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Established Licensed Restaurant In Oldham For Sale

Oldham, Lancashire
Asking Price:
£194,950
Sales Revenue:
£312,000
Cash Flow:
Available on request

This business was established by our client in the town centre in 1995 and was relocated to this site in 2010. It is only for sale today to allow our client to work closer to home. The business achieves its current level of turnover whilst trading evenings only, therefore offers a fantastic opportunity to increase takings, by offering a lunch time trade.

Property Information

Property:

Leasehold

Lease Terms:

TBA

Leasehold Rent:

£18,200 per annum

Location:

This business is ideally located within Oldham town centre, surround by office, bars, other restaurants and close to the new Metrolink Stop. The business also benefits from high levels of passing trade.

Premises Details:

The corner premises provides porch area with reception desk, well fitted bar, dining area for approx 25, second dining area for approx 25, dessert display fridge, large kitchen providing cold storage, heated pass, preparation area, washing up area, two 6 burner stoves, oven stove, dry store area, waiter area and exit. Stairs from porch area lead down to superbly fitted bar with variety of seating for 40, ladies & gents WC facilities, live music area and fire exit (This area could possibly be used separately as a live music bar/eatery). The 1st floor provides ladies and gents WC facilities, large well fitted function room to seat approx 40, ‘L’ shaped bar with seating for approx 10, small dance floor, small unused room (possibly private dining area) and office. The 2nd floor provides laundry room, 5 good sized rooms, which are currently used for storage but could possibly provide accommodation and stairs leading to 3rd floor attic.

Energy Performance Rating:
E

Business Operation

Competition / Market:

• Taking £5,500 - £6,000 per week
• Net profit £50,000 per annum
• Ideal town centre location
• Seating for 150 plus bar seating for 10
• Scope for lunch time trade
• Surrounded by office, places of work and other businesses
• Close to new Metrolink
• Rent £350 per week
• Opening hours 4:00pm – 10:00pm Wednesday to Friday, 5:00pm – 12:00midnight Saturday & 3:00pm – 10:00pm Sunday

Trading hours:

4:00pm – 10:00pm Wednesday to Friday, 5:00pm – 12:00midnight Saturday & 3:00pm – 10:00pm Sunday

Contact Information

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    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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