South Manchester bar & nightclub brought to the market
Specialist business property adviser, Christie & Co has brought to the market CUBO, a prominently located bar & nightclub in Fallowfield, a suburb of Manchester, south of the city centre.
Licensed for 250 covers, CUBO occupies the ground and lower ground floors of a two storey end of terrace property and benefits from a canopied outdoor seating area for up to 30 covers. The ground floor features an open plan bar area with a large bar and DJ booth, in addition to a well equipped catering kitchen. On the lower ground level, there is a dancefloor with mounted DJ booth, as well as a large beer cellar.
Ideally situated near the University of Manchester and within the main licensed student circuit, CUBO benefits from a loyal following and presents the opportunity for a new owner to increase turnover by introducing a day time offering.
Having owned and operated the business for the past four years, current owner, Ben Hourahine, is now seeking a sale in order to relocate. Mr Hourahine comments, “This venue is in a prime position located on Wilmslow Road, the main road through Fallowfield. It offers any future owner high levels of profit with huge potential for further revenue with the addition of day time trade and making use of the large outdoor space.”
Tom O’Malley, Senior Business Agent at Christie & Co, is handling the sale and comments, “CUBO successfully trades as a wet led business and the recently implemented evening food trade is already generating an increase in turnover, presenting the opportunity for a new owner to take full advantage of the catering kitchen and increase revenue by introducing a day time offering.”
CUBO has been brought to the market on a free of tie leasehold basis at an asking price of £159,000.
