Founded by our clients in February 2015, the Business offers a unique, high end dining experience, with a bistro style, steak house menu, using good quality ingredients and formidable, welcoming service. Since its opening the business has been tirelessly developed and proudly features consistently within the top three restaurants within Bolton on the Trip Advisor website.
Since our clients founded the business, it has enjoyed year on year growth, and relies heavily on word of mouth recommendations to sustain its loyal customer base, only minimal marketing of the business has been undertaken.
The business is now reluctantly offered for sale as our clients look to pursue other new challenges.
The business is ideally located on the corner of the A58, Bury Road and Long Lane, connecting Bolton and Bury. The suburb of Breighmet is located within the Metropolitan Borough of Bolton, Greater Manchester and is a typical residential community with a collection of smaller, independent businesses. The location and prominent external signage ensures that the business capitalises on the passing pedestrian and vehicular trade, and as a result is extremely well known and regarded.
The two story, well presented, corner premises benefits from impressive external signage and has been adapted to suit our clients’ needs throughout.
Upon entrance is the main dining and bar area with attractive back bar display and flexible seating for 36 covers, towards the back of the ground floor is the service kitchen, with all expected equipment and appliances including extraction unit.
To the first floor is occupied by a preparation kitchen, dry store area, staff room, office and customer toilet.
The premises are protected from extensive CCTV throughout.
We are advised that our client had plans to revamp and remodel some of the interior layout, which in short, would increase the number of covers and amalgamate the kitchen and dry store, to suit the practicalities of this ever-growing demands of the business.
We are advised that the business had a lease granted when it was originally opened, this is due to expire in August 2017. The buyer would therefore be able to negotiate the terms of the new lease with the landlord. We are advised that the landlord is keen to renew or grant a new lease to the incoming purchaser. Rent is currently circa £800 pcm, with business rates standing at around £70 pcm. We are advised that the landlord has previously entered discussions surrounding the sale of the freehold.
The current opening hours are as follows:
Sunday 2pm – 8pm
Monday – Saturday 2pm - Late
Our client advises us that the hours could easily be extended to include lunch, therefore increasing revenue.
The business currently is overseen by our clients and has a full-time manager and chef, with 5-part time staff. We are advised that ideally the new owner could reduce the current wages bill by having an active involvement in the running of the business, something which our clients currently cannot do due to other commitments.
The business has seen year on year growth in terms of turnover. We are advised the business generates a healthy turnover in the region of £4,000 per week as standard. We are further advised that due to our client’s other commitments, that turnover is currently lower. This is reflected in the asking price of the business.
The business is sold with a vast inventory of fixtures, fittings and equipment.