Property for sale

* This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid: £330,000 Reservation Fee *

A Charming Family-Run Italian Restaurant For Sale in Bacup, Rossendale

Imagine owning a superb, family-friendly Italian restaurant with over 20 years of success, a sterling reputation, and an authentic Italian atmosphere. Marios is a much-loved gem, serving the Bacup community, offering a cozy yet lively dining experience. Whether you're continuing its legacy or envisioning something new, this versatile property holds endless possibilities, from continuing the restaurant's success to transforming it into apartments—subject to necessary planning permissions.

The Restaurant Business

Marios has been a staple in Bacup's dining scene for more than two decades, known for its warm, welcoming vibe and genuine Italian cuisine. With the capacity to host between 65-70 guests, the restaurant currently generates an impressive annual revenue of around £250k, boasting a remarkable 74% profit margin. Everything you see is included in the sale—commercial kitchen equipment, tables, chairs, bar, and more, making it a seamless opportunity to step right in and keep the momentum going.

Strategically positioned on the bustling Market Street, the property enjoys excellent visibility and passing foot traffic, thanks to its proximity to a busy Morrisons supermarket. This prime location makes it an ideal investment, whether you're looking to continue its culinary journey or pursue a new venture.

Property Description

The property itself is a charming stone-built end terrace with a slate roof and a single-storey annex. It's impeccably maintained both inside and out, with gas-fired central heating and UPVC double-glazed windows throughout, ensuring comfort and energy efficiency.

The restaurant is located on the ground floor, featuring a beautifully designed dining area, a welcoming reception, and a cozy bar that sets the stage for unforgettable meals. Upstairs, you'll find a spacious 3-bedroom apartment, perfect for on-site living or additional rental income. The property also includes a generous cellar with ample storage and staff facilities.

Recent Renovations

A series of tasteful renovations have been completed over the past few years, ensuring everything is in excellent condition:

Toilet Renovation: 2016
Kitchen Renovation: 2016
Restaurant Renovation: 2017
Bar Renovation: 2018
The restaurant comes fully equipped with a state-of-the-art commercial kitchen, including a gas pizza oven, pot wash system, refrigerators, freezers, ovens, and all the tools you need to deliver an exceptional dining experience.

Accommodation Overview

Spread across three floors, the property offers extensive space, each thoughtfully designed and fully functional for business operations and living.

Cellar: Includes multiple storage rooms such as a bottle store, boiler room, and laundry area (1,103 sq. ft.). Also features staff changing rooms and WC.

Ground Floor:

Entrance Hall
Restaurant Area (1,309 sq. ft.)
Bar Area (161 sq. ft.)
Kitchen (130 sq. ft.)
Food Prep Area (248 sq. ft.)
Apartment: A spacious 3-bedroom apartment located on the upper floor, perfect for personal living or additional rental income. It includes:

Bedroom 1: 118.24 sq. ft.
Bedroom 2: 195.26 sq. ft.
Bedroom 3: 184.76 sq. ft.
Kitchen: 45.33 sq. ft.
Lounge: A large, airy living room with lovely views over the front of the property.
Bathroom: A comfortable, well-appointed bathroom with a shower, hand basin, and WC.
Site Area & Parking

The entire site spans approximately 2,000 sq. ft., offering ample space for your vision to come to life. While there is no dedicated parking, there is a verbal agreement in place with a nearby landowner for parking spaces, perfect for customers and staff.

Services

The property is equipped with all mains services, including efficient gas-fired central heating, ensuring comfort for both diners and residents.

Business Rates

The property has a Rateable Value of £13,250, with Rates Payable approximately £5,000 per annum, as informed by the Local Rating Authority.

Legal Costs & VAT

Each party will be responsible for their own legal costs. All prices are quoted exclusive of VAT, but VAT may apply at the prevailing rate.

Viewing

To truly appreciate the charm and potential of this fantastic property, viewing is highly recommended. Book your appointment now through the Agents for an exclusive tour.
LOCATION
Bacup is a historic town nestled in the Rossendale Valley of Lancashire, England. Known for its rich industrial heritage, Bacup flourished during the 19th century as a bustling center for textile manufacturing. The town is characterized by its distinctive stone-built terraces, picturesque landscapes, and a strong sense of community. Today, Bacup retains much of its traditional charm, with landmarks like the Bacup Natural History Society Museum and the iconic 14th-century St. John's Church attracting visitors. Its vibrant local culture, including annual events like the Bacup Easter Saturday Folk Parade, highlights the town's enduring spirit and deep-rooted traditions.

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.