Restaurants for sale in Market Harborough

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Completely Refurbished Restaurant Business

Market Harborough, Leicestershire, England

  • Leasehold Price: £49,999  Price Reduced arrow_drop_down
  • Turnover: £234,000
Seller Reference: B05764
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Business Description
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Seller Reference: B05764
Request Details
Business Description
Please Quote Reference B05764

Hilton Smythe welcomes to the market The Olive Kitchen in Market Harborough Leicestershire. This completely refurbished site has been operated by the current vendors for just over 9 months in which time it has built up an enviable reputation for quality and service and which due to relocation to the South of England this very rare and exciting opportunity has now become available.

The site has been completely refurbished to a very high standard and is being offered to the market as a turn-key business opportunity with all fixtures and fittings included in the sale enabling the new operator to just walk in and start trading without any additional costs.

The current business model operates an a la cart menu in the evenings with a longer service on a Saturday the site is currently licensed until 2am with an additional entertainment caveat on the licence. The trading area is currently set out with 65 covers spread across two levels with the benefit of an additional external courtyard area for alfresco dining.

This represents the ideal opportunity for either an established operator looking for an additional site or an individual or partnership looking for their first business venture with the benefit of obtaining fully refurbished premises in the ideal trading location within this much sought-after Market Town.

Situated on Abbey Street in the centre of the much sought-after trading location of Market Harborough in Leicestershire. The site is easily accessible on foot and by all modes of transport with plenty of Pay & Display parking close by within the town centre.

Market Town trading location, front entrance through to main trading area with servery, tables, seating and soft furnishings, bar with wine storage units and electronic till system, steps up to rear courtyard access, first floor trading area with tables and seating fully fitted kitchen including fridges, freezers, all stainless preparation equipment, ovens, grill new extractor system, integral dumb waiter lift system, second floor office space with shower room and additional storage/staff area, access to additional loft space, good quality plates, cutlery & glasses, to the outside there is side access to the rear of the property which incorporates walk in fridge units. Everything at the site is included in the sale.

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £30,000 per annum with 5 years remaining on the current 6 Year lease.

The opening hours for food service are currently 6.00pm to 9.00pm Monday to Friday 12.00pm to 3.00pm & 6.00pm to 9.00pm on Saturday, the business is closed on Sunday.

The business is run and managed by the current vendor with the assistance of 4 x full time and 7 part time staff.

Financial Profile
We are advised the business is turning over in the region of £234,000 per annum trading limited hours to suit the current operators.

There are no business rates or service charges payable. For further information please quote reference B05764.

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