Ref 7557 – Leasehold Franchise Restaurant/Takeaway
Blacks Brokers are pleased to bring to the market this leasehold franchise restaurant/takeaway located in Market Place Shopping Centre, Bolton.
Pepe’s Bolton was established in this busy area of Bolton town centre in 2017 and was taken over by its current owners in 2019. Pepe’s is a successful piri piri franchise with 138 stores across the UK as well as further stores in Ireland, Pakistan and uae. Pepe’s Bolton has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position in Bolton town centre. Our client has ensured the business has an excellent reputation and strong social media following with over 1,000 followers on both Instagram and Facebook. Pepe’s Bolton has a comprehensive website in place.
Pepe’s Bolton occupies a prominent trading position within The Vaults at Market Place Shopping Centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as River Island, Next, Pandora and many more. There are also a number of car parks and other local amenities nearby including The Post Office and Bolton Museum. The area is well linked by the M61 with very strong public transport links and parking is available in the surrounding area.
The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2016 at a cost of £385 per week.
The business operates with five full time and five part time members of staff in place – this includes one full time manager. Our client oversees management remotely.
Pepe’s Bolton has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has a projected annual turnover of £585,000 and a projected gross profit of £292,500. Full financial information is available upon request.
The business rates are £3592 for V13 and and £11102.75 for V2 .
This well established business occupies an enviable trading position in a highly sought after area of Bolton. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours, possibly a strong marketing drive in the local area and online along with expansion on the delivery side of the business as it currently only generates around 30% of the income. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £139,000.
Please quote ref: 7557