Status: For Sale
Tenure: Freehold / Leasehold
Turnover: £432,693
Canalside Restaurant and Event VenueCanalside Restaurant and Event VenueCanalside Restaurant and Event VenueCanalside Restaurant and Event VenueCanalside Restaurant and Event VenueCanalside Restaurant and Event VenueCanalside Restaurant and Event VenueCanalside Restaurant and Event VenueCanalside Restaurant and Event Venue
£999,950 + SAV
Leasehold option available at £199,950 + SAV

Canalside Restaurant and Event Venue

For Sale
  • Reference: 13645 D
  • Location: Stalybridge, Greater Manchester
Hilton Smythe welcomes to the market Phoenix City (Stalybridge) Ltd T/A Phoenix City Chinese Restaurant. This superb business occupies substantial premises circa 1000sq ft, split over 2 floors and sits alongside the picturesque canal side.

This family run limited business was established by our clients in 2003 and only now is reluctantly coming to the market as our clients look towards retirement.

The restaurant offers an extensive menu of authentic Cantonese style dishes. The food is prepared by a team of highly skilled chefs with the fresh produce daily selected by our client. Both banquet and A la carte dishes are available and special dietary needs catered for, with bespoke packages available for parties. The restaurant is very well known for its friendly and personal hospitality. It is this attention to detail that has earned the restaurant's enviable reputation seeing customers return time after time

As of the 2015 accounts the business reports a very healthy turnover of £433,000 with gross profit at circa 68%.

The restaurant is stylishly decorated and can cater for up-to 140 guests and boasts a well-stocked bar. In the warmer months, the large glass doors open up onto a lovely patio area, perfect for pre-dinner drinks alongside the canal.

The business is also a destination venue for special events, the upper floor function room caters for up-to 180 guests, whilst the ground floor room, is a versatile room offering a more intimate private dining suite for 40 guests or can be extended to accommodate 80 guests or a function room for up to 120 guests.

Early viewing of this outstanding business opportunity is highly recommended, with the business coming to the market as our clients wish to retire.

TENURE

We are advised a Freehold and Leasehold option is available.

A new 15-year lease is available with terms and conditions to be negotiated.

HOURS

The business currently opens: -

Tuesday to Thursday 4.30pm till 10.00pm
Friday 4.30pm till 12 midnight.
Saturday 4.30pm till 12 midnight
Sun 1.00pm till 10.00pm

STAFF

The business is owner run and managed with the assistance of 2 full time and 15-part time members of staff.

FINANCIAL PROFILE

As of the 2015 accounts the business reports a very healthy turnover of £433,000 with gross profit at circa 68%.
Phoenix City is located in the vibrant town of Stalybridge, Greater Manchester.

Stalybridge is an up and coming town with investment in housing, schools and town centre amenities making this a popular town to live and visit. The business sits alongside the navigable Huddersfield Canal, with the train station, a popular stop off on the Transpennine Real Ale Trail just a short walk away.

The City of Manchester is around 8 miles away with the A635 and A6018 providing good road links, the circular M60 motorway is easily accessible.
Substantial premise nearly 10,000 sq ft in size.

Ground floor
Large open entrance with stairs to first floor and door to smoking area with roller shutter.

Reception area with waiting area for take-away meals, telephone point, card machine, printer, desk, chair and cupboard space to rear.

Restaurant
140 covers, carpeted, leather chairs, tables, windows overlooking the canal and air conditioning unit.

Function room
Licensed for 110 covers
Air conditioning
Lighting
Projector
Bar area with optics, beer pumps, Free of tie, 4 x Chillers, till, wine rack 10 hand pumps and soft drinks.

Toilet facilities (disabled friendly)

Spirit and wine store room

Commercial grade kitchen housing: -
Tiled floor
Prep area
Sink
Butchers block
Meat slicer
Combine oven
Steamer
Gas ring hobs
Microwave
Rice cooker
Extractor
Upright Freezer
Hot cupboard
4 deep fryers
Walk-in fridge
Hoist for foods
Cooker range
10 ring hob for woks
Stainless steel prep area
Large chiller for salad
Large stainless steel salad bar
Sink
Double sink
Hand wash
Dishwasher
Dishwasher sink
Hot cupboard
Baine Marie



Upper floor

Function room
Cover 18O
Table and chairs
Dance floor
Stage
Carpet
Buffet table
Spectacular lights
Projector
Flashing lights
Windows with view to canal

Bar
2 double chillers
Large upright double fridge
Optics
Wine beer spirits bottle beer
Till
CCTV
Hand pumps
Door to store room

Landing
Door to wash up area with Hoist for meals, large industrial stainless steel sink, glass washer, hand wash and storage

Store room housing linen, crisps and plates.

Back staircase with fire escape and roller shutter.

Cellar fully pumped with storage.

There is parking for 5 cars with further parking available in the town centre.

Contact us today for more information

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