Bistros for sale in Manchester

View the "Popular Licensed Restaurant / Bistro - Manchester" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Popular Licensed Restaurant / Bistro - Manchester

Manchester, Greater Manchester, England

  • Freehold Price: £584,995  Price Reduced arrow_drop_down
  • Leasehold Price: £195,000
  • Annual Turnover: £482,976
  • Annual Gross Profit: £335,000
  • Annual Net Profit: £50,000
Seller Reference: 6685
Request DetailsEmail email
Business Description
 
 
 
 
 
Image 1 of 5 video_library
Seller Reference: 6685
Request Details
Business Description
Long Established Since 2006
Annual Turnover £482,976
Gross Profit £335,000
Full Alcohol Licence
Run Under Management
5 Star Hygiene Rating
Fantastic Online Reviews
Well Equipped Throughout
1 Bedroom Accommodation Available
£7,800 Rental Income Per Annum
Seating Inside For 26 & Outside For 80
Freehold & Leasehold Options Available
Top 100 Out Of 1,800 Restaurant on TripAdvisor
Certificate Of Excellence From TripAdvisor
EPC - C
REF 6685 – Freehold & Leasehold Licenced Bistro/Restaurant

Blacks Brokers are pleased to bring to the market this freehold licensed bistro/restaurant located in a busy and affluent and fashionable area of West Didsbury, Manchester.

INTRODUCTION

Thyme Out has been trading on Nell Lane since 2006. Our client established the business to meet local demand for a licenced bistro in this area of Didsbury. The business is well known and has an exceptional reputation in the area and is considered one of Manchester's best brunch locations with a large base of regular customers and superb reviews noted on Facebook, Trip Advisor and Google. Our client has also established the business online with a comprehensive website. The business has a hygiene rating of 5.

LOCATION

The business is positioned on a busy main road close to Withington Community Hospital, West Didsbury Police Station and Cavendish Road Park. The area has a densely residential population and is well linked by the M60 and A5103. There are good public transport links and a private owned car park.

REASON FOR SALE

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

LEASE

Should a new owner wish to go for the leasehold option the building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. A new five year lease will be negotiated at a cost of £346 per week.

STAFF

The business is currently operating with ten members of staff in employment. Our client does not have hands on involvement in the day to day running of the business.

FINANCIAL DETAILS

Thyme Out has traded well since opening in 2006. We are advised that the business currently has annual turnover of £482,976 with gross profit of £335,000. Full financial details are available upon viewing.

BUSINESS RATES

The business has a rateable value of £16,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position on a busy road. There is plenty of scope to develop the business further with an extension of opening times which is already approved in the licence and the introduction of delivery services with companies such as Just Eat and Deliveroo. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Trading hours:
Monday - Friday: 8:00am - 4:00pm - (Licenced until 6pm)
Saturday - Sunday: 8:00am - 4:30pm - (Licenced until 6pm)
Tenure:
Leasehold, Freehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Thyme Out operates from the ground floor of a spacious, detached property with large covered seating area for 32 to the front. The front of the building displays the Thyme Out branding and logo. Inside, the main dining area offers seating for 26 and is modern in appearance with tiled flooring and large bespoke counter/servery area to the rear. Behind this is a commercial, fully fitted kitchen with walk in fridge, stainless steel worktops and much more. There is a second outdoor seating area to the rear offering further seating for 48. All areas are presented immaculately and are fitted with high end equipment which has been well maintained including a 3 phase gas and electricity supply.

The first floor of the property is currently used as accommodation with one bedroom, living room, kitchen and walk in shower room. The accommodation has a separate entrance from the back of the property and is available additional to the ground floor business at a rent of £9,000 per annum.

Location Details:
Manchester
Leasehold Term:
£480.76 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.

Legal Services

Would you like a free no-obligation quote from a commercial law firm who could help you to buy this business?

You will be contacted by a specialist commercial solicitor from the Legal Marketing Works Network.

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