Regional focus on... Greater Manchester
Population: 2,799,000
Districts: City of Manchester, Stockport, Tameside, Oldham, Rochdale, Bury, Bolton, Wigan, City of Salford, Trafford
What the experts say: “The key to the Greater Manchester market is providing a pub that is tailored towards the desires of the catchment population, be that wet-led or food. Understanding that different communities will want different things from their local pubs, and harnessing it, will go a long way to creating a successful business.
“In areas such as Altrincham and Stockport, catalysts in the form of food markets are opening up and creating a buzz around previously overlooked areas. The creation of a food scene helps to enhance the appeal of a pub and encourages both independent operators and chains to take a serious look at how the market is changing as people become more interested in spending their time and money at these kinds of hubs.
“The boom in the craft ale market continues as customers increasingly want a wide choice of brands to choose from. Larger managed operation chains are still focused on premises in the city centre, leaving ample opportunity for independent pubs to spring up in smaller towns away from the city centre.
“Again, it’ll be important that a good understanding and tailoring to the community’s needs is at the forefront of the offering, creating a far greater chance of success.” – Tom Cunningham, director in the licensed leisure team at Savills Manchester
As reported by The Morning Advertiser, the next MA500 business club meeting will take place in Manchester this spring. While football may split this city into two halves, Manchester certainly comes together with its hospitality scene. From dedicated sports bars to cool and quirky secret speakeasy venues, the city caters for everyone throughout the day and night.
On the market elsewhere
Price: £49,950
Tenure: Enterprise Inns leasehold with five years remaining
Rent: £58,000
Turnover (annual): £690,000 (inc vat)
Wet:dry:accom split: 45:35:20
Sales agent: Guy Simmonds 01332 865112
This beautifully presented village inn and restaurant with six letting bedrooms and two holiday cottages has a delightful location within the parish of Damerham, close to the town of Fordingbridge and within the New Forest National Park. Situated north-west of Fordingbridge and close to the Dorset border, Damerham contains a mixture of cottages, a riverside mill and a Norman church.
This business consists of a lounge bar and dining area (circa 50 covers), conservatory restaurant (c40c), public bar (c30c) and stunning trade gardens to the rear (c100c). The business also benefits from six en-suite letting bedrooms and two self-contained two-bedroom holiday cottages.
To complete the business is a large commercial catering kitchen, car park and two/three-bedroom living accommodation.
Price: £97,500
Tenure: Leasehold
Rent: £45,000
Landlord: EI Group
Turnover (annual): £541,124
Wet:dry:accom split: 60:30:10
Sales agent: Davey Co, Nottingham, 0333 200 8788
Highly appealing village Inn with dining with a wealth of rustic character and charm. Net sales around £540,000 per annum excluding VAT, operated by our clients for around eight years. Highly attractive virtual freehouse lease terms with rent only 8% of sales. Six en-suite letting bedrooms plus extensive five room private accommodation providing potential for more letting bedrooms. Set in over an acre, centre of thriving North Yorkshire village.
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