Salford, Greater Manchester
Price: Sale Price: £1,200,000
Size: SOA Primary Category: Businesses For Sale All Categories:
Businesses For Sale, Property Ref/Movehut: MH593387 Property Ref/Agent: 2517-d-popular-pub-for-sale-in-salford-greater-manchester
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: June 1, 2020
Hilton Smythe is delighted to welcome to the market this well-established and very popular public house, ideally located in Salford, Greater Manchester.
The business was established by our client in 1994 and is only now being offered to the market due to our clients desire for a well-deserved retirement and re-location. The business operates 7 days per week and generates an excellent turnover in the region of 312,000 per annum, with a gross profit of approximately 40%.
The turnover is derived from offering a range of real ales, lagers, wines and spirits. The business has built up an enviable reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
The property benefits from a main bar area with separate vault and games room, as well as boasting a one bedroom flat to the ground floor, as well as an office and double bedroom. To the first floor there is living accommodation and four double bedrooms.
There are masses of potential with this property as planning permission was granted for a multi-storey car park to be built on the land, although this has now lapsed, our client has recently enquired about it and it would be approved again once applied for. Although the land could be used for other purposes subject to planning consent, such a s a supermarket or two blocks of flats.
This is an excellent opportunity for a new owner to take this business to the next level, alternatively it is an excellent development opportunity in a prime location; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Freehold.HOURSThe business is open:
Monday - Sunday: 11.00am - 11.00pmSTAFFThe business is owner run and managed with 8 x staff members.FINANCIAL PROFILEThe business generates an excellent turnover in the region of 312,000 per annum, with a gross profit of approximately 40%.
EPC for Salford, Greater Manchester
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