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Public House Situated In Greater Manchester For Lease

Greater Manchester
Asking Price:
£69,950 Furniture / Fixtures included
Sales Revenue:
£304,256
Cash Flow:
Available on request

Located in Much Sought After Area, Est since 1980
**Accounts Audited to 31 March 2018**
Annual Turnover £304,256 (Audited 31 March 2018)
Gross Profit £113,264 (Audited 31 March 2018)
Tripadvisor 238 Reviews
Google 96 Reviews
5* Food Hygiene Food Rating
Restaurant Dining with Outdoor Beer Garden Area
Customer Seating for 80 , Large Customer Car Park
Strong Online Presence
EPC - D

REF 5932 – Leasehold Public House

Blacks Brokers are proud to bring to the market this leasehold public house located in a much sought-after and busy area of Bury, Lancashire.

INTRODUCTION

The Garsdale has been trading on Woodhill Road in Bury since 1980 with our client in ownership since 2015. The pub is very much part of the local community, close to a large residential area of Bury and close to a popular outdoor activity centre and park which is also used for caravanning holidays and campers. The business has established a very large, regular customer base in addition to much passing-trade from visitors to the area. In addition there is a 4 bedroom family accommodation upstairs with the property

LOCATION

Located on a busy road close to Bury town centre, the business enjoys a most enviable trading position. The area is densely populated, and is used by locals for walks and other outdoor activities at Burrs Activity Centre and Park. The area is well linked by the M66 and M60 with good public transport links and a large, free car park directly outside the building.

REASON FOR SALE

The business is only being offered for sale due to our clients other business interests.

LEASE

The building is available on a competitive rent on an Internal Repair Only Lease (IRO lease). The current lease is 15 years with rent reviews every 3 years. The current lease began in 2015 at a cost of £25,000 per annum.

BUILDING LAYOUT AND DESIGN

The business is housed within a large, two-storey detached property with good sized garden and grounds with multiple parking spaces and a popular, enclosed beer garden to the rear which is exceptionally popular in the finer months. The pub is well branded with signage displayed and a welcoming feel on arrival.

Inside, the main bar area is positioned to the front of the area upon entry with the dining area to the rear. These two spaces offer combined seating for 90 and are very well-presented, with tasteful décor and a combination of both traditional and modern furnishings.

To the rear of the ground floor space is a spacious, commercial kitchen – this is well equipped and maintained to a high standard.

On the first floor is a four bedroomed, family accommodation. This comprises of a reception area, dining room, family bathroom, fitted kitchen and, as mentioned, four spacious bedrooms.

STAFF

The business is currently operating with only our client in employment along with two full-time and four part-time members of staff.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of Annual Turnover £304,256 (Accounts Audited 31 March 2018) with gross profits £113,264 (Audited 31 March 2018).

SUMMARY

This leasehold public house offers an exciting opportunity for a new owner to acquire a long-established and well-known pub in a popular residential area of Bury. The area brings both local and passing trade with much scope for expansion with a local marketing drive and exclusive offers for locals. Early viewings are essential to appreciate this business fully.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon: 12am - 11pm
Tue & Wed: 11am - 11pm
Thu & Fri: 11am - 12am
Sat & Sun: 12pm - 1am

Contact Information

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