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The double-fronted inn features a 50-cover single open-plan lounge bar, a rear yard, a car park and three-bedroom owner's accommodation.
Spice Valley Restaurants, which is headed by Mr & Mrs Subhash Kotecha, currently operates two sites in the region under its Spice Valley brand.
The company plans to refurbish the Bay Horse and operate it as a cocktail feeder bar for their unit in Horwich.
Keith Stringer, associate director at Christie + Co, said: "This prominently-positioned business generated interest from a number of regional operators and developers. We are confident it will make a sound addition to the Spice Valley Restaurants estate."
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