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Restaurant And Bar In Chorlton For Sale

Chorlton, Greater Manchester
Asking Price:
£149,950
Sales Revenue:
£728,000
Cash Flow:
Not applicable

This well established business has been owned by our client since 2015 and is only for sale today due to our client’s other business ventures. The business achieves its current level of turnover, whilst offering further potential for an enthusiastic owner operator to increase the takings, by way of, for example, introducing breakfast opening times & outside catering. This business has already gained an excellent reputation within the area, achieving a 4.5 star rating on from over 550 reviews.

Property Information

Property:

Leasehold

Lease Terms:

6 year lease from March 2018, with 3 yearly rent reviews

Leasehold Rent:

£24,076 per annum

Location:

This business is superbly located within a busy parade on a very busy main road, surrounded by many independent businesses, eateries, bars, shops and a large residential area, highly popular with students and young professionals. The business also benefits from high levels of passing trade, both vehicular and footfall.

Premises Details:

The premises with heated covered al fresco seating for approximately 20 provide seating area for approximately 40, small ‘L’ shaped bar, WC facilities, rear kitchen providing heated pass, preparation area, charcoal grill, 6 burner oven, cold storage, washing up area, exit to small yard & 2 x store rooms. The 1st floor provides 3 x bedrooms, lounge, kitchen & bathroom.

Energy Performance Rating:
D

Business Operation

Competition / Market:

• Taking £12,000-£14,000 per week
• Rent £463 per week
• Much sought after location
• Very busy main road
• Surrounded by many independent bars, restaurants, cafes & shops
• Seating for 40 plus al fresco seating for 20
• Area highly popular with students and young professionals
• Facing bus station
• 3 bedroom accommodation (let through Booking.com & Air B&B @ £2,500-£3,000 per calendar month)
• Large surrounding residential area
• Scope to introduce breakfast opening hours & outside catering
• High levels of passing trade
• Hours of Opening 5:00pm – 12:00midnight Monday & 12:00midday – 12:00midnight Tuesday to Sunday
• 6 year lease from March 2018, with 3 yearly rent reviews

Trading hours:

5:00pm – 12:00midnight Monday & 12:00midday – 12:00midnight Tuesday to Sunday

Contact Information

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