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Established Family Run Sport & Music Bar Stockport For Sale

Stockport, Greater Manchester
Asking Price:
£79,500 Furniture / Fixtures included
Sales Revenue:
£210,000
Cash Flow:
Available on request

Busy Trading Location
Annual Turnover £210,000(Audited)
Gross Profit £80,032(Audited)
Same Owner Since 2004 / Retirement Sale
Free Of Tie
Short Hours & Wet Sales Only
New 10 - 15 Year Lease Offered
Customer Seating for 50
Rent £530 Per Week
Scope to Introduce Food Sales
EPC - C

REF 6292 – Leasehold Sports & Music Bar

Blacks Brokers are pleased to bring to the market this leasehold sports and music bar located in a busy and much sought-after area of Heaton Moor, Stockport.

INTRODUCTION

Cassidys has been trading on Shaw Road with our client in ownership since 2004. The bar has become an integral part of the local community, hosting regular sporting screenings and music events. It has established a strong base of regular, local customers and also benefits from some passing trade due to this excellent trading position. The business also has a good online and social media presence, with a strong following and lots of excellent Google and Facebook reviews in place. This business is able to continue trading as it stands.

LOCATION

The business is positioned within a parade of shops and businesses close to Heaton Chapel Train Station. The area is densely populated residentially as well as commercially and is well linked by the M60 – only ten minutes from Manchester Airport. Free parking is available immediately outside.

REASON FOR SALE

This business is reluctantly offered for sale due to retirement.

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 new lease will be fully negotiated with our client upon completion of the business sale. It will run at a cost of £530 per week.

BUILDING LAYOUT AND DESIGN

Cassidys operates from the ground floor of a spacious, mid-terraced property. The business is well branded with classic signage displayed above an attractive frontage. Inside, the main bar area is very nicely presented, with seating for fifty. It has wooden flooring fitted throughout with large, well-stocked bar to the side. The bar is complete with five display fridges, thirteen pumps and epos till. The main sports screen is a projector screen positioned at the rear of the main bar area with an additional six flat-screen televisions fitted around the room. CCTV is in place throughout and all fixtures, fittings and equipment are of excellent quality. Ladies and gents toilet facilities are in place. There is a garage to the rear with 2 floors, currently used as storage.

The first floor of the property is not included in the business lease and is currently tenanted living accommodation.

STAFF

The business is currently operating with our client and partner in part-time employment supported by five members of part-time staff.

FINANCIAL DETAILS

Cassidys has traded solidly since opening. The business generates a projected annual turnover of £210,000 with projected gross profits of £80,000 plus. Full financial details are available upon viewing.

SUMMARY

This leasehold business occupies an enviable trading position and is very well-established. There is plenty of scope to develop the business further with the introduction of new opening times - at present the bar is open on short hours to suit our client’s lifestyle wishes - however, there is much demand for longer opening. In addition to this, the bar does not currently serve food – this could be introduced by a new owner, with space for a kitchen to be fitted and menu launched. 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.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Thur - 7pm - 11.30pm
Fri - 4pm - 12am
Sat - 2pm - 12am
Sun - 2pm - 12am

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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