Public Houses for sale in Irlam

View the "Pub & Restaurant With 3 Beds in Greater Manchester" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £164,995 Annual Turnover: £319,223 Gross Profit: £172,634 Annual Net Profit: £78,034
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Business Description
Next To The Co-operative Food
Annual Turnover £319,223
Gross Profit £172,634
£75,000 Per Annum In Just Eat Sales
3 Bedroom Accommodation
Revamp & Roof Repair in 2016
Owner Ran With Managers In Place
Scope To Introduce Quiz Nights & Karaoke
Customer Car Park
30% Wet Sales 70% Dry Sales
Free Of Tie
EPC - G
REF 6309 – Leasehold Pub & Restaurant With Accommodation

Blacks Brokers are pleased to bring to the market this leasehold pub and restaurant with accommodation located in a busy and densely populated area of Irlam, Greater Manchester.

INTRODUCTION

The Old Nags Head is a traditional British pub that was established in the 1700’s. Our client has been in ownership since 2016 and implemented a full re-vamp with roof renovation before opening. The business has a large base of regular customers and a most enviable reputation, having been awarded a five-star hygiene rating and earning excellent online reviews on Just Eat, Facebook, Google and Trip Advisor. This large property has plenty of space for event catering with large function room and also has owners living accommodation within the first floor. The pub is currently free of brewery tie.

LOCATION

The business occupies a prominent trading position on Liverpool Road in Irlam. The area has a good mix of both residential and commercial properties, with large multiples nearby including Tesco Express, Co-operative Food and Lloyds Pharmacy. Irlam is well linked by the M62 and M60, with excellent public transport links and the property boasts a good-sized car park.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operating partially under management due to the demands of our client's other business interests being higher than anticipated. Therefore, 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

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. The current lease is ten years with rent reviews every three. It began in 2018 and runs at a cost of £576 per week – this includes the first floor living accommodation.

BUILDING LAYOUT AND DESIGN

This impressive, detached property was built in the 1700’s and is traditional in appearance with large signage displayed to the front. Inside, the pub and restaurant is very nicely presented, with a combination of both modern and traditional features creating a comfortable atmosphere and relaxed environment for diners and guests. There is a large, well-stocked bar with seating and the dining area is spread across the entire ground floor with freestanding tables and chairs thoughtfully positioned – this offers seating for 165. The commercial kitchen is positioned to the rear of the ground floor and is fully-equipped with walk-in chiller, double fryer, commercial fridge/freezer and hot food/carvery counter. There is also a specific kids area, dessert station, cool room, boiler room, customer toilets and cellar.

The first floor contains the private function room – this offers seating for a further 65 guests and this has its own bar with 8 pumps along with toilet, office and store room. The owner’s accommodation is also housed within the first floor and can be accessed via the pub or from a separate entrance. The accommodation comprises of three large bedrooms, kitchen, lounge, bathroom and toilet. As with all areas of the property, this is presented well with good quality fixtures and fittings in place.

The property also boasts a spacious beer garden to the rear and two outdoor balconies.

STAFF

The business is currently operating with sixteen members of casual, part-time staff in employment in addition to three, salary paid managers and our client working on a full-time basis.

FINANCIAL DETAILS

The Old Nags Head has traded solidly since opening and flourished since our client took ownership in 2016. We are advised that the business currently has annual turnover of £319,223 with gross profit of £172,634. Currently sales are split at 70% food and 30% drink.

SUMMARY

This is a long-established pub and restaurant with excellent reputation and large customer base. Our client has driven this business forward and brought new custom to this area of Irlam. There is plenty of scope to develop the business further with the addition of new menu choices and potentially “all you can eat” menu options which could be served via the carvery area. There is also scope for late opening to increase drink sales further and the introduction of quiz nights, karaoke and other themed evenings which are popular in this business sector. 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:
160 Seats

Hot food/carvery counter

Display counter

Bar x 2 (one with 8 pumps and 12 pumps with space)

2 x Microwave

Double fryer

Grill

2 x Undercounter fridges

Saladette

2 x Rational ovens

Commercial fridge/freezer

Coffee machine

Warwick pump

Cooler

Rumbler

Walk in chiller
Trading Hours:
Mon - 11am–10:30pm
Tues - 11am–10:30pm
Wed - 11am–10:30pm
Thur - 11am–10:30pm
Fri - 9am–11pm
Sat - 9am–11pm
Sun - 9am–9:30pm

Tenure: Leasehold

Location Details: Irlam

Leasehold Term: Rent: £576 Per Week Including VAT

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6309
Seller Reference:
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