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Popular Bar, Grill & Cocktail Bar In Urmston For Sale

Urmston, Greater Manchester
Asking Price:
£155,000 Furniture / Fixtures included
Sales Revenue:
£447,355
Cash Flow:
£102,087

Town Centre Trading Location
Latest Accounts 31 January 2018
Annual Turnover £447,355 (Audited)
Gross Profit £250,161 (Audited)
Accounts Available After Viewing
Scope To Introduce Lunch Time Opening
2018 Refit With Substantial Investment
Customer Seating for 110 Downstairs
Further 150 Seats Upstairs
Function Room For Hire
Popular In-House Cocktail Bar
Huge Potential For Delivery Service
Free Parking Close By
Manager, Chef & Kitchen Manager In Place
EPD - D

REF 6403 – Leasehold Bar, Grill & Cocktail Bar

Blacks Brokers are pleased to bring to the market this leasehold bar, grill and cocktail bar located in a busy and much sought-after area of Urmston, Greater Manchester.

INTRODUCTION

Station Bar & Grill has been trading on Station Road since 2017 and was established by our client to fill a huge gap in the market for a steakhouse/grill in Urmston. Our client completed a full refurbishment with significant investment prior to opening in this busy area. The business has already established a large base of customers and a superb reputation with excellent reviews published on Trip Advisor and Google. There is also a comprehensive website in place with booking system.

LOCATION

Station Bar & Grill is positioned on a busy main road in the town centre, this area is well linked by the M60 with good access to the Trafford Centre and Manchester city centre. Public transport links are excellent with Urmston Train Station close by and there is free parking within the immediate vicinity.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operated mainly by staff only 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 five. The current lease began in 2017 at a cost of £403 per week.

BUILDING LAYOUT AND DESIGN

Station Bar & Grill operates from the ground and first floor of this extensive property. The second floor contains privately tenanted residential accommodation which is not included in the lease. The business is very well branded with large signage displayed across the large, fully glazed frontage. Inside, the main bar and restaurant is on the ground floor – this is presented beautifully with modern lighting, décor and free standing tables and chairs offering seating for 150. The investment in quality fixtures and fittings is superb. There is a fully stocked bar with coffee machine in place and a professionally equipped kitchen which is fitted with stainless steel worktops, ten-hob range, commercial fridges and freezers, double fryer, catering oven and much more.

The first floor is currently used as an exceptionally well presented cocktail bar and function room. This area offer seating for a further 110 and has it’s own private bar and toilet facilities. There is also a staff room and storage area.

STAFF

The business is currently operating with our client and partner working on a part time basis supported by eight members of staff. Some members of staff rent the accommodation on the second floor and all are reliable and experienced in this business sector.

FINANCIAL DETAILS

Station Bar & Grill has traded solidly since opening and shows excellent growth potential. We are advised that the business currently has annual turnover of £447,355 with gross profit of £250,161 and a net profit of £102,087. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £12,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is newly refurbished to a very high standard and there has been significant investment in quality from our client. The business has a good base of regular customers and occupies an enviable trading position that brings plenty of additional passing trade. There is plenty of scope to develop the business further with the introduction of lunchtime opening, a strong marketing drive, additional use of the function room and cocktail bar and there is also potential for a delivery service in the local area. 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 - 4.30pm - 11.30pm
Fri - Sun - 12pm - 11.30pm

Contact Information

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