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Newly Fitted Bar - Chorley For Sale

Chorley, Lancashire, UK
Asking Price:
£69,995 Furniture / Fixtures included
Sales Revenue:
£166,062
Cash Flow:
£9,113

Prominent Main Road Position
Annual Turnover 30/04/19£166,062
Gross Profit 30/04/19£72,955
Strong Base of Regular Customers
Located Within A Busy Parade
Highly Sought After Area
Fantastic Online Reviews
Five Star Hygiene Rating
Great Transport Links
Large Amount of Passing Trade
Strong Social Media Following
Parking Available in Immediate Area
Scope To Extend Opening Hours
Potential To Introduce Food
EPC – TBC

REF 6911 – Leasehold Newly Fitted Bar

Blacks Brokers are pleased to bring to the market this leasehold bar located in a densely populated after area of Eccleston, Chorley.

INTRODUCTION

The Greenhaus was established in this busy residential area in 2017, our client carefully selected this position due to the busy surrounding area and high amount of passing trade. The bar is very well known and has a strong base of regular customers in place. Our client has ensured the business has a five star hygiene rating, superb reputation and excellent reviews are noted on Google, Facebook and Trip Advisor. The Greenhaus has a strong social media presence and following.

LOCATION

The Greenhaus occupies a prominent trading position in a parade of businesses within a residential area. The area is densely populated and neighbouring businesses include a hair and beauty salon, dental surgery and offices. The area has a good range of local amenities, schools and large multiples such as Sainsbury’s local. Eccleston is well linked by the M6, it has strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client's other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair & Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2018 at a cost of only £192 per week.

BUILDING LAYOUT AND DESIGN

The Greenhaus operates from a single storey, mid-terraced property within a popular shopping parade. The business has striking branding and signage on display above a fully glazed frontage. Inside, the main bar offers seating for sixteen and is presented exceptionally well with wooden fittings, freestanding tables and chairs with the bar to the side, this area is fitted with air conditioning. There are also ladies and gents toilet facilities as well as a beer cellar used for storage and an enclosed yard to the rear with additional outhouse storage. All fixtures and fittings are of good quality and were newly fitted in 2017. The only leased item is the glass wash. All areas of this business have been finished to a high standard.

STAFF

The business operates with one part time member of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

The Greenhaus has traded well since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover 30/04/19 of £166,062 with gross profits of £72,955 with a Net Profit of £9,113 before EBITA .Further financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is a newly fitted, well known bar with a large customer base in a highly sought after area of Chorley. There is plenty of scope to develop the business further with the introduction of longer opening to include lunchtimes and potentially, the introduction of food sales. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Thursday 5pm - 10pm
Friday 4pm- 12pm Friday
Saturday 4pm - 8pm
Sundays 4pm - 8pm

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