FOR SALE

By Private Treaty Franchise Agreement on:

'THE MORRIS DANCERS'

Sapling Road
Morris Green
Bolton

Well positioned within the busy well populated residential area of Morris Green some 2 miles from Bolton City centre this purpose built detached licensed premises has an excellent, well established 'locals' trade with potential for further growth particularly via the introduction of a food operation.

The property is held on a 10 year Franchise Agreement with beneficial purchasing terms favoring the tenant. A totally self contained 3 bedroom dwelling house is also included within the lease

ACCOMMODATION
Ground Floor
Entrance Foyer. Good size Lounge with inglenook feature fireplace. Central Bar Servery. Public Bar/Games Room. Ladies & Gentlemans toilet facilities. Small Catering Kitchen. Store Room. Office.

Sub Floor
Beer and store cellar with electrically operated dumb waiter.

External
Enclosed rear yard area. Tar Mac finished car park for some 20 vehicles.
Separate Private Garage.

A totally self contained LIVING ACCOMMODATION

Briefly Comprising:-
Hallway. Lounge. Living Room. Kitchen with range on fitted units. 3 Bedrooms.
Bathroom with Shower fitting. Enclosed yard area.
IS INCLUDED IN THE LEASE

Services
All mains services are available and connected. The property has a full central heating system, intruder alarm system.

Trading Levels
Our clients trading accounts indicate a turnover in excess of £4,000 per week (net of V.A.T.) producing a Gross Profit Margin of some 49%.
Access will be given to our clients trading accounts only to genuinely interest parties in due course.

Present Opening Hours are:-
Noon to 3.30 7.00 to 11.00 p.m. Monday to Thursday
Noon to 4.00 7.00 to 11.00 p.m. Friday
Noon to 11.00 p.m. Saturday
Noon to 10.30 p.m. Sunday

Typical Bar Prices at February 2004 are

Bitter 1.64/6 per pint

Lager 1.93 per pint

Guinness 2.15 per pint

Spirits 1.45 for 25ml measure

Tenure
The property is leased from Messrs. Inn Partnership Ltd. on a 10 year franchise agreement which commenced in January 2001.
The recently reviewed rental is £41,000 per annum with a continuing fee equating at 1.5% of the net (of V.A.T.) receipts being paid. The tenant receives a discount - starting at £35.00 per barrel - from the standard trade cost price list.

Purchase Price
Including all trade fixtures and fittings a premium of £74,950 is sought for the leasehold interest with Stock, Glass and Stores to be added, at valuation.
A full inventory of the Fixtures & Fittings will be made available to interested parties in due course.

Viewing Arrangements
Strictly by appointment which can be made via our office.