Bars for sale in Stretford

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Popular Bar With Online Sales- Greater Manchester

Stretford, Greater Manchester, England

  • Leasehold Price: £49,950
  • Annual Turnover: £117,709
  • Annual Gross Profit: £64,667
Seller Reference: 7143
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Business Description
 
 
 
 
 
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Seller Reference: 7143
Request Details
Business Description
Prominent Main Road Location
Accounts Available Year End 31st March 2019
Annual Turnover £117,709
Gross Profit £64,667
Online Sales £1000 per week during COVID-19
Fully Equipped
Fantastic Online Reviews
Massive Social Media Audience
Potential For Introducing Food
EPC - B
REF 7143 – Leasehold Bar with Online Sales

Blacks Brokers are pleased to bring to the market this leasehold bar located in Stretford, Greater Manchester.

INTRODUCTION

The Sip Club was established by our client in this up and coming area of Stretford in 2014. The business hosts a range of events, workshops and functions in addition to the usual bar opening times. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. The Sip Club has a massive online following and website.

LOCATION

The Sip Club occupies a main road trading position within a parade of shops and offices. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as Aldi, Boots and The Halifax. Stretford town centre and Victoria Park are also nearby. The area is well linked by the M60 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a six year lease which began in 2020 at a cost of £173 per week.

STAFF

The business operates with two part time members of staff in employment that have a managerial role. They both have over two years service therefore providing customers with continuity in the event of a sale.

FINANCIAL DETAILS

The Sip Club has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st March 2019 show annual turnover of £117,79 and gross profit of £64,667. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This popular and well established business occupies an enviable trading position in a bustling area of Stretford. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours, more events and workshops and food sales. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Recently the business has enjoyed major success in offering a delivery service, offering draft beers, cocktail kits etc. This service has proved immensely popular largely due to our clients early investment in the social media presence allowing the business to communicate to its loyal customer base in these challenging times. This initiative demonstrates the goodwill that our client has developed since opening in 2014. Early viewings are strongly advised. Fixtures:
Tables

Chairs

Bar Fittings

Toys

Games

Wall Art
Trading hours:
MON - FRI: 18:00 - 23:00
SAT: 14:00 - 00:00
SUN: 16:00 - 22:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
The Sip Club operates from the first floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display and the bar is entered via a private staircase. Inside, the bar is well presented with a range of seating available. There are also two private function rooms, toilet facilities and a fully equipped kitchen. All areas are presented well.

Location Details:
Stretford
Leasehold Term:
£173 Per Week
Listed by:
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