Manchester's Dry Bar up for sale with boutique hotel prospects

Thu, 01 Sep 2016 | BUSINESS SALE

The iconic Dry Bar in Manchester's popular Northern Quarter district, has been put up for sale for £4m, according to a report by the Manchester Evening News.

The bar has been popular among Manchester's revellers since it was opened in 1989 and is being sold with permission to turn the upstairs into a 69-room boutique hotel. The sale also includes the main bar and the downstairs Blue Brisk Club cocktail bar.

The bar was founded by Factory Records and the legendary Tony Wilson, who was behind much of Manchester's nightlife scene in the 80s and 90s, with the Dry Bar playing a significant part in attracting people to the Northern Quarter, which is now the centre of Manchester's bar and restaurant scene.

The business has a turnover of around £1.3m and is being listed for sale with Christie and Co. The current owners gained planning permission for the hotel extension in 2015 and decided that this is a good time to sell as they are not hoteliers. The area is, however, an extremely strong location for hotels.

The planning documents claim the upper floors are in disrepair but could provide "good value and distinctive accommodation" if developed correctly.

Find leisure businesses for sale


Share this article



Latest Businesses for Sale

Upholstered Furniture Manufacturer (Fast Sale)
UK Wide

Best and final offers are sought by Thursday 12 December 2019. An opportunity exists to purchase the business and assets of a privately owned company. An upholstered furniture manufacturer offering a wide variety of designs and ranges.

Asking Price: Offers Invited
Turnover: £1,680,000

Italian Restaurants (Fast Sale)
North West, UK

Indicative offers are required by 17:00hrs on Wednesday 27 November 2019 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of two Companies that trade as Italian...

Asking Price: Offers Invited
Turnover: £1,000,000

LEASEHOLD


Loft Conversion Business
Preston, Lancashire, UK Wide

Great reputation. Fully relocatable. Friendly and professional service. Bespoke loft conversions. Minimal competition. Offered on a relocatable basis. Offers invited.

Asking Price: £759,995
Turnover: £1,002,527

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
25
 
Mar
 

Poldark mine enters administration and is put up for sale | ADMINISTRATION

Poldark Mine has been put up for sale after entering adminis...

 
10
 
Jan
 

Cornwall's Jamaica Inn for sale | BUSINESS SALE

A pub in Cornwall, the Jamaica Inn, is up for sale with an a...

 
27
 
Nov
 

Grand Hotel in Brighton in a £50m sale | BUSINESS SALE

The Grand Hotel in Brighton has been put on the market for &...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources