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Established Restaurant And Takeaway In Horwich For Sale

Bolton, Greater Manchester
Asking Price:
£24,995 Furniture / Fixtures included
Turnover:
£150,000
Net Profit:
Available on request

Main Road Trading Position
Annual Turnover £150,000
Gross Profit £70,000
Further Financial Information After Viewing
Priced For A Quick Sale
Seating For 40 Downstairs
Seating For Further 20 Upstairs
4 Star Hygiene Rating
Would Suit A Variety Of Cuisines
Free Parking In Immediate Area
Scope For Lunch Time Trade
Potential For Accommodation On 1st Floor
EPC - C

REF 6689 – Leasehold Restaurant & Takeaway

Blacks Brokers are pleased to bring to the market this leasehold restaurant and takeaway located on a busy main road in the Horwich area of Bolton.

Introduction

Spicebar has been trading on Chorley New Road since 2014. Our client established the business to meet local demand for a reliable takeaway and restaurant in this area. The business is well known and has a good reputation in the area with a large base of regular customers. Good reviews are noted on Trip Advisor and Google.

Location

The business is positioned on a busy main road close to many residential properties in addition to a range of other independent businesses and shops. The area is well linked by the M61 with good public transport links and free parking in the immediate vicinity. Bolton town centre, Bolton Wanderers' Football Stadium and Bolton University are all within a short distance.

Reason for sale

The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a ten year lease which began in 2014 and this runs at a cost of £212 per week. The business currently benefits from small business rates relief.

Building layout and design

Spicebar operates from the ground floor of a spacious, mid terraced property with large signage displayed above a matching glazed frontage. Inside, the main dining area offers seating for up to forty and is presented traditionally with tiled flooring throughout and is fully air conditioned. The servery is positioned to the rear and fully equipped kitchen behind. The kitchen is fitted with two commercial fridges, freezer, tandoor clay oven, seven hob cooker and much more. There are also toilet facilities.

The first floor of the property is currently used as additional seating for 20 and also has storage and a staff toilet. It could easily be converted into one bedroom with lounge or two bedrooms.

Staff

The business is currently operating with seven members of staff in employment supporting our client working on a full time basis.

Financial details

Spicebar has traded well since opening. We are advised that the business currently has annual turnover of £150,000 with gross profit of £70,000. Full financial details are available after a viewing.

Summary

This leasehold business occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with some modernisation and potentially a change to a bistro. It could accommodate any cuisine. New opening hours and a strong marketing drive could also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

MON - SUN: 17:00 - 23:00

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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