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Manchester City Centre Real Ale House Restaurant Music Venue

Undisclosed, Manchester
Leasehold Price:
£349,995
Status
FOR SALE
Advert ID
250556
Reference
B05600 / Rightbiz
01204556300
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.



Seller Details
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Listing Details
Leasehold Price: £349,995
Tenure: Leasehold
Location: Undisclosed, Manchester
Marketed By: Hilton Smythe
Sector: Bars, Restaurants
Financials
Annual Turnover: £1,560,000
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