American-style diner and dessert restaurant for sale in Manchester's busy leisure area
City of Manchester, Manchester
- Status
FOR SALE
- Advert ID
651609
- Reference
B09629 / Rightbiz
- Call Agent:
- Leasehold: £199,995
- Turnover: £750,000 (£14,423 per week)
- Profit: £90,000 (12% Profit margin)
Business Details
Vibrant Food Business in One of Manchester's Busiest Leisure Areas
BusinessPlease quote reference B09629
BIG LICKS is a vibrant and fast-growing American-style diner and dessert restaurant situated within Manchester’s iconic Printworks leisure destination.
Trading under the highly recognisable BIG LICKS brand, the business has established an excellent reputation for premium burgers, loaded fries, indulgent desserts, waffles, shakes and takeaway dining.
The business benefits from strong brand awareness, a modern social media presence and additional income through Uber Eats and takeaway services. Operated as a Limited Company, the owners are now seeking a sale due to plans to move on to other opportunities.
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Location
The business occupies a prime trading position within Printworks, 27 Withy Grove, Manchester, M4 2BS, one of Manchester city centre’s busiest entertainment and leisure destinations.
The surrounding area attracts exceptionally high levels of footfall throughout the week due to its mix of restaurants, bars, cinemas, nightlife venues and retail operators. The location benefits from excellent transport connectivity and substantial passing trade from both locals and visitors to the city.
Premises
BIG LICKS trades from stylish leasehold premises which have been fitted and presented to a high modern standard throughout. The restaurant offers a contemporary and energetic dining environment with seating for approximately 40 customers, perfectly reflecting the fun and vibrant identity of the brand.
The premises are fully equipped for trade with quality fixtures, fittings and catering equipment included within the sale. We are advised that the asset value is in the region of £200,000.
Tenure
We are advised that the property is held on a leasehold basis with approximately 9 years remaining on the current 10-year lease. We are advised that the current annual rent is £65,000.
Hours
The current operating hours are:
Monday to Sunday: 12:00 pm to 11:00 pm
Staff
The business is currently operated by approximately 13 members of staff, including 7 full-time employees, supporting the successful day-to-day running of both the restaurant and delivery operations.
Financial Profile
We are advised that the business generates annual turnover in the region of £750,000 with net profits of approximately £90,000.
The business benefits from multiple revenue streams, including restaurant dining, takeaway trade and Uber Eats delivery services, creating a strong and resilient trading model.
BIG LICKS has established itself as a recognisable and profitable hospitality brand within Manchester city centre with excellent potential for future growth through increased marketing activity, expanded delivery coverage and continued brand development.
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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.
Stay Safe
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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