Newly Fitted Sandwich Shop Bolton BL3

Bolton, Manchester

Status

FOR SALE

Date Submitted:

14/07/21

Advert ID

279681

Reference

7502 / Rightbiz
Leasehold: £25,175
Annual Turnover: £51,550
    Huge Opportunity - Newly Fitted Sandwich Shop

    Prominent Town Centre Location

    Re-Opened in May 2021 after £15,000 Refurbishment

    Sales Increasing 'Week-On-Week' T/O £900/week

    Projected Turnover 12 Months £51,550+

    Projected Gross Profit 12 Months £36,500+

    **Viewing Strictly by Appointment**

    Fully Equipped and Beautifully Presented

    Café Trading Here For Over 45 Years

    SUIT OWNER OPERATOR - Hands-On

    Low Rent £138/week

    Scope To Extend Opening Hours

    Potential To Expand Menu

    Potential For Outside Catering

    Scope For Outside Delivery Service

    Retirement/Ill Health Forces Sale

    EPC - C

Description:
REF 7502 – Leasehold Newly Fitted Sandwich Shop
Blacks Business Brokers are pleased to bring to the market this leasehold newly fitted sandwich shop located in Bolton, Greater Manchester.

INTRODUCTION
Lever Street Kitchen was established by our client in this extremely busy industrial area of Bolton in 2020, when our client took ownership and refitted an existing business. A business of a similar nature had been trading here for over 40 years. The business offers a range of breakfasts, lunches, snacks and drinks across five days a week with scope for six. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Lever Street Kitchen has a comprehensive website in place.

LOCATION
Lever Street Kitchen occupies a main road trading position within an industrial area which is filled with manufacturers, offices and other businesses. Many of the surrounding office blocks and businesses have been operating on reduced staffing due to covid restrictions, however almost all are returning to full staffing during the summer of 2021, with a neighbouring business approaching our client to request earlier opening in order to cover shift workers starting at 06:00. The area is well linked by the M61 with very strong public transport links and parking is available immediately outside the business.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s ill health and therefore retirement, the business is offered for sale. This 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 Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2020 at a cost of £138.50 per week.

STAFF
The business operates with two part time members of staff supported by our client as and when required.

FINANCIAL DETAILS
Lever Street Kitchen has traded solidly since opening and our client has established a strong repeat customer base. We are advised the business is increasing week on week since re-opening, with a Projected Turnover 12 Months £51,550+,Projected Gross Profit 12 Months £36,500+.Full financial information is available upon viewing.

BUSINESS RATES
The business benefits from small business rates relief.

SUMMARY
This newly fitted business occupies an enviable trading position in a bustling, highly sought after area of Bolton. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options, delivery service and longer opening hours. A new owner may also look to offer outside catering services to local businesses, offices and so on. 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.

Accomodation:
BUILDING LAYOUT AND DESIGN
Lever Street Kitchen operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and brand new signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the front of the shop with catering kitchen to the rear of this. The kitchen is fully equipped with a range of catering equipment including ovens, hobs, grills, coffee machines, fridges, freezers and much more. All areas are finished to a high standard.

Following a Full Refurbishment in 2020, the business re-opened in May 2021, and due to the owner's health issues, they are now looking to pass this great business onto a new owner-operator and someone who can take the business to its full potential.

Since re-opening sales have increased week on week, and as of July 2021, are taking between £750-£800 a week. This is based on the current opening hours, with only 2 staff members. There is a huge opportunity for a new owner who is hands-on that can take this forward.

Viewing is STRICTLY BY APPOINTMENT and early booking is recommended.

Fixtures & Fittings:
Fridges
Freezers
Coffee Makers
Oven & Hobs
Extractor Fans


Opening Hours:
Currently - MON - FRI: 09:00 - 14:30


Weekly Rent:
£138 Per Week. Weekly Rent:
£138 Per Week.
Contact Agent
Advert Reference:
7502 / Rightbiz
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The data showed regarding this advert 'Newly Fitted Sandwich Shop Bolton BL3 - 7502 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller