For Sale

Well Established And Very Popular Takeaway Or Eat-In Business

Bolton, Greater Manchester

£20,000 +SAV

Ref: 3027 A

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

Share this property
Share

Description

Hilton Smythe is delighted to welcome to the market this well-established and very popular takeaway or eat-in business, which is ideally located within Bolton, Greater Manchester.

The business was established by our client in 2012 and is only now reluctantly being offered to the market due to our client’s ill health forcing the sale. The business currently operates 7 days per week and generates a fantastic turnover in the region of £200,000 per annum, with a gross profit of approximately 65%.

Our client offers a wide variety of fayre including burgers, fried chicken, kebabs, fish & chips, jacket potatoes, pies & pasties, pizzas and calzone, to name a few, as well as a selection of desserts and hot/cold beverages. In addition the business also offers fresh milkshakes, which have proved to be very popular.

Our client is very experienced in branding and franchising in the food industry, he has created a unique brand capable of being franchised. Any buyer will have a superb platform to build upon, especially as the business continues to boom.

The spacious property is set over three floors with the main seating area for 36 covers and commercial kitchen area to the ground floor. To the first and second floors are 7 potential letting rooms, 5 of which are always let out at a rate of £80 per week. This income is in addition to the business income.

The business has built up an enviable reputation within the area for the high quality of the food and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals.

We feel the there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to advertise the business and services offered. There is already a website in place to promote the business, which incorporates online ordering facilities at www.yoloburgerbar.co.uk.

This is an excellent opportunity for a new owner to take this already thriving and busy town centre business to the next level; therefore early viewing must come highly recommended.

Tenure

Leasehold

We are advised Leasehold:

Original lease length: 15 years
Remaining lease length: 12 years
Rent: £10,000 per annum

Hours

The business is open:

Monday, Wednesday and Thursday: 11.30am – 11.00pm
Friday: 2.00pm – 11.00pm
Saturday: 11.30am – 11.00pm
Sunday: 12.00pm – 11.00pm

Staff

The business is owner run and managed with 3 x full time and 3 x part time staff members.

Financial Profile

The business generates a fantastic turnover in the region of £200,000 per annum, with a gross profit of approximately 65%.

Location

Yoloz Burger & Shakes bar occupies substantial three storey premises, ideally located within the bustling town of Bolton, Greater Manchester. The property is located within a parade of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade.

The business further benefits from good car parking facilities within the area. The business is opposite a new cinema complex currently under construction, which is expected to massively increase footfall in the area.

Bolton is a bustling town in the North West of England and as of the 2001 census, the town had a residential population of 139,403. Landmarks in the town include the imposing neoclassical town hall, which was designed by William Hill and opened in June 1873 by the Prince of Wales.

The area is well served by the public transport system, with several bus stops within easy walking distance of the property. Bolton railway station is just over 10 minutes’ walk away. The area is also very well served by the A-roads, with both the A666 and A579 being within close proximity, which link to the national A-road and motorway networks. Manchester city centre is approximately 13 miles away and Blackburn is 13½ miles away.

Premises

Substantial three storey premises in an ideal trading position, briefly comprising:

Ground floor with:

Large shop with tiled flooring
4 x seating booths offering 36 covers
Deli style serve over counters
Preparation room
Office/rest room
Shower room/WC

First & second floors with:

7 potential letting rooms – 5 of which are let at a rate of £80 per week each generating additional income of £20,000 per annum
The additional two rooms are used for personal and business requirements
2 x shower rooms
Bathroom
Separate access

Equipment included:

Chiller unit
Serve over display counters
Dessert counter
Deep fat fryer
Display cabinet
Doner kebab machine
Chip dump
2 x refrigerators
Preparation tables
Dough roller
Pizza oven
Steamer
Bug zapper
5 x monitors/screens
Wall mounted TV
Heated cabinet
EPOS cash register
2 x tall refrigerators
Double door freezer
2 x small refrigerators
Ice cream machine (leased)

External with:

Good signage
CCTV with 6 x cameras
Roller shutter doors to front and rear
Rear yard with car parking space

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]