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Restaurant/cafe for sale

£29,999

18 St Andrews Court, Bolton BL1

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Property 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 decor 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. The current owner is willing to include £1000 in the sale price.

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

The business is currently closed due to our clients ill health.

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.

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%.
The assets are valued at £45,000

What Zoopla users think of Bolton

Overall rating:

  • currently 3.5 stars
Good - 71% (343 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Bolton (0.3 miles)
  • Hall-i'-th'-Wood (1.5 miles)
  • Moses Gate (1.9 miles)
  • Manchester International Airport (16.7 miles)
  • Liverpool John Lennon Airport (24.2 miles)
  • Blackpool International Airport (28.0 miles)
  • Liverpool Belfast Ferry Terminal Bootle (25.5 miles)
  • Liverpool Pier Head Ferry Terminal (26.3 miles)
  • Liverpool Isle of Man & Dublin Terminal (26.3 miles)

Nearby schools

View all schools in Bolton
  • St Peter and St Paul RC Primary School (0.5 miles)
  • Bolton Parish Church CofE Primary School (0.6 miles)
  • Gaskell Community Primary School (0.6 miles)
  • The Young Mums Unit (0.6 miles)
  • Youth Challenge Pru (1.9 miles)
  • Abbey College Manchester (10.1 miles)
  • Bolton School Boys' Division (0.9 miles)
  • Bolton Muslim Girls School (1.0 mile)
  • Eden Boys' School Bolton (1.1 miles)
Note: Distances are straight line measurements

Local info for Bolton

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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