Pub for sale

The GreenDucie Street,Manchester,M1

827 sq. m. | £1,000,000

Property Description

Commercial information

  • Business for sale
  • 8,901 sq ft (827 sq m)

Key features

  • REF: 1038
  • SPORTS BAR
  • CITY CENTRE

Full description

Tenure: Freehold

LOCATION
The Green is ideally located at the entertainment hub of the vibrant city Centre of Manchester. The City of Manchester is located in the North West of England and is famed for being the North's capital of multicultural entertainment and hospitality. Further, the City is a sporting landmark, being home to two premier league football clubs and Lancashire County Cricket Club.

The Green is well served by public Transport being a short walk from Piccadilly Train Station & Piccadilly Bus Station. The City of Manchester is well connected to the UK Motorway network, and benefits from the extensive Metrolink Tram System, linking surrounding towns with Manchester and providing hassle free travel around the City Centre.

BUSINESS
Hilton Smythe Commercial introduce with pleasure The Green Sports Bar and multi-use entertainment venue, which was established by our clients 2 years ago, and is only offered for sale as our client pursues other interests.

Primarily The Green has established itself as being a stylish sports bar, specialising in providing interactive golfing facilities. However, the business has flourished dramatically in its early stages and been able to compliment its main offering by establishing itself as a corporate and live entertainments venue.

Currently, the business offers eight interactive, satellite, linked video screens, for multiple players, which accurately simulate over 50 of the world's best golf courses, with breathtaking realism and precision.

Having recently agreed a new deal with Heineken the business is only tied to draught beer. Additionally, Heineken pay the business 5000 per annum for advertising.

In addition to the golf simulators, The Green offers a plethora of other exciting gaming facilities such as PlayStation, booths for Xbox consoles and Karaoke facilities, numerous fruit machines and interactive quiz machines, along with the more traditional table games of pool and football. The Green is the official venue for Lucky Voice Karaoke and the official sports bar for Salford University.

The stylish interior and furnishings of The Green, coupled with its trading location, make it the ideal venue for the lucrative, professional, city clientele, and it has proved very popular with none-sports fanatics due to its versatile and thoughtful layout, and general appeal.

The live entertainments programme at The Green has become a pivotal part of the weekly schedule, with regular repeat events such as a quiz night and curry night, and in turn repeat events will attract repeat custom.

The business has recently introduced a stylish, no fuss, food menu, which compliments the venues overall feel. Simple but 'honest' meals, prepared to order, such as pizzas, Panini's, burgers, etc. Although still in the early stages, the food service has been successful, however it is felt that this could be developed further with a greater deal of dedication to the food element of the business and possible refurbishment of the kitchen facilities.

The thoughtful design and layout of the customer areas allows for the flexibility of private parties within The Green, whilst still trading to the public. This has so far allowed our client to offer hugely successful hen / stag parties and Christmas bookings.

In addition to the hen / stag parties, the business lends itself to corporate events, with an already impressive list of clients such as major sporting brands, a top Manchester Law firm and Premier League Football Clubs, all with a variety of different needs such as team building events, exhibits and networking meetings.

Currently, the business does not undertake any form of intense or regular marketing of its services. The business did venture into producing a radio advert, and the general response was good. However, an investment in some fresh and intense marketing would most certainly increase the customer base and profitability. The business benefits from having an excellent website which is currently used well to promote the business and facilities, however, there is considerable scope to improve the marketing on the website, one possibility would be the addition of a mailing list facility.

The Green would be the ideal addition to a variety of prospective purchasers, from the multi national chain leisure companies to the smaller, independent owner. The stylish interior and overall atmosphere could easily be slotted into a large portfolio of similar venues, through its more corporate, but honest and genuine atmosphere.

One major advantage is the fact that the business is currently free of tie, and able to trade without ordering and stocking restrictions, which gives the business the flexibility to explore cost saving measures when procuring stock.

The business turnover is approximately 526,100 per annum with gross profit in the region of 67%.

TENURE
We are advised leasehold with a new lease to be negotiated.

Rent is 40,000 per annum.
HOURS
The business currently operates during the following hours:

Monday - Saturday 10:00 - 11:30
Sunday 12:00 - 18:00

STAFF
Currently the business is owner managed and run, employing approximately six staff on part time basis and four full time members of staff.

FINANCIAL PROFILE
The business turnover is approximately 526,100 per annum with gross profit in the region of 67%. Further financial details are available upon request.


Nearest stations

  • Manchester Piccadilly (0.2 mi)
  • Piccadilly Gardens (0.3 mi)
  • Mosley Street (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Manchester Piccadilly (0.2 mi)
  • Piccadilly Gardens (0.3 mi)
  • Mosley Street (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1038. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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