealand.

The business is a specialist craft beer and live music bar serving quality food in the heart of Manchester’s city centre. With a total of 24 taps rotating a variety of beers, ales and lagers, many hailing from the city’s local breweries. Alongside the beer there is an exciting menu of sausage and mash, Sunday lunches, steak and chips and hotdogs to name a few.

The business is very highly rated with excellent Trip advisor and google reviews.

The venue has seating for 150+ with a capacity for 400, the venue has a large stage for the music events. To the rear of the premises is the huge fully fitted commercial kitchen.

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 exceeding costs of £1m.

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.

The business is styled with high quality, modern décor and bespoke lighting – bar area to the left and stage area to the right of the premises.

Male, female and disabled wc

Equipment included in the sale

Tables and chairs
Till system and card reader
Double drinks display fridges
External seating
Bar fridges and display shelving

To the rear of the premises is the fully fitted commercial kitchen housing:
Large walk in fridges
Electric hobs and grills
Ample stainless-steel work benches
Fryers
Pot wash area with dishwasher
Ample crockery
Extraction system
Commercial ovens
Microwaves
Racking

There is also a large storage room behind the kitchen.

Tenure
We are advised the premises is leasehold with 9.5 years remaining, the landlord has advised our clients a new lease would be available to the purchaser.

The annual rent is £80,000.

The business rates are £40,000.

Hours
Sunday - Wednesday 12pm - 12am

Thursday - Saturday 12pm - 3am

Staff
The business is currently owner ran with 4 chefs and 5 bar staff.

Financial Profile
The business is currently taking over £10,000 weekly, and still in the growth period, with the end of year projection at £1,560,000.

Assets included in the sale amount to over £750,000.

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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