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
Scope To Extend Opening Hours
Potential For Outside Catering
Scope For Outside Delivery Service
Retirement/Ill Health Forces SaleDescription: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:
Oven & Hobs
Extractor FansOpening Hours:
Currently - MON - FRI: 09:00 - 14:30Weekly Rent:
£138 Per Week. Weekly Rent:
£138 Per Week.