Popular Caribbean Bar in Greater Manchester

Altrincham, Manchester
REF: R06730

Asking Price:
£99,950
Annual Turnover:
£1,040,000
Annual Net Profit:
TBC
REF: R06730

Overview

Tenure:
Leasehold
Established:
2017
  • Brilliant reputation
  • Strong online presence and brand imagery
  • Wide range of authentic Caribbean cocktails
  • Large, contemporary premises
  • Late alcohol licence (until 3am)

The business for sale is a contemporary bar specialising in a unique Caribbean experience in a prime location in Greater Manchester.

The bar has built up a large customer base due to its delicious rum-based cocktails and excellent ambience. It previously also operated as a restaurant, creating authentic dishes which combined Caribbean spices with fragrant marinades and signature meaty mains, alongside popular vegan and children's options. Pre-Covid, the business was generating a fantastic £20,000 per week and the full accounts will be provided during viewings.

The bar has responded to industry changes during the Covid-19 pandemic by significantly extending the premises' front space. This has doubled the overall venue space to a total of 10 metres by 5 metres, enabling the business to host up to 80 people both inside and outside. The spacious premises are modern with a warm décor to provide a great atmosphere for guests.

Additionally, the bar has the attractive asset of being 1 of only 3 businesses in Altringham to have an alcohol licence which permits it to serve until 3am, further cementing its status as a local favourite destination to socialise and enjoy exquisite drinks.

The business operates from large premises within a unique building incorporating a warm, colourful yet contemporary décor primarily accommodating wooden furniture and bold, bespoke decorations and furnishings - which are included within the sale. Additionally, the lease has a right to renew.

The premises are set on the ground floor and host an attractive covered outside area. As the company is now set up as a bar-only business, its premises consist of a central bar area, VIP spaces, an integrated bar line, and a brand new marbled toilet. It also boasts 4 upholstered booth seats and tables. The venue no longer has a working kitchen, but does have a brand new extractor system in place. Nonetheless, this can be reconverted back to a kitchen.

The current owner is also willing to discuss a transitional period, if needed. In addition, there is consultancy available for first 6 months as a hand over of operations if taken on as ‘The Drop’, this includes license to use the brand.

This is an opportunity which would best suit an established national operator or a large regional player looking for the next step.

Despite firm foundations set, there are ways to grow the business further. For example, the company would gain exposure by implementing an advertising campaign to showcase the already established online presence. Remaining open for longer during the winter months would also ensure that the company does not miss out on large family and friend socials.

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  • Altrincham, Greater Manchester
  • prominent location
  • High footfall
  • Surrounded by complimentary businesses
Rent
£15,000
Rates
£0
Lease Term
10
Lease Expiry
2029
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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