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Stylish And Well Established Cocktail Bar In Atherton For Sale

Atherton, Greater Manchester, UK
Asking Price:
£100,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£200K - £500K
Cash Flow:
Under £50K

Offered to the market is this stylish and well established cocktail and liquor bar which offers food and afternoon tea throughout the daytime and then live music at the weekends.

We opened the bar in May 2019, a full renovation of the ground floor was completed before our launch date.

The premises occupies 3 floors but at present we only utilise the ground floor. The upper 2 floors have huge potential for future growth( subject to additional planning )

After 15 long years in business we now believe the time is right for us to take things a little easier which is why we’ve decided to put the business up for sale

In addition to the cocktails we specialise in craft beers with 10 rotating taps, many hailing from local breweries.

We have an exciting yet simple food menu ranging from pancake stacks to freshly made pizza , burgers and brunch.

Our business is highly rated on Trip advisor and Facebook and already boasts in excess of 2500 followers.

The bar has internal seating for 40 plus customers with a maximum internal capacity of 70.

To the rear of the premises we have a compact yet fully functional commercial kitchen which includes a pizza oven, double oven with grill, 4 ring hob , dishwasher , fridges plus a prepping / serving area. In addition to the kitchen there are 2 large store rooms to the rear, one of which occupies as the cellar which we had newly fitted in May 2019 with an cash outlay in excess of £6500.

The other room is fully fitted with shelves which we use for food storage plus it houses 5 large freezers and 2 fridges.

We know in the the right hands there is ample scope to increase the turnover by opening longer hours, social media advertising and increasing our ever growing event nights.

Reasons To Buy

Business still in its growth period.
Central location
Renovated a very high spec.
Scope to increase income
60% Gross Profit in 1st yr.
Excellent reputation
Fully trained staff members which are happy to stay on if required

The business is surrounded by shops, bars, salons etc plus there’s plenty of passing foot trade with ample nearby free parking. The locality is also well-served by the public transport system, with bus and train stops all within easy walking distance of the property.

in October 2018 we took out a 6 yr lease @ £9900 pa. The landlord has advised us that a new lease would be available to any future buyer.

Current Business Hours
Monday - closed
Tuesday closed
Wednesday 10am-6pm
Thursday 10-9pm
Friday- Saturday 10am - 1am
Sunday 10am - 1030pm

Staff
The business is currently run with 1 chef, a bar manager plus 5 part time bar staff.

Financials

The business currently takes in excess of £18000 pcm and has 2nd year full projection of around 1/4 million turnover. Gross profit in 1st year is 60%

Assets included in the sale equate to around £20,000 which include all the stock, furniture plus kitchen equipment etc.

SERIOUS OFFERS CONSIDERED OVER £100k

Property Information

Property:

Leasehold

Living Accommodation:

Possible living accommodation for new owners on top floor if required.

Business Operation

Employees:
Run by owners plus a bar manager and 6 part time flexi staff
Years established:
2019

Other Information

Furniture / Fixtures value:
£20,000 - included in the asking price

Contact Information

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