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Popular Craft Ale & Gin Bar - Higher Walton

Preston, Lancashire, England

  • Leasehold Price: £30,000  Price Reduced arrow_drop_down
  • Sale Agreed
  • Annual Turnover: £64,675
  • Annual Gross Profit: £29,382
Seller Reference: 6993
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Business Description
 
 
 
 
 
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Seller Reference: 6993
Request Details
Business Description
Close To Preston City Centre
Accounts Available To 31st March 2019
Annual Turnover £64,675
Gross Profit £29,382
Further Financial Info Available After Viewing
Seating For 45
Air Conditioning Throughout
Fully Equipped
Free Parking In Immediate Area
Alcohol & Live Music Licence
Fantastic Online Reviews
Potential To Extend Opening Hours
Scope To Introduce Food
EPC - D
REF 6993 – Leasehold Craft Ale & Gin Bar

Blacks Brokers are pleased to bring to the market this leasehold craft ale and gin bar located in Higher Walton, Preston.

INTRODUCTION

Cann Bridge Ale House was established in by our client in this popular area of Higher Walton in 2018, the business was fully refitted prior to opening. The bar 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 on Google, Trip Advisor and Facebook in addition to the business noted in The Good Beer Guide.

LOCATION

Cann Bridge Ale House occupies a prominent trading position in the centre of Higher Walton. The area is densely populated both residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as The Post Office. The area is well linked by the M6 and M61 with good public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operating team but due to the demands of 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 three year lease which began in 2018, this runs at a cost of £150 per week.

STAFF

The business operates with our client in full time employment with the support of one casual member of staff as required.

FINANCIAL DETAILS

Cann Bridge Ale House has traded solidly since opening and our client has established a strong repeat customer base in a relatively short time. We are advised that the business has annual turnover of £64,675 and gross profit of £29,382. Full financial information is available upon request.

BUSINESS RATES

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

SUMMARY

This is a newly established business which occupies a superb trading position and has a strong base of regular customers in place. Our client has worked hard to generate interest and has provided a solid foundation for a new owner. There is plenty of scope to develop the business further with the introduction of a website, strong marketing drive, longer opening hours and additional staff to manage a higher workload. 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. Fixtures:
Tables

Chairs

Bar Fittings

Electric Fire

Air Conditioning Unit

Mirrors

Pumps

Drinks Display Fridge

Commercial Glass Wash

Ice Machine
Trading hours:
MON & TUE: CLOSED
WED - FRI: 16:00 - 23:00
SAT & SUN: 15:00 - 23:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Cann Bridge Ale House operates from the ground floor of an impressive corner property with central entrance. Clear branding and signage is displayed above glazed areas. Inside, the main bar offers seating for forty five with a range of freestanding tables and chairs in place. The bar is positioned to the rear of the space, this is fitted with pumps, display cabinets and commercial glass wash. There are also ladies and gents toilet facilities and a fully equipped kitchen. Air conditioning is in place throughout and each area is well presented. A full inventory is available upon request.

Location Details:
Preston
Leasehold Term:
£150 Per Week
Listed by:
Request Details

Find out more about this business opportunity.

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Finance Services

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