Pub for sale

Cubo, 310 Wilmslow Road, Manchester, M14 6XQ

£95,000

Property Description

Commercial information

  • Business for sale

Key features

  • Prominently located bar/nightclub
  • Main licensed student circuit
  • Licensed for 250
  • Outside seating: 30 covers
  • Free of Tie Lease - annual rent: 33,000
  • Energy Rating D

Full description

Tenure: Leasehold

Description

Situated to the ground floor and basement of a two storey end of terrace property of brick construction beneath a predominantly tiled roof line, with the advantage of canopied outdoor seating area.

The business is licensed for 250 covers.

Location

Cubo occupies an ideal and prominent location upon Wilmslow Road on the main licensed circuit in a sought after South Manchester suburb.

The property is located on Wilmslow Road 0.25 miles south of its intersection with Wilbraham Road, approximately 3 miles south of Manchester city centre and within the main student area.

Ground Floor

Situated to the ground floor is an open-plan bar area with large bar and DJ booth to one wall. In addition, there is a second area to the rear where you will also find the catering kitchen, disabled toilets and fire exit.

Other Floors

On the basement floor is the dance area with mounted DJ booth, along with toilets and large beer cellar.

Fixtures & Fittings

All fixtures and fittings are to be included within the sale, however any items that are owned by a third party or personal to our clients will be exempt. Excluded is the basement sound system.

External Details

The business has the advantage of outdoor canopied seating area to the front of the building for up to 30 persons.

The Opportunity

Due to it's location Cubo mainly traded as a student bar operating around the university's timetable. The business has been owned by our client since 2015 and has built a strong reputation, coming to the market due to our client's relocation.

We have been advised that annual gross turnover is in the region of £250,000 with a net profit of circa £70,000.

We believe there is an opportunity to increase revenue by offering a day time trade taking advantage of the catering kitchen and offering a food trade, which has recently been implemented and is already seeing an increase in turnover.

We also believe the bar would attract operators who are looking to open a Shisha bar style operation, due to its ideal outdoor seating area and the popularity of such businesses within the local area.

Staff

The business is owner operated with a number of part time staff.

Trading Hours

Monday to Wednesday: 7pm - 1am
Thursday to Saturday: 7pm - 2am
Sunday: closed

Due to it's location within the main student area our client closes for three months during the year, July, August and a month during the winter period.

Business Rates

The Rateable Value is £23,750 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises licence


More information from this agent

Nearest stations

  • Mauldeth Road (0.7 mi)
  • Levenshulme (1.2 mi)
  • Burton Road (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Manchester

The Chancery, 58 Spring Gardens, Manchester, M2 1EW

0161 468 3952 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.

Floorplans


To view this property or request more details, contact:

Christie & Co , Manchester

The Chancery, 58 Spring Gardens, Manchester, M2 1EW

0161 468 3952 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

  • Mauldeth Road (0.7 mi)
  • Levenshulme (1.2 mi)
  • Burton Road (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Manchester

The Chancery, 58 Spring Gardens, Manchester, M2 1EW

0161 468 3952 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 5651934-lh. 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 Christie & Co , Manchester. 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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