Restaurant to let

Market Street, Hoylake CH47

Mythos presents an excellent opportunity for an experienced restaurateur, husband-and-wife team, family operator or investor looking to acquire a trading restaurant with an established reputation, loyal customer base and significant scope for further growth.
The business


Located on Market Street in Hoylake, Mythos is an established Greek restaurant offering authentic Greek and Mediterranean cuisine in a relaxed and welcoming environment.

The restaurant benefits from a broad and appealing menu, including traditional Greek dishes, meze, souvlaki, mixed grills, steaks, seafood, vegetarian dishes and desserts all providing an attractive proposition for couples, families and groups.

The business also benefits from several complementary revenue streams, including:

Restaurant dining
Takeaway collection
Delivery service
Function and private-party dining
Drinks and bar sales
Children’s menu
Special occasion dining and seasonal offers
The restaurant / Function room can accommodate parties of approximately 60 people, creating an additional opportunity for birthdays, celebrations, private functions and group dining.

The restaurant currently enjoys strong online customer feedback, with Tripadvisor showing a 4.8/5 rating and numerous recent reviews highlighting the quality of the food, friendly service and relaxed atmosphere.

This established reputation provides an incoming purchaser with a valuable platform from which to continue trading rather than having to build a new restaurant concept from scratch.
Development potential


In addition to the established restaurant business, the property offers an interesting value-add opportunity.

A substantial existing storeroom may provide potential for conversion into a studio apartment, subject of course to the necessary planning permission, building regulations, licensing and other consents.

If achievable, this could provide an incoming purchaser with an additional asset or potential residential income stream, making the opportunity particularly attractive to an owner-operator seeking both a business and potential accommodation.
Location


Mythos occupies a prominent position on Market Street, Hoylake, Wirral, within an established coastal town.

The combination of local residents, existing customers, visitors and the wider Wirral catchment provides a strong customer base for an established restaurant such as Mythos.
Key features


• Established and profitable business

• Loyal and repeat customer base

• Restaurant, takeaway and delivery income streams

• Function room for private parties of up to 60 persons.

• Established website and online presence

• Potential conversion of substantial storeroom to studio accommodation, subject to planning and other consents
The opportunity


For an incoming purchaser, there is the opportunity to maintain the existing successful formula while exploring additional growth through increased private functions, takeaway and delivery sales, marketing, events and potentially the conversion of unused storage space into residential accommodation.

Early viewing is highly recommended.

Price £45,000 plus Stock at Valuation

Financial information, accounts, profitability, lease/property details and further commercial information are available to genuinely interested parties upon request and subject to the usual confidentiality arrangements.

The Lease has 15 years still to run and the current rental is £425 per week.

The Property has a Rateable Value of £7900 meaning that there would be zero Business Rates to pay for a single use occupier under the small business rates relief scheme. Interested parties should clarify this via Wirral Borough Council.

There is a £295 Tenants referencing & contracts administration fee to pay plus the Tenant would also be expected to contribute towards the cost of the preparation of the Lease Transfer documentation.

For further information or to arrange a viewing please contact this Office.