Wine bars for sale in Prestwich

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Busy Wine Bar - Prestwich

Prestwich, Greater Manchester, England

  • Leasehold Price: £54,950  Price Reduced arrow_drop_down
  • Sale Agreed
  • Annual Turnover: £131,746
  • Annual Gross Profit: £63,425
Seller Reference: 7093
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Business Description
 
 
 
 
 
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Seller Reference: 7093
Request Details
Business Description
Prominent Town Centre Location
Accounts Available Year End 28th February 2020
Annual Turnover £131,745.87
Gross Profit £63,424.83
Accounts Available After Viewing
Seating For 34
Open Just 5 Days A Week
Good Public Transport Links
Full Alcohol Licence In Place
Fantastic Online Reviews
Strong Social Media Following
Scope To Extend Opening Hours
Potential For Further Private Functions
Could Suit Any Cuisine
EPC – D
REF 7093 – Leasehold Wine Bar

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

INTRODUCTION

Basil and Lily was established by our client in this busy area of Prestwich in 2017. 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 on Google and Facebook. Basil and Lily has a comprehensive website in place and a strong social media following.

LOCATION

Basil and Lily occupies a main road trading position within a parade of shops, eateries and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Aldi and KFC. Prestwich Forest Park and Heaton Park are also close by. 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 interests 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 ten year lease which began in 2017 at a cost of £288 per week.

STAFF

The business operates with two full time and two part time members of staff in employment.

FINANCIAL DETAILS

Basil and Lily has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £131,745.87 and gross profit of £63,424.83. 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 nicely presented and well established business occupies an enviable trading position in a bustling area of Prestwich. 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 new opening hours and addition catering for private events. There is also potential to introduce new menu options. 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

Panini Press

Stainless Steel Sink

Stainless Steel Prep Unit

Drinks Fridges

EPOS Till

Shelving

Lease Items

Coffee Machine

Ice Machine

Fridges
Trading hours:
MON & TUE: CLOSED
WED & THU: 16:00 - 23:00
FRI: 12:00 - 00:00
SAT: 12:00 - 00:30
SUN: 12:00 - 22:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Basil and Lily operates from the ground floor of a spacious mid terraced property on the A56. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the rear of the space with seating for thirty four in a modern and beautifully presented dining area. To the rear is a fully equipped kitchen with wash up area and preparation area with separate toilet facilities.

Location Details:
Prestwich
Leasehold Term:
£288 Per Week
Listed by:
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