Summary - STELLA HOUSE, INFANT STREET M25 1SS
1 bed 1 bath Restaurant
**Standout Features:**
- Turnkey restaurant and bar with free-of-tie lease.
- Expansive open-plan interior accommodating 90 covers; outdoor area for 40.
- Strategically located opposite Heaton Park and Metrolink.
- Turnover forecast for 2024 at £397,000 with net profits around £63,000.
- 10-year protected lease at a competitive rent of £19,500.
- Popular for local clientele, with potential for growth in food offerings and events.
**Potential Downsides:**
- 6 years remaining on the lease, which may complicate financing options.
- Located in a deprived area despite low crime rates.
Nestled in a vibrant area of Prestwich, The Goods In offers a unique blend of modernity and industrial charm, creating an inviting atmosphere for both locals and visitors alike. With a generous indoor seating capacity of 90 and an outdoor patio that accommodates 40, this restaurant and bar presents ample opportunities for daytime and evening service. Its prime location directly across from Heaton Park ensures a steady stream of foot traffic, especially during the numerous events hosted in the park throughout the year, including popular concerts and festivals.
The current owners have established a solid client base and a creative branding presence on social media, providing a solid foundation for incoming management to continue leveraging and expanding. With strong turnover figures and a manageable lease term, significant potential lies ahead for enhancing the food menu or capitalizing on the events side of the business. The venue is equipped with essential amenities including a professional sound system, a bar with rotating drink options, and a temperature-controlled cellar for storage.
However, the limited remaining lease may pose challenges for those seeking financing. Ready for a new owner to make their mark, this attractive opportunity is poised for an upward trajectory, making it an investment worth exploring before it slips away!
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