Pubs for sale in Manchester

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Imran Ahmed (Nov 2014)
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Freehold Price: £1,000,000 Turnover: £526,078 Gross Profit: £354,647
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Business Description
BUSINESS
Hilton Smythe Commercial introduce with pleasure The Green Sports Bar and multi-use entertainment venue, which was established by our clients 2 years ago, and is only offered for sale as our client pursues other interests.

Primarily The Green has established itself as being a stylish sports bar, specialising in providing interactive golfing facilities. However, the business has flourished dramatically in its early stages and been able to compliment its main offering by establishing itself as a corporate and live entertainments venue.

Currently, the business offers eight interactive, satellite, linked video screens, for multiple players, which accurately simulate over 50 of the world's best golf courses, with breathtaking realism and precision.

Having recently agreed a new deal with Heineken the business is only tied to draught beer.  Additionally, Heineken pay the business £5000 per annum for advertising.

In addition to the golf simulators, The Green offers a plethora of other exciting gaming facilities such as PlayStation, booths for Xbox consoles and Karaoke facilities, numerous fruit machines and interactive quiz machines, along with the more traditional table games of pool and football. The Green is the official venue for Lucky Voice Karaoke and the official sports bar for Salford University.

The stylish interior and furnishings of The Green, coupled with its trading location, make it the ideal venue for the lucrative, professional, city clientele, and it has proved very popular with none-sports fanatics due to its versatile and thoughtful layout, and general appeal.

The live entertainments programme at The Green has become a pivotal part of the weekly schedule, with regular repeat events such as a quiz night and curry night, and in turn repeat events will attract repeat custom.

  

The business has recently introduced a stylish, no fuss, food menu, which compliments the venues overall feel. Simple but 'honest' meals, prepared to order, such as pizzas, Panini's, burgers, etc.  Although still in the early stages, the food service has been successful, however it is felt that this could be developed further with a greater deal of dedication to the food element of the business and possible refurbishment of the kitchen facilities.

The thoughtful design and layout of the customer areas allows for the flexibility of private parties within The Green, whilst still trading to the public.  This has so far allowed our client to offer hugely successful hen / stag parties and Christmas bookings.

In addition to the hen / stag parties, the business lends itself to corporate events, with an already impressive list of clients such as major sporting brands, a top Manchester Law firm and Premier League Football Clubs, all with a variety of different needs such as team building events, exhibits and networking meetings.

Currently, the business does not undertake any form of intense or regular marketing of its services. The business did venture into producing a radio advert, and the general response was good. However, an investment in some fresh and intense marketing would most certainly increase the customer base and profitability. The business benefits from having an excellent website which is currently used well to promote the business and facilities, however, there is considerable scope to improve the marketing on the website, one possibility would be the addition of a mailing list facility.

The Green would be the ideal addition to a variety of prospective purchasers, from the multi national chain leisure companies to the smaller, independent owner. The stylish interior and overall atmosphere could easily be slotted into a large portfolio of similar venues, through its more corporate, but honest and genuine atmosphere.

LOCATION
Within The Green, whilst still trading to the public.  This has so far allowed our client to offer hugely successful hen / stag parties and Christmas bookings.

In addition to the hen / stag parties, the business lends itself to corporate events, with an already impressive list of clients such as major sporting brands, a top Manchester Law firm and Premier League Football Clubs, all with a variety of different needs such as team building events, exhibits and networking meetings.

Currently, the business does not undertake any form of intense or regular marketing of its services. The business did venture into producing a radio advert, and the general response was good. However, an investment in some fresh and intense marketing would most certainly increase the customer base and profitability. The business benefits from having an excellent website which is currently used well to promote the business and facilities, however, there is considerable scope to improve the marketing on the website, one possibility would be the addition of a mailing list facility.

The Green would be the ideal addition to a variety of prospective purchasers, from the multi national chain leisure companies to the smaller, independent owner. The stylish interior and overall atmosphere could easily be slotted into a large portfolio of similar venues, through its more corporate, but honest and genuine atmosphere.

One major advantage is the fact that the business is currently free of tie, and able to trade without ordering and stocking restrictions, which gives the business the flexibility to explore cost saving measures when procuring stock.

TENURE
We are advised Freehold.  

Our client would consider a leasehold option.

OPENING HOURS
The business currently operates during the following hours:  

Monday - Saturday 10:00 - 11:30

Sunday 12:00 - 18:00

STAFF
Currently the business is owner managed and run, employing approximately six staff on part time basis and four full time members of staff.

FINANCIAL PROFILE
The business turnover is approximately £526,100 per annum with gross profit in the region of 67%. Further financial details are available upon request.




Tenure: Freehold

Listed by: Hilton Smythe
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