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Popular Sports Bar & Accommodation Leigh

Leigh, Manchester
Status
FOR SALE
Advert ID
243548
Reference
6812 / Rightbiz
Leasehold Price: £41,000
Annual Turnover: £138,684
Annual Net Profit: £16,521
    Main Road Trading Position

    Accounts Available Year End 31st March 2019

    Annual Turnover £138,684

    Gross Profit £70,728

    Accounts Available After Viewing

    Management Team In Place

    CCTV Fitted Throughout

    Well Equipped

    Ill Health Forces Sale

    Two Bedroom Accommodation

    Free Parking In Immediate Area

    Scope To Introduce Food

    Potential To Expand Opening Hours

    EPC – C

Description:
REF 6812 – Leasehold Sports Bar & Accommodation
Blacks Business Brokers are pleased to bring to the market this leasehold sports bar and accommodation located in a densely populated area of Leigh, Greater Manchester

INTRODUCTION
Taylor’s Bar has been trading on Wigan Road since 2009. Our client took ownership when the business was a restaurant and converted to a sports bar. A business of a similar nature has been operating here for almost sixty years. Taylor’s Bar is well known and has a superb reputation with a large base of regular customers and good reviews are noted on Google, Facebook and Trip Advisor.

LOCATION
The business is positioned on a main close to a number of residential properties and a handful of businesses. This is close to Leigh town centre which is home to large multiples such as Asda and B&Q as well as many independent retailers and eateries. The area is well linked by the M6 and M61 with good public transport links and free roadside parking is available immediately outside.

REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but due to our client’s ill health, the business is mainly managed by staff and therefore 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 competitive rate on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a twenty year lease which began in 2008 and is now a rolling agreement. This runs at a cost of £192 per week – this includes the first floor accommodation. A new lease can be negotiated.

BUILDING LAYOUT AND DESIGN
Taylor’s Bar operates from the ground floor of a spacious, semi detached property. The business has large signage displayed above a partially glazed frontage. Inside, the main bar area offers seating for twenty eight with TV's mounted to the walls. The business also has a separate darts room which has a television. The bar is positioned to the side with bar stool and a TV on the right hand side wall, there are also toilets and a large beer cellar. To the rear is a large enclosed beer garden.

The first floor accommodation comprises of two bedrooms, lounge, kitchen and toilet/wash room.

STAFF
The business is currently run under management with a further three part time staff members in place.

FINANCIAL DETAILS
Taylor’s Bar has traded solidly for years. Accounts for year ending 31st March 2019 show annual turnover of £138,684 with projected gross profit of £70,728. Full financial details are available upon viewing.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies a superb trading position in a busy area of Leigh. Our client has secured a superb reputation and large, repeat customer base. There is plenty of scope to develop the business further with the introduction of food sales and a strong marketing drive. New opening hours could also be beneficial. This proposition would therefore 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.

Fixtures & Fittings:
TV's
Stools
Under Counter Fridge x 2
Glass Washer
Bar (8 Pumps)
CCTV (8 Cameras)
Till


Opening Hours:
MON - THU: 16:00 - 23:00FRI & SAT: 12:00 - 02:00SUN: 16:00 - 23:00


Weekly Rent:
£192 Per Week. Weekly Rent:
£192 Per Week.
Listing Details
Location: Leigh, Manchester
Sector: Bars
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6812 / Rightbiz

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