Business for Sale in Manchester

Manchester, Greater Manchester
REF: R06117

Asking Price:
£299,999
Annual Turnover:
£422,000
Annual Net Profit:
£45,000
REF: R06117
Photo of Business for Sale in Manchester
Photo of Business for Sale in Manchester
Photo of Business for Sale in Manchester
Photo of Business for Sale in Manchester

Overview

Tenure:
Leasehold
Established:
2012
  • Extremely popular private hire venue
  • Outstanding online reviews
  • Lavishly decorated premises
  • 2021 - £15k refurbishment just completed

Operating as a sophisticated yet welcoming private hire, cocktail bar and ale bar since 2012, the venue has enjoyed immense popularity amongst its wide-ranging clientele as both a bar for informal afterwork/evening drinks, as well as a private hire venue capable of hosting events for all occasions, be it an unforgettable wedding or large corporate function.

Its fantastic reputation for professional and accommodating service –it has won awards for its private venue hire offer – as well as its grand, uniquely-designed premises, which includes an outdoor terrace area, equip any new owner with strong foundations to build upon its current high levels of success.

This highly-regarded venue has a capacity of up to 300 people and caters for the general day to day public as well as to an array of private functions, covering everything from birthdays, weddings, Bar Mitzvahs and engagements to wine tasting, gigs and charity events.

Set in a three-floored Victorian Lock Keeper's Cottage situated next to the Rochdale and Pennine canal, the venue exudes a homely, antique feel, with frosted windows, exposed beams and brickwork which convey both style and comfort. A spacious lounge filled with church pews and stool seating, a large bar area, access to a large private
terrace, toilet facilities and a large cellar are located in the basement.

Ideal for a current owner-operator of a similar business or first-time buyer looking for a lucrative venture, a new proprietor could grow current takings.

Introducing daytime trading hours and the introduction of a food offering would attract additional clientele and help to increase the turnover. Expanding the terrace would increase the business’s capacity and allow for further customers.

Applying for a wedding license for the Attic and Study would also accommodate the high demand, currently reflected in numerous inquiries, which would significantly increase an already profitable wedding booking.

Features

Online Presence

Location

  • High Footfall

Property

Annual Rent
£60,000
Annual Rates
£19,995
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
XXXX
Management Structure
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Number of Employees
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Current Ownership
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