Bars for sale in Bolton

View the "Riviera Bar & Nightclub Bolton BL1 1EL" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Unbelievable, as I've saved hundreds on agents fees, by doing it myself. 

Anjam Hussain (Jun 2017)
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Leasehold Price: £79,995 Turnover: £120,000
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Business Description
Business
Hilton Smythe are delighted to welcome to the market Riviera Club, Bolton, a popular and long-established nightclub, located on Bradshaw gate in the town centre.

The business has been under the careful ownership of our client for the past year, and a full refurbishment was completed less than a year ago. The business is now on the market for sale due to our client’s other commitments.

The business is well known locally and loved in the town and has many regular customers, the club is very much a social hub within the community with its popular events. The business also benefits from high levels of footfall and passing trade due to location.

Riviera trades on a wet sales basis only and holds a licence to trade from 9am as a coffee shop, with alcohol sales commencing at 12pm on the weekends and 8pm through the week. The licence includes indoor sporting events, indoor live music, recorded music, performance of dance, the sale by retail alcohol. The full licence details are available upon request.

Along with the current impressive turnover we feel that there is fantastic scope for this to increase with utilising the VIP facility located within the premises and to host private functions plus more live music events. Also, it must be noted that current turnover is based on limited opening hours, this could be reviewed to extend opening hours during the week in accordance with its current licence.

A modest marketing campaign would also help raise the profile of the business.

This is a tremendous opportunity to own this highly desirable business, an early viewing must come highly recommended to avoid disappointment.

Location
Riviera Club is located on Bradshaw gate, Bolton town centre, providing lots of footfall.

The area of the business is well served by the public transport system, with several bus stops and Bolton Train Station within 5 minutes walking distance of the property.

The area is also well served by the A-roads, with the A666 being within easy driving dis-tance of the business, which links to the M60/M61 motorway network.

Premises
The Club has great signage with inviting décor and attractive bar area.

Basement
Male and female toilets newly renovated to high standard with bespoke lighting and décor.

Office
Staff Room

Ground floor
Open plan nightclub with pool table, VIP area, DJ booth, dancefloor and Bar.
External smoking area.
Sliding club entry door for entrance payment.

Equipment included in the sale comprises of;
Sofa's x 12, till system, fire system, Fridges, 2 x Bass, speakers, DJ system, bespoke lighting, disco lights and laser lights. We also have the tables, real crystal wall quilting, ample glasses and glass wash system.

The premises is fully alarmed with CCTV, metal shutters and a panic button in the office.

Tenure
We are advised the premises is Leasehold with 15 years remaining on the current lease.

Annual rent of £15,000.

Hours
Current opening hours
Thursday 21:00 - 00:00
Friday 21.30 -5.00
Saturday 21.30 – 5.00

Potential opening hours
Monday 09.00 – 18.00
Tuesday 09.00 – 18.00
Wednesday 09.00 – 03.00
Friday 09.00 – 05.00
Saturday 09.00 – 05.00
Sunday 09.00 – 2.00 (bank holiday 09.00 -04.00)

Staff
Owner ran with 6 part time staff members.

Financial Profile
The business reports a turnover for last year of £120,000 and an asset value in an excess of £100,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04332
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