Restaurant to let

Market Street, Hoylake CH47

Mythos greek restaurant


Established & Profitable Greek & Mediterranean Restaurant in Hoylake, Wirral

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 has been successfully operated by the current owner for approximately five years and has built a strong local following during that time.
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. Popular sharing options include the Mythos Platter and multi-course Meze, 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
Childrens 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.
Established reputation


Mythos has developed a loyal customer following and an established reputation within the local area.

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.
Authentic greek & mediterranean cuisine


The food offering is central to the appeal of Mythos.

The menu features traditional dishes prepared around Greek and Mediterranean cuisine.
Multiple income streams


A particular attraction of the business is that the purchaser is not reliant solely upon traditional restaurant dining.

Mythos currently offers takeaway and delivery in addition to its restaurant operation.

The function room provides another potential income stream, with capacity for parties of up to 60 people.

There is therefore scope for an incoming owner to develop several areas of the existing operation, potentially increasing turnover without fundamentally changing the established concept.
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

• Approximately five years ownership by the current proprietor

• Loyal and repeat customer base

• Strong online reputation and customer reviews

• Established Greek & Mediterranean concept

• Broad menu appealing to couples, families and groups

• Restaurant, takeaway and delivery income streams

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

• Established website and online presence

• Attractive coastal-town location

• Opportunity to further develop takeaway, delivery and private functions

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

• Suitable for owner-operator, family business or experienced restaurateur
The opportunity


Mythos represents an opportunity to acquire an established trading restaurant with an existing reputation and customer base, rather than taking on the risk associated with starting a new restaurant from scratch.

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.

The business would suit an operator looking for an established restaurant in a popular coastal location, with the added attraction of further development potential.

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.