Food and Drink | Liverpool | £650k Turnover Following the acquisition of an existing pub in July 2008, the establishment was extended and completely refurbished to the highest standard and opened for business in mid December 2008.
The property is of a substantial size with a ground floor area of 292 sq.m and first floor 180 sq.m and is prominently located adjacent to the residential and business areas of south Liverpool. The building was constructed as a 19th century coaching inn/stables and has retained a number of the original features. The venue offers a 125 cover pub/restaurant, fully fitted with bar and kitchen and prep area together with an al fresco courtyard.
The freehold property is fully licensed with the 2nd floor of the property (yet to be fully developed) offering living accommodation and/or office space which could be sublet and to generate additional income. A recent independent valuation of the business has been conducted. The business has been financed by a combination of equity and bank borrowings.
Management has positioned the brand as a premium value offering, sourcing local high quality produce (including local beers) through a proactive marketing strategy including email offering (the business has data capture of 800 clientele); press advertising and PR; flyers; radio and events, the business has generated an excellent local following in its first 12 months of trading.
The management team is led by an ex-CEO of a UK Plc. The business is being marketed for sale due to the requirement of the CEO to return to Australia.
Projected turnover £650k, gross profit £234k and adjusted EBITDA £140k. Offers in excess of £650k invited.
turner parkinson LLP is a Manchester based commercial law firm, specialising in SMEs and owner managed businesses with a turnover between £0.5m - £20m.
