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Well Established Tapas Restaurant

Sale, Manchester
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  • Leasehold: £59,995
  • Turnover: £320,000 £6,154 Per week
  • Net Profit: Not Applicable

Business Details

Business
Please quote reference B05148

Hilton Smythe is delighted to introduce to the market El Bolishe, an extremely highly rated, tapas eatery located in the centre of Sale, Manchester.
The restaurant was originally founded in 2016 and has been under the careful ownership of our client since inception, only now does the business reluctantly come to the market due to our client’s wish to move on.


El Bolishe is located within a large 4 storey building, on the lower ground is the fully equipped commercial kitchen. The ground floor is the bar and service are with 55 – 65 covers (depending on layout).

The first floor is used as a private party room with bar area and over 30 covers. The second floor is currently used as storage but could be converted to a flat should the buyer desire (planning permission maybe required)

There is also space at the front of the restaurant for external seating, which is due to be expanded by the local council. There is also a rear yard, accessible via the Kitchen. 

The restaurant is fitted to a high standard, with bespoke décor and lighting and modern equipment.

Our client has worked extremely hard to establish the business, and the restaurant now boasts an outstanding reputation for offering a fine dining experience with a menu of traditional Tapas of the highest quality.

 Trip advisor reviews state:

 ‘Great meal out with friends- delicious food-good company- great service-very good value-live music- what’s not to like? We will be back!’

and

Another fantastic evening with lovely food, draught beers and a great selection of wines. This was topped off with a very lively and enjoyable music session with the resident band’


The restaurant holds an alcohol licence and is currently open for evening meals, though there is ample scope to increase the opening hours and offer a lunch service.


This is a profitable and ready to walk in business opportunity not to be missed.

Early viewing is highly recommended as our client is hoping for a quick sale, our client is offering a hand over period to ensure the continued success of the business

Viewings are by appointment only, please contact Hilton Smythe for further information



Location
The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The business further benefits from close by parking facilities to the front of the premises

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The train station is just 5-minute walk away. The area is also well served by the A-roads within easy driving distance of the business, which links to the M60/M61 motorway network

There are plenty of car parks in the proximity



Premises
The business operates from a large commercial premise located Northenden Road, Sale, Manchester

Lower ground

Large commercial kitchen with wash area, storage room, cold room, preparation room and staff changing/WC

Access to the rear yard

Ground Floor
large open plan restaurant, with bespoke lighting and décor


First Floor
Large open plan function room with fully fitted bar area


Customer WC

Second Floor

Currently used as storage but could be converted into living accommodation (planning permission maybe required)

Equipment included in the sale briefly comprises of:

  • Tables
  • Chairs
  • Bar stools
  • Crockery
  • Extraction system
  • Fridges
  • 2 door, cabinet fridge
  • Large commercial fridge
  • Pot wash sink
  • Commercial dishwasher
  • 2 x commercial ovens
  • Burner gas hob
  • Grill
  • Baine Marie
  • Counter top fryers
  • Stainless steel preparation tables
  • Double stainless steel sink
  • Drinks fridges
  • Wine chillers
  • Tall drinks fridge


Tenure
Leasehold with 7 years remaining on the current lease. Annual rent of £23,972

The business also benefits from a rates reduction



Hours
Monday to Thursday:  5pm – 10pm  

Friday, Saturday & Sunday: 1pm – 10:30pm     



Staff
The business is owner run with the help of 4 full time and 4 part time staff members



Financial Profile
The business reports a turnover for the last year of approximately £320,000  

Please quote reference B05148



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Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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