Bars for sale in Urmston

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Busy Mediterranean Bar - Urmston

Urmston, Greater Manchester, England

  • Leasehold Price: £275,000
  • Annual Turnover: £345,457
  • Annual Gross Profit: £209,170
Seller Reference: 7234
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Business Description
 
 
 
 
 
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Seller Reference: 7234
Request Details
Business Description
Close To Railway Station
Free Of Tie
Retirement Sale
Accounts Available Year End 31st March 2019
Annual Turnover £345,457
Gross Profit £209,170
Accounts Available After Viewing
Seating Inside For 80 and Outside For 24
Potential To Introduce Food Sales
EPC - C
Blacks Brokers are pleased to bring to the market this leasehold Mediterranean Bar in Urmston, Manchester.

INTRODUCTION

The Three Barrels has been trading on Flixton Road, Urmston since 2016 when our client opened the business. The Three Barrels is Urmston's first Mediterranean Wine Bar also stocking European lagers, craft ales and a variety of spirits. They are a dog friendly bar, and all dogs receive free treats and water. The business has a huge social media following with over 6000 people checking in on Facebook and having over 900 followers. The business is free of tie and has seating for eighty inside and an additional twenty four outside.

LOCATION

Situated within this popular location on the busy Flixton Road with high levels of passing trade just two hundred a fifty yards from the nearest railway station and only one mile from the M60 the business has ideal transport links. Big brand names are close by with Aldi, Iceland, Costa Coffee,Sainsbury’s close by to name but a few.

REASON FOR SALE

This opportunity has become available due to our client’s retirement plans and therefore the business has been placed on the open market at this appealing price point.

LEASE

The unit is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The lease commenced in 2016 on a six year term, it has a three year break clause and a three year rent review. The current rent is £288 per week which represents excellent value for such a prime location property.

BUILDING LAYOUT AND DESIGN

The lease covers the ground floor only. The unit has a glazed frontage which delivers a light and airy feel to the interior with striking signage that creates excellent brand identity.

Once inside, the main door leads int he bar are with a serving counter towards the rear. Further back there is a kitchen, ladies and gents toilet facilities and an exit that leads onto the beer garden. There is also a celler area that is covered on the lease. The unit is 100% commercial.

STAFF

Our clients work in the business on a part time basis and both are supported by three additional part time members of staff.

FINANCIAL DETAILS

The accounts year end 31st March 2019 show that the business has an annual turnover of £345,457 and a gross profit of £209,170 with an unadjusted net profit of £113,000. Full accounts can be made available after viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief.

SUMMARY

This is an exceptional opportunity to build upon the solid trading foundations that have been laid down. The business has built a strong customer base with very strong local trade with a turnover that has increased year on year. If a new owner was looking to increase the revenue extending the opening hours and introducing food would certainly grow the business. This is an ideal opportunity and early viewings are advised. Fixtures:
Tables

Chairs

Bar Fittings

Wall Art

Flat Screen TV

Surround Sound System

Epos Till

Garden Furniture
Trading hours:
MON: CLOSED
TUE - THU: 17:00 - 23:00
FRI: 16:00 - 23:30
SAT: 13:00 - 00:00
SUN: 13:00 - 22:00
Tenure:
Leasehold
Location Details:
Urmston
Leasehold Term:
£288 Per Week
Listed by:
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