Hilton Smythe is delighted to welcome to the market this well-established and popular restaurant business in Finedon, Northamptonshire.
The business was established by our clients’ in 2003 and is only now being offered to the market due to our clients’ desire for a well-deserved retirement. The business operates 5 days per week and generates a turnover in the region of £50,000 per annum, with a gross profit of approximately 70%.
Lovejoys is a family run restaurant and serves delicious homemade English food with a modern twist within a warm and friendly atmosphere. The business has built up an enviable reputation within the area for the high quality of the fayre and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel the turnover could be increased by extending the opening hours, as the business is currently being run at a pace to suit our clients. A new owner could also embark on a small marketing campaign to highlight the business and the goods offered. There is already a website in place to promote the restaurant, which may benefits from online booking facilities.
This is an excellent opportunity for a new owner to take this already busy restaurant business to the next level; therefore early viewing must come highly recommended.
Lovejoys of Finedon occupies substantial two-storey premises, ideally located in the town of Finedon within the Borough of Wellingborough, Northamptonshire. The business is located on High Street and benefits from a good volume of footfall and passing trade. The business further benefits from free on-street parking to the front of the premises, as well as a parking area to the rear.
Finedon is a quaint and picturesque town and is a very popular place in which to live and work, due to its close proximity to Wellingborough. According to the 2001 census, the town has a residential population of 4,188.
The area is served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is in Wellingborough, approximately 3½ miles away. The area is also well served by the A-roads, with the A6 and A510 both being within easy driving distance, which link to the national A-road and motorway networks. Northampton is approximately 18 miles away and Kettering is 9 miles away.
Substantial end terrace two-storey premises, briefly comprising:
Ground floor with:
Restaurant area with 24 plus covers.
Bar area with:
Double door upright drink chiller unit.
Single door chiller unit.
Hand wash basin.
Stairs leading to first floor.
Restaurant area with up to 20 covers.
Commercial kitchen with:
6 x burner cooker.
Full extraction system.
Double door stainless steel refrigerator.
6 x microwave ovens.
5 x stainless steel preparation tables.
Stainless steel shelving.
Double commercial sink unit.
Utility area with:
Upright chiller unit.
Stainless steel preparation table.
2 x microwave ovens.
Commercial sink unit.
First floor with:
Ladies and gents WCs.
Office/2nd kitchen area with:
Stairs leading to attic area.
Good size attic room (could be converted into owners’ accommodation with room to install an en-suite shower room).
Ground floor automated security shutters all round and CCTV
Rear parking area.
We are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 5 years
Review every: 3 years
Rent: £1,500 per month
The business is open:
Tuesday: 12.00pm – 2.00pm and evening service
Wednesday: 12.00pm – 2.00pm
Thursday – Saturday: 12.00pm – 2.00pm and evening service
The business is owner run and managed with casual labour as required.
The business generates a turnover in the region of £50,000 per annum, with a gross profit of approximately 70%.
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