Hilton Smythe is delighted to welcome to the market this well-established and very popular takeaway or eat-in business, which is ideally located within Bolton, Greater Manchester.
The business was established by our client in 2012 and is only now being offered to the market due to our client’s desire to concentrate on other business interests. The business currently operates 7 days per week and generates a fantastic turnover in the region of £200,000 per annum, with a gross profit of approximately 65%.
Our client offers a wide variety of fayre including burgers, fried chicken, kebabs, fish & chips, jacket potatoes, pies & pasties, pizzas and calzone, to name a few, as well as a selection of desserts and hot/cold beverages. In addition the business also offers fresh milkshakes, which have proved to be very popular.
Our client is very experienced in branding and franchising in the food industry, he has created a unique brand capable of being franchised. Any buyer will have a superb platform to build upon, especially as the business continues to boom.
The spacious property is set over three floors with the main seating area for 36 covers and commercial kitchen area to the ground floor. To the first and second floors are 7 potential letting rooms, 5 of which are always let out at a rate of £80 per week. This income is in addition to the business income.
The business has built up an enviable reputation within the area for the high quality of the food and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals.
We feel the there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to advertise the business and services offered. There is already a website in place to promote the business, which incorporates online ordering facilities at www.yoloburgerbar.co.uk.
This is an excellent opportunity for a new owner to take this already thriving and busy town centre business to the next level; therefore early viewing must come highly recommended.
Yoloz Burger & Shakes bar occupies substantial three storey premises, ideally located within the bustling town of Bolton, Greater Manchester. The property is located within a parade of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade.
The business further benefits from good car parking facilities within the area. The business is opposite a new cinema complex currently under construction, which is expected to massively increase footfall in the area.
Bolton is a bustling town in the North West of England and as of the 2001 census, the town had a residential population of 139,403. Landmarks in the town include the imposing neoclassical town hall, which was designed by William Hill and opened in June 1873 by the Prince of Wales.
The area is well served by the public transport system, with several bus stops within easy walking distance of the property. Bolton railway station is just over 10 minutes’ walk away. The area is also very well served by the A-roads, with both the A666 and A579 being within close proximity, which link to the national A-road and motorway networks. Manchester city centre is approximately 13 miles away and Blackburn is 13½ miles away.
Substantial three storey premises in an ideal trading position, briefly comprising:
Ground floor with:
Large shop with tiled flooring.
4 x seating booths offering 36 covers.
Deli style serve over counters.
First & second floors with:
7 potential letting rooms – 5 of which are let at a rate of £80 per week each generating additional income of £20,000 per annum.
The additional two rooms are used for personal and business requirements.
2 x shower rooms.
Serve over display counters.
Deep fat fryer.
Doner kebab machine.
2 x refrigerators.
5 x monitors/screens.
Wall mounted TV.
EPOS cash register.
2 x tall refrigerators.
Double door freezer.
2 x small refrigerators.
Ice cream machine (leased).
CCTV with 6 x cameras.
Roller shutter doors to front and rear.
Rear yard with car parking space.
We are advised Leasehold:
Original lease length: 15 years
Remaining lease length: 12 years
Rent: £10,000 per annum
The business is open:
Monday, Wednesday and Thursday: 11.30am – 11.00pm
Friday: 2.00pm – 11.00pm
Saturday: 11.30am – 11.00pm
Sunday: 12.00pm – 11.00pm
The business is owner run and managed with 3 x full time and 3 x part time staff members.
The business generates a fantastic turnover in the region of £200,000 per annum, with a gross profit of approximately 65%.
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