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Licensed Restaurant And Bar In Oldham For Sale

Oldham, Greater Manchester
Asking Price:
£35,000
Sales Revenue:
£312,000
Cash Flow:
Not applicable

This business has been owned by our client since March 2018 and is only for sale today due to our client’s other business commitments. The business achieves its current level of turnover, whilst offering further potential for an enthusiastic owner operator to increase the takings, by way of, for example, extending the menu and/or introducing a delivery service

Property information

Property:

Leasehold

Lease Terms:

3 year lease from March 2018

Leasehold Rent:

£24,024 per annum

Location:

This business is superbly located in Oldham town centre, a popular student district, just off Yorkshire Street. The business is surrounded by bars, restaurants & shops.

Premises Details:

The premises provide entrance area, stage with DJ booth, dining area for approximately 50, large bar, raised seating area for approximately 20 & disabled WC facilities. Staircase leading to large mezzanine floor overlooking bar & dining area, seating for approximately 70, WC facilities & fire exit. Stairs lead down from bar area to beer cellar, office, large kitchen with preparation area, large charcoal grill, 6 burner oven, dumb waiter, further preparation space & large store room. Staircase leading up to mezzanine floor & down to fire exit, ladies & gents WC facilities & 2nd door to office.

Energy Performance Rating:
D

Business Operation

Competition / Market:

• Taking £6,000 per week
• Town centre
• Seating for approx 140
• Surrounded by bars, restaurants & shops
• Popular area with students
• Scope to extend the menu and/or introduce a delivery service
• Rent £462 per week
• Hours of Opening 12:00midday – 10:00pm Wednesday & Thursday, 2:00pm – 3:00am Friday & Saturday & 12:00midday – 10:00pm Sunday
• 3 year lease from March 2018

Trading hours:

12:00midday – 10:00pm Wednesday & Thursday, 2:00pm – 3:00am Friday & Saturday & 12:00midday – 10:00pm Sunday

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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