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
Outstanding opportunity to acquire a market-leading provider of bespoke communication and network solutions. With decades of expertise, this business has built a stellar reputation for technical excellence and client-focused service delivery, offerin...
Formed in 2000, the opportunity is a well established commercial vehicle hire, garage services and van sales business. The business benefits from an outstanding strategic trading location between two important regional locations.The business provides...
FREEHOLD
The company delivers a comprehensive range of carpentry services for new houses and apartments, including structural carpentry (joists and roofing), 1st fix (structural work), 2nd fix (finish carpentry), finals, and cladding installations. With opera...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.