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Modern Restaurant/Cocktail Bar: Central Manchester For Sale

Manchester, Greater Manchester, UK
Asking Price:
£149,999 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Fantastic Manchester Location
Annual Turnover £456,593
Well Equipped & Presented
All Day Trade
Management Team In Place
Demand For Further Locations
Fantastic Online Review
Trip Advisor - Top 100 Restaurants In Manchester
Scope To Introduce Deliveries
Could Suit Any Cuisine
EPC - C

REF 6875 – Leasehold Modern Restaurant/Cocktail Bar

Blacks Brokers are pleased to bring to the market this leasehold restaurant/cocktail bar located in Northern Quarter, Greater Manchester.

INTRODUCTION

Fress was established by our clients in 2017 due to a shared passion for food and dining out. The restaurant ethos is to provide a modern culinary experience with fresh original locally sourced foods presented in a unique style, all in smart and fashionable décor and fittings. This Fress store is the flagship branch of the chain, the business expanded to open a second site in 2018 in trendy Didsbury see reference 6876, entailing the same surrounding style and food that makes Fress so recognisable and popular. The name Fress originates from the old Germanic term ‘to pig out’ which our client felt suitably described the restaurants. Our clients have secured an enviable reputation in the Northern Quarter with the restaurant benefiting from a strong base of local customers as well as a huge amount of passing trade from visitors to the area. Excellent reviews are noted on Google, Trip Advisor, Facebook and Yelp.

LOCATION

This flagship restaurant in The Northern Quarter is located in a prominent trading position close to large multiples such as Toni & Guy as well as a range of independent retailers and businesses.

This location has superb public transport links and parking available in the surrounding areas.

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 and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a ten-year lease which began in 2017 at a cost of £577 per week.

STAFF

The business has 1 manager and 1 supervisor.

There are six front of house staff including the duty manager, with three full-time staff members with the remaining 3 members working part-time.
In the kitchen teams, there are 3 full-time chefs and 2 part-time kitchen assistants who all work part-time.

FINANCIAL DETAILS

Fress has traded well since opening in 2017 and has shown strong growth in this relatively short time. Full financial information is to be confirmed.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SAT: 08:00 - 22:00
SUN: 08:30 - 21:00

Contact Information

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