Thu, 13 Sep 2018 | BUSINESS SALE
Situated in a prominent location on the A680 and a short distance from Rochdale Golf Course, the renowned Norden Arms is up for sale.
The gastropub occupies a traditional end terrace property which has over the time been renovated to create a bright and inviting atmosphere.
The asking price is £750,000.
The pub has changed hands a few times in the recent years and will be handled by estate agents, Christie & Co.
Keith Stringer, director of Christie & Co said: “The Norden Arms represents a fantastic turnkey opportunity for either a new entrant or an existing operator within the hospitality sector. The business is excellently located and has cultivated a fantastic reputation amongst the local community.
“Additionally, it currently trades with strong turnover giving potential purchasers a great platform to drive forward both revenue and profits.”
Originally named Blue Ball Inn, the pub was previously run by the couple that started Manchester Italian restaurant group Salvi’s.
The current owner Edward Smethurst has owned the freehold for seven years and has not decided to focus on other business interests.
He said: “The sale of The Norden Arms includes everything a new operator will need to hit the ground running. Having undergone a complete renovation in 2012 and a significant extension in 2016, it is now a superb venue with an ideal position in a rapidly expanding and upmarket area.”
The pub seats up to 48 diners, contains a lounge bar and a split-level restaurant for 68 as well as an outdoor dining area.
For more news stories about businesses for sale, click here. For all our business sale listings, click here.
Prime opportunity for growth and expansion Includes existing/ongoing pipeline (ave. 20 kitchens circa £500k) £550k funds extracted during 2016-2019 period - confirming profitability.
LEASEHOLD
Produces a core range of high quality craft beers alongside numerous occasional beers to suit all tastes & evolving trends. Beers are packaged into cask keg & can. Continually expanding its brewery to satisfy demand from pubs retailers & private indi...
British Retail Consortium certified producer of branded & private-labelled pastry-based products sold to the wholesale frozen food service market. Operates from a 20000ft² facility with multiple production lines stores chillers & freezers.
|
03
|
|
Dec
|
Halfords to acquire £157m-turnover Axle Group Holdings for £62m | BUSINESS SALE
Halfords Group has announced that it will acquire automotive...
|
02
|
|
Dec
|
Staycation M&A surge continues as Midlothian plans £170m Park Leisure sale | BUSINESS SALE
Midlothian Capital Partners is reportedly exploring a potent...
|
02
|
|
Dec
|
Private equity-backed takeovers stabilise in third quarter | BUSINESS NEWS
The latest Buy and Build Barometer from Rickitt Mitchell has...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources