Pub in Lancashire For Sale

Situated in the Arches, excellent main road trading position, residential, office and commercial area, Greater Manchester.

Turnover £ 3,500
Price £25,000

Features

Well Fitted Licenced Bar

CURRENTLY 4 DAYS OPENING (POTENTIAL TO EXTEND)
FORECOURT & SIDE AREA WITH SEATING FOR 25 PEOPLE
BAR WITH 24 TAPS
LIVE MUSIC VENUE WITH LICENCE
VENUE SHOWS LIVE SPORTS
VENUE IS ALSO A VERSATILE EVENT SPACE WITH ADDITIONAL INCOME POTENTIAL

Converted Railway Arched Premises with concrete floors, and mixture of spot & hanging lights.

Capacity 100+ people, with tables & chairs providing seating for 50 people.
CCTV system (4 cameras, 1 monitor)

High standard Ladies' & Gentlemen's Toilets with w.c. and hand wash basins.

Mezzanine level for Live Music Bands.

Cellar / Stock room.

Turnover

WE ARE INFORMED by the owner the wet lead turnover currently averages £3,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by 3 part time staff.

Trading Hours

4 Day week
THURSDAY - FRIDAY 3pm - Midnight
SATURDAY 12 - 12
SUNDAY 12 -6pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 6 years in 2024 with reviews every 3 years (next review 2027) at a current rent of £17,500 p.a. + VAT

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £25,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 12,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote