Wet-Led Community Pub with Nine Letting Rooms for Sale in Swinton, Manchester
Swinton, Manchester
- Status
FOR SALE
- Advert ID
624459
- Reference
95312 / Rightbiz
- Call Agent:
- Leasehold: £50,000 (Stock at valuation)
- Rent: £32,000 (£2,667 per month)
- Turnover: £185,000 (£3,558 per week)
- Profit: On request
Key Features
- Offers Invited
- New Lease
- Prime Location
- Free of Tie Leasehold
Business Details
GREATER MANCHESTER WET LED COMMUNITY PUB WITH NINE LETTING ROOMS
**LEASEHOLD FOR SALE**
Manchester suburb of Swinton
Sizeable detached building on main A road
Two trade areas (75)
4 letting rooms/5 dormitory rooms
Free-of-tie lease
Net sales circa. £250,000 per annum
SELLER REF 95312
Swinton is a town in the city of Salford, Greater Manchester that lies south-west of the River Irwell and 4 miles north-west of Manchester city centre. The town is an administration centre for Salford City Council and an established industrial area which serves the local community. The area is densely populated but includes open spaces and large green areas such as Victoria Park and Swinton Greenway. Swinton is well connected, being located close to the M60 ring road and A6, and has a good public transport system.
The Oddfellows Arms is a detached, brick built building under a pitched slate roof and dates back to 1860.
The Oddfellows Arms trades as a wet-led public house which serves the local community. The public house element of the business has not been operated to its full potential because our client has been focused on developing the letting rooms. These have proved hugely successful and popular with backpackers and workers visiting the area. The accommodation side of the business offers four double bedrooms and 22 dormitory berths which has advanced booking and is one of the highest rated B&B's in Manchester boasting excellent reviews and ratings. The business offers potential for growth via the introduction of a food menu (utilising its trade kitchen) and also through extensive marketing of the letting rooms on other booking sites.
The Oddfellows Arms hosts quiz nights, live music and karaoke as well as two pool teams. We are advised that net sales are in the region of £250,000 per annum, with roughly an equal split between the public house and accommodation.
LEASEHOLD £50,000 The public house trade inventory is under the ownership of the freeholder with the trade inventory of the accommodation under the ownership of the lessee.
The Oddfellows Arms is held on a full repairing and insuring lease agreement from a private individual for a term of seven years, which commenced in April 2021. The lease falls within the security provisions of the Landlord & Tenant Act 1954. Rent currently stands at £32,000 plus VAT per annum paid weekly in advance. The lease is free of all trade ties.
We are advised the Landlord will offer a new 6 year lease with rent reviews every 3rd year of the term.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
A full Premises Licence is held for the retail of alcohol:
Monday to Wednesday: 10:00 - 00:00
Thursday, Friday & Saturday: 10:00 - 01:00
Sunday: 10:00 - 00:00
CURRENT OPENING HOURS:
Monday to Wednesday: 19:00 - 00:00
Thursday to Sunday: 19:00 - 01:00
All mains services are connected.
Local Authority: Salford City Council, Salford Civic Centre, Chorley Road, Swinton, Salford M27 5AW Rateable Value: TBC
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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