Tue 28 Nov 2017
Mazars LLP have been instructed by a licensed venue to assist them with a sale of their business via an accelerated M&A transaction.
The company operates a bar with a late licence from leasehold premises in Manchester.
The company’s latest management accounts detail turnover of £1m with gross profit of £600k and an operating profit of £30k. The main assets relate to goodwill and furniture and equipment.
The company has circa 20 employees, including the three directors with an average gross monthly salary of £2,000 per person.
Offers are invited from interested parties who are seeking to purchase the business as a going concern in the first instance or who would be willing to inject funds into the business in return for equity.
Please email Heather Bamforth to request a non-disclosure agreement and further information.
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