Business for sale

Business description

Charming and very popular unopposed public house on the outskirts of the town centre with large beer garden overlooking the macclesfield canal and 3 boat moorings

A wonderful opportunity awaits the right operator to capitalise on this fast developing business offered at a very realistic asking price of £65,000 lease assignment to include fixtures and fittings, goodwill plus s.a.v.

*Sales of £160K inc vat y/e Sep’07 – split 96% Wet, 2% Dry, 2% Machine income. £35,000 recon net profits. Low Rent with review only due Aug’ 2011

*Contemporary internals(£115k refurb 06) within traditional atmosphere – Gallery & Bar (26 + vertical), Lounge/Dining (23), Games (8+) Front patio (20),

*Excellent Rear Garden (60), Canal side Patio (12)

*Pleasantly Refurbished owners accommodation – 3 double bedrooms, office, bathroom, large kitchen & large living room

*A church view from the front, canal to the rear, 5 minutes walk from the Town Centre and the famous Macclesfield forest provides an ideal location

*Established non-smoking venue since Oct’06 with large rear garden providing an ideal setting for functions and outdoor drinking/dining

*10 year protected lease from Aug’06 – partially tied

LOCATION (SK11 7JY)
The major market town for East Cheshire, Macclesfield grew as one of the main silk textile centres of the country, renowned for the skill of its designers and for its richly patterned woven fabrics.

The story is told at the Silk Museum, the Heritage Centre and many other buildings of great historic interest throughout the town. Cobbled streets, a handsome Market Place and pedestrianised medieval thoroughfares contain individual shops, major high street stores, indoor and outdoor markets.

Look to the end of Macclesfield’s historic streets and you’ll see the dramatic Peak District hills, creating a dramatic setting to the town. Within minutes you can be walking and enjoying breathtaking views stretching right across Cheshire.

Macclesfield Canal is within walking distance of the town centre and is these days populated with narrow boats – a lovely way to explore the countryside, towns and villages which nestle in these foothills.

The town enjoys a great community spirit, with regular concerts in the handsome Heritage Centre, little art galleries tucked away amid the streets of weavers’ cottages and its own award-winning brass band.

This is most definitley a superb place to live & work

PROPERTY DESCRIPTION
The property is of traditional brick construction with a red brick addition some 40 years ago, under a new pitched slate roof and new flat roofing’s.
LOUNGE/DINER (23) is contemporary furnished with ornate wooden tables having an open fireplace to one end and original Victorian quarry tile floor.

GAMES ROOM (8+ vertical) with pool table, game machines and flat screen TV. GALLERY (12) has new leather chairs, new carpet flooring and dark wood bench seating.

BAR which has an exposed oak floor to the front alcove & entrance, slate flooring around the bar and new carpets host the decorated wooden stools & tables.

CENTRAL BAR SERVERY hosts a variety of beers including 3 cask ales and a huge selection of shorts to service the well established Cocktail Menu.
TOILETS are tiled and furbished to a good standard.

BEER CELLAR has also been repainted with new beer lines installed. CATERING KITCHEN is equipped with commercial units having direct access from the outside of the property.

OWNERS ACCOMMODATION
Pleasantly Refurbished first floor owners accommodation with new carpets – 3 double bedrooms offering appealing views, office, bathroom, large kitchen & large living room.

Large loft space provides an opportunity for storage/conversion

EXTERNALS
The front raised patio (20) with new wooden benches, large brollies & external patio heaters provide the ideal setting to watch the world go by.

The rear garden (60+) with landscaped lawns, new bench seating, flowerbeds and brick wall surround offer the ideal setting for functions with marquee and external drinking.

Canalside patio (12) a gate from the rear garden leads to the canal side hosting 2 wooden benches and 3 mooring spots for boats.

Car parking for 10 customers and 2 private plus the lessee has an arrangement with a local business to utilise his large car park free at any time.

A full structural survey was completed in may’06 by the current lessee and is available on request.

PREMISES LICENSES
We are advised that, the premises license allows for 11.00 – 24.00 Mon-Thurs, 11.00 – 0100 Fri/Sat, 11.00 – 23.00 Sun., and the business currently trades 17.00 – 24.00 Mon -Thurs, 11.00 – 0100 Fri/Sat, 11.00 – 23.00 Sun.

A personal license will be required and our training associates can assist with this for you.

TENURE
The business is held on a 10 year assignable lease, commencing aug’06, from punch taverns with a rent payable of £16,500 and is partially tied with free of tie for wines, spirits and minerals.

The lease is fully renewable at its end, with landlord & tenant act protection, at no further cost and under no less favourable terms.

SERVICES
We are advised that business rates payable are £1,800 per annum , £1,200 domestic rates and the pub benefits from mains electric, gas, water and sewage.

THE BUSINESS
The Hollins was closed for 5 weeks in Aug/Sep’06 to undergo a full refurbishment ( £115,000) and has been a non-smoking venue since re-opening in Oct’06 at a celebrity launch with Dr. Chris Steel.

We have accounts to y/e 31/10/07 including 7 months actual and 5 months conservative forecast. Sales show £160k inc vat – 96% wet, 2% dry, 2% machine income.

Recon net profits will come in around £35,000 for the year.

Our clients have owned the business since May’05 and now wish to return to there roots in Sheffield and open another larger venue. Without doubt there is tremendous opportunity to further grow the business with a slight change of focus on its food offer and opening hours which would be expected from a new energetic owner.

The locale has become somewhat of a ‘cult venue’ with its popular Cocktail Menu and large beer garden offering huge attraction. The existing lessee is more than happy to train the ingoing lessee on Cocktail service foc should they so wish.

The venue is now attracting on average 2 functions per week without advertising and host live bands on Fridays.

The Hollins have a quarterly bugle advertising their events paid for by Punch Taverns. They also have an agreement with large local company Astra Zeneca to advertise in their internal magazine to 6,000 employees.

This is truly a unique business opportunity with minimal risk waiting a new dedicated owner to fully capitalise on its true profit potential.

Accounts information will be made available to interested parties after viewing.

Ref: W4312L