Restaurants for sale in Bolton

View the "Town Centre American Restaurant Bar/Nightclub" 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: £49,950 Price Reduced Turnover: £180,000 Gross Profit: £117,000
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Business Description
BUSINESS
Hilton Smythe are delighted to offer to the market Lincolns American Bar & Grill. The business is free of tie and very versatile, by day an American Diner, by night a Bar/Nightclub.

Our client established Lincolns American Bar & Grill 2 years ago, prior to becoming the restaurant/bar the venue has been an established night bar trading for over 20 years. The business is being offered to the market, due to the owner wishing to focus on another business venture.

In the short time the business has been trading, the restaurant has generated excellent ratings and reviews on social media with quotes stating ‘The food is absolutely amazing and very well presented’, ‘Would definitely recommend to anybody who enjoys burgers’ and ‘Music on in the background not too loud great layout and smart inside’. The business has an active Facebook page with an impressive 1,700 followers.

The restaurant is themed as an American Diner, with bespoke décor and wall art, our client will be taking his personal vinyls and musical instruments. The menu offers a large variety of gourmet burgers, salads, pastas, steaks, kids meals, milkshakes, desserts etc.

During the time the restaurant has been trading, the owner has hosted a lot of private functions, he has experienced a high demand on 18th and 21st parties. Due to the versatility of the layout, its simple to change the furniture from restaurant to function room with the dancefloor, holding up to 200 guests. Lincolns American Bar & Grill further benefits from being one of the very few bars in the town center with the late license enabling the venue to serve alcohol until 5.30am. So there is plenty of scope to push the nightclub side of the venue.  

We feel this business would suite a partnership, perhaps husband and wife team. Early viewing is advised to avoid disappointment.

LOCATION
Lincolns American Bar & Grill is located in Bolton Town Centre.

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance. There is also a railway station nearby, the closest being Bolton train station.

The area is well served by the A-roads, with the A666 and the A58 being within easy driving distance of the business, which links to the M61 motorway network.

PREMISES
The property has been recently refurbished inside. being in the center of the town the venue benefits from lots of footfall with ample street parking and car parks nearby.

Lower Ground floor: -

Modern designed restaurant with covers for 60+.  

Fully fitted bar

4 fridges

Epos till

Coffee machine

DJ decks

Surround sound system

5 plasma tv’s

4 settees

4 stools

Tables

Kitchen: -

Large open plan commercial kitchen, with pass through and viewing area through the bar. The kitchen briefly comprises of stainless steel worktops, stainless steel sink, storage cupboards and shelving, 6 burner gas oven with hood, double fryer, griddle, gas grill, combi oven, 2 x freezer and hot plate.

External seating area: -

During the summer months our client has outdoor seating for 30 covers.

Cellar: -

With easy drop point.

Male and female customer toilets

 

The building is fully alarmed and has a CCTV system with 6 cameras.

TENURE
We are advised the premise is Leasehold.

There are currently 9 years remaining on the lease with a 3rd year break clause.  

Low rent and rates exempt.

HOURS
Sunday: 12.00 – 22.00

Tuesday - Thursday: 12.00 – 22.00

Friday – Saturday: 12.00 - Late

STAFF
Owner ran with the help of 5 full time staff members.

FINANCIAL PROFILE
The business forecasts an annual turnover of £180,000 with a gross profit of 65%.

EXTRA NOTES
Current owner is offering a hand over period to ensure continued success of the business.  
Tenure: Leasehold

Listed by: Hilton Smythe
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