Ref 6857 – Leasehold Bar & Beer Shop
Blacks Brokers are pleased to bring to the market this leasehold bar & beer shop located in a densely populated residential area of Stockport, Greater Manchester.
The Beer Shop and Bar has been trading on Kingsleigh Road since 2011. Our client established the business here due to the busy surrounding area. The business has become very well known in the area with a superb reputation and has been awarded a 4* hygiene rating. Our client has also ensured that the business has gained a large base of regular customers along with excellent online reviews noted on Google and Trip Advisor. The Beer Shop and Bar also offers a takeaway service which accounts for around 30% of trade.
This business thrives on its location within a busy parade of shops in a densely populated residential area. Neighbouring businesses include a convenience store and busy hair salon. The area is well linked by the M60, public transport links are good and there is free roadside parking in the immediate and surrounding area.
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
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 two years and began in 2019 at a cost of only £92 per week. This is very low for this much sought-after area.
The business is currently run entirely by our client on a full time basis with opening from 16:00 – 22:00 across six days per week. The addition of staff or an owner operating team would be beneficial for longer opening to include lunchtimes and later closing. The licence covers the hours of 12:00 – 22:30.
The Beer Shop and Bar has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £84,000 with gross profits of £42,000. It is to be noted that the business is currently operating on limited hours to suit the needs of our client. There is scope to expand hours and reintroduce some food sales to boost takings further.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This popular bar and shop is well placed within an affluent area of Stockport. Our client has secured an excellent reputation and large, repeat customer base. There is plenty of scope to develop the business further with the implementation of a website with ordering service and the potential for longer opening. These options along with the addition of an owner operating team or recruitment of staff could prove very beneficial to the business. This proposition would therefore 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. Business: £17,995.
Please quote ref: 6857