City Centre Manchester Cocktail Bar

Manchester, Greater Manchester
REF: R06117

Asking Price:
£299,999
Annual Turnover:
£422,000
Annual Net Profit:
£45,000
REF: R06117

Overview

Tenure:
Leasehold
Established:
2012
  • Extremely popular private hire venue
  • Outstanding online reviews
  • Year on year profit increase
  • Within major nightlife location
  • Lavishly decorated premises
  • 15k Refurbishment just completed

Now available to the market is this incredible award winning three-story private hire venue & cocktail bar situated in the heart of Manchester’s major nightlife hub.

Operating as a sophisticated yet welcoming private hire and cocktail bar since 2012, the venue has enjoyed immense popularity amongst its wide-ranging clientele as both a bar for informal after-work/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 array of private functions, with everything from birthdays, Bar Mitzvahs and engagements to football evenings, wine tasting and charity events. The business also collaborates from time to time with Funzing UK and an Indie film club to host talk nights and film screenings, both of which have proven extremely popular amongst the general public.

Set in a three-floored Victorian Lock Keepers Cottage situated next to the Rochdale and Pennine canal, the venue exudes a homely, antique feel, with exposed beams and brickwork which radiate 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 events such as a comedy club evening would attract additional clientele and help to increase the turnover. Expanding the terrace would increase the business’s capacity and allow for further customers. Presenting food menus would also help to significantly heighten figures, facilitated by fitting a kitchen- something the owners are currently working on through extending the terrace to add an outdoor kitchen.

Applying for a wedding license for the Attic and Study would also accommodate the high demand, currently reflected in numerous enquiries, which would significantly increase an already profitable wedding booking. As the current owner is willing to stay on for a transitional period to be agreed on, the new owner would be given a complete handover of daily business operations.

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  • Popular nightlife area
  • Good transport links
  • Complementary businesses nearby
  • Prime situation
  • Easily accessible
Rent
£60,000
Rates
£19,995
Lease Term
10
Lease Expiry
2 years remaining
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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