Boutique cocktail bar for sale in Penwortham Lancashire, prime high street location
Penwortham, Lancashire
- Status
FOR SALE
- Advert ID
644065
- Reference
95427 / Rightbiz
- Call Agent:
- Leasehold: £104,995 (Stock at valuation)
- Turnover: £232,673 (£4,474 per week)
- Profit: On request
Business Details
LANCASHIRE BOUTIQUE COCKTAIL BAR IN HIGH STREET POSITION
South Ribble town of Penwortham
Prime high street location
Open plan trade area (40)
Well-appointed trade patio (30)
Stylishly decorated and furnished
Net sales year ended 31/07/2024 - £232,673
SELLER REF 95427
Penwortham is a town in South Ribble, Lancashire on the south bank of the River Ribble, facing the city of Preston. The town is one of the most up-and-coming locations in Lancashire and is a family friendly area thanks to its combination of good schools, green spaces and community focused amenities and events. The latter include Penwortham Gala and Penwortham Christmas markets.
The property sits on the junction of Liverpool Road and Priory Lane in a prime location, surrounded by other hospitality and retail outlets. The town lies just off the A59 which provides links to Preston city centre to the north-east and Ormskirk and Liverpool to the south. The town is served by junction 31 of the M6 motorway which connects to the M61 to Manchester, the M65 to Burnley and the M55 to Blackpool.
16 On The Hill is an established cocktail bar in the heart of Penwortham. It is situated in an enviable trading position on the town's main drinking circuit and attracts clientele from the local area and surrounding suburbs. The business is known for its signature cocktails and large selection of beers and spirits. It hosts bottomless brunches as well as private events including birthday parties and baby showers. The property has a pleasant ambience which contributes to its positive customer reviews and excellent ratings on sites such as Google, Facebook and Trip Advisor and boasting in the region of 7000 followers on Facebook and 2000 followers on Instagram. The business has its own website www.no16onthehill.com.
Net sales for the year ended July 2024 are £232,673. Full trading information can be offered to seriously interested parties following any viewing and with the consent of our clients.
LEASEHOLD £104,995 to include goodwill, fixtures and fittings. Stock at valuation in addition.
The Property is held on a full repairing and insuring lease for a term of ten years, commencing December 2021. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £1,166.66 per calendar month with an additional monthly maintenance charge of £80. The lease is free-of-tie.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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