Dow Schofield Watts Business Recovery LLP has been instructed by the directors to assist in the sale of a restaurant and bar business operating in Manchester and Chester.
Due to the financial position of the company, it is anticipated that a sale of the business and assets will be completed through a formal insolvency procedure.
The company trades two restaurant and bars located in city centre locations in both Manchester and Chester. Both locations feature bespoke designed bar and dining areas.
The target market for the chain is young professionals aged 18 to 30 with a focus on the utilisation of social media platforms to enhance the brand.
• Turnover of £5.23m for the 12-month period ended September 2021
• Operating from 2 leasehold premises (recently refurbished)
• High Specification of kitchen equipment
• 32 employees
Deadline for offers
Offers are required by 5pm on 7 October 2022.
Further details and contact information
Further details will be supplied subject to the signing of a confidentiality agreement.