Bars for sale in Urmston

View the "Busy Mediterranean Style Bar - Urmston" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Busy Mediterranean Style Bar - Urmston

Urmston, Greater Manchester, England

  • Leasehold Price: £275,000
  • Annual Turnover: £280,928
  • Annual Gross Profit: £154,448
Seller Reference: 7234
Request DetailsEmail email
Business Description
 
 
 
 
 
Image 1 of 5 video_library
Seller Reference: 7234
Request Details
Business Description
Prominent Well Known Town Centre Bar
**Year End Accounts Available 31st March 2020**
Annual Turnover (31 March 2020) £280,928
Gross Profit (31 March 2020) £154,448
Accounts Available After Viewing
Seating Inside For 80 and Outside For 24
Free Of Tie - Independently Run
Potential To Introduce Food Sales
Retirement Sale
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 2020 show that the business has an Annual Turnover (31 March 2020) £280,928, Gross Profit (31 March 2020) £154,448. 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:
Request Details

Find out more about this business opportunity.

* REQUIRED

Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder imageloder image