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Popular Pub For Sale in Salford, Greater Manchester

Salford, Greater Manchester

£400,000 +SAV

Ref: 2517 D

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Description

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.

Tenure

Freehold

We are advised Freehold.

Hours

The business is open:

Monday – Sunday: 11.00am – 11.00pm

Staff

The business is owner run and managed with 8 x staff members.

Financial Profile

The business generates an excellent turnover in the region of £312,000 per annum, with a gross profit of approximately 40%.

Location

Mulvany’s Lounge occupies substantial two storey premises, ideally located in a prime trading position within the city of Salford, Greater Manchester. The public house is located within the centre of Salford and is surrounded by densely populated residential areas, from which the business derives much of its trade. The business benefits from a high volume of footfall and passing trade and has the added benefit of a car park to the side of the property for approximately 40 vehicles.

Salford is sited on the meander of the River Irwell, which forms part of its boundary with the city of Manchester. Salford has become a centre of higher education and is home to the University of Salford. According to the 2011 census, the population of Salford was 233,933 residents.

The area of the business is well-served by the public transport service, with several bus stops within easy walking distance of the property. Salford Central railway station is just a 5 minute walk away. The area is also well served by the A-roads, with both the A6 and A6042 being within close proximity, which in turn link to the national A-road and motorway networks. Manchester city centre is approximately 2 miles away and Bolton is 11½ miles away.

Premises

Large two-storey premises in a prime trading location, briefly comprising:

Lower ground floor with:

Cellar with beer lines and storage areas.

Ground floor with:

Main bar with 16 points of dispense, bottle refrigerators, optics display, electronic cash register and seating for approximately 60 persons.
Separate vault area with gents WC.
Games room with pool table and seating for 60 persons.
Ladies and gents WCs.

One bedroom flat with bathroom.

Office.
Double bedroom.

First floor with:

Living room.
Kitchen.
Dining room.
Bathroom.
4 x double bedrooms.
Access to flat roof.

External with:

Large car park for approximately 40 vehicles offering CCTV protected parking for city centre and Arena parking.

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