St. Marys Road, Market Harborough, Leicestershire, LE16
Offers in Region of
£85,000
£71.79 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,184 sq ft
110 sq m
- SECTOR
Restaurant for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes and A4 Drinking Establishments
A3, A4
Key features
- Main High Street Location
- Enviable Reputation
- Extremely High Quality Fit Out
- Turnover in excess of £150k PA
- Impressive Net Profits
Description
PREMIUM COCKTAIL BAR & EVENT VENUE - MARKET HARBOROUGH
BUSINESS REFERENCE: GO2543
OIRO £85,000 + STOCK AT VALUATION
OVERVIEW
An outstanding opportunity to acquire a fully refurbished, design-led cocktail bar and event venue, trading as Boheme, positioned within the heart of Market Harborough.
Previously operating as Fifty Eight, the business has recently undergone a full rebrand and repositioning, transforming it into a more premium, experience-led concept aligned with modern hospitality trends. The rebrand has enhanced both the visual identity and customer offering, creating a more refined and aspirational venue with strong appeal across a broad demographic.
The business is already generating consistent income from a highly restricted trading pattern, demonstrating strong underlying demand. With the infrastructure, branding, and reputation already in place, Boheme presents a genuine turnkey opportunity with immediate scope for growth and scalability.
LOCATION
Boheme occupies a prominent position on St Mary's Road, just moments from Market Harborough's main high street.
Market Harborough is widely regarded as one of Leicestershire's most desirable market towns, benefiting from an affluent local population, excellent transport links, and a thriving independent retail and hospitality scene. The town attracts a steady flow of both local trade and visitors, particularly during weekends and seasonal events.
The business benefits from a highly attractive riverside setting, which significantly enhances its appeal. This feature not only provides a unique customer experience but also acts as a key driver for private hire bookings and seasonal trade, particularly during spring and summer months.
BUSINESS OVERVIEW
Trading Name: Boheme
Previous Trading Name: Fifty Eight
Established: 2019 (recently rebranded and repositioned)
Tenure: Leasehold (assignment available)
Lease: Approximately 6 years remaining
Rent: Favourable fixed rent secured for the next 3 years
Premises: Fully refurbished with high-quality fit-out and riverside terrace
The business has been carefully developed and enhanced through its recent rebrand, with particular attention given to branding, interior design, and customer experience.
It is now positioned as a premium casual venue, capable of delivering strong margins through a drinks-led model supported by complementary food and event revenue.
CONCEPT & OPERATING MODEL
Boheme operates as a multi-use hospitality venue, combining cocktail bar, lounge, and private event space within a flexible and highly adaptable format.
The concept is built around creating a relaxed yet high-quality social environment, with a focus on atmosphere, presentation, and customer experience.
Revenue Streams:
Cocktail Bar: High-margin signature cocktails, premium spirits, wines, and curated drinks menus
Food Offering: Light plates and nibbles designed to enhance dwell time and spend per head
Coffee & Day Trade: Artisan coffee and casual daytime offering (currently underutilised)
Private Hire & Events: A significant and proven income stream, including birthdays, corporate events, and exclusive venue hire
Private events represent a particularly strong element of the business, with the venue regularly securing bookings and often operating at full capacity during trading sessions.
TRADING PROFILE & FINANCIAL PERFORMANCE
The business is currently operated on a deliberately limited basis:
Average Monthly Turnover: c. £13,000
Current Opening: Approximately 2 days per week
Annualised Turnover (current model): c. £150,000+
This level of income is being generated with:
Minimal opening hours
Limited staffing requirements
Very little structured marketing
This highlights the strength of demand and efficiency of the operating model, while also clearly demonstrating the opportunity to increase revenues through expanded trading.
A more typical hospitality operation (5-6 days per week, including daytime trade) would be expected to materially increase turnover and profitability.
PREMISES & FIT OUT
The premises have undergone significant refurbishment and are presented to an excellent standard throughout.
The venue has been carefully designed to create a modern, stylish, and welcoming environment that aligns with the Boheme brand.
Key Features Include:
Professionally designed cocktail bar with full back-bar installation
Fully fitted commercial kitchen with quality appliances
Contemporary interior with high-quality fixtures, fittings, and décor
Flexible layout suitable for both casual trade and private events
Riverside terrace providing additional seating and strong seasonal appeal
The business is offered in genuine turnkey condition, allowing a new owner to continue trading immediately without further investment.
MARKETING & CUSTOMER BASE
The business benefits from an established and loyal customer base, built through:
Strong word-of-mouth reputation
Repeat custom
Local brand recognition (both as Fifty Eight and now Boheme)
Private hire demand is particularly strong and has been achieved without a structured marketing strategy.
There is clear scope to further enhance visibility and drive growth through:
Consistent social media activity and paid campaigns
A dedicated website with integrated booking functionality
Corporate partnerships and event promotion
Online reservation and pre-order systems
GROWTH & DEVELOPMENT OPPORTUNITIES
The business offers significant and immediate opportunities for expansion, including:
Extending opening days and trading hours
Introducing a structured food offering (brunch, lunch, evening dining)
Expanding private hire and corporate event bookings
Introducing themed nights, live music, and ticketed events
Developing the daytime café and coffee trade
Enhancing digital marketing and online booking systems
The current operation significantly under-trades the capacity of the venue, providing a clear pathway for revenue growth.
REASON FOR SALE
The owners are now looking to pursue other opportunities and are offering the business for sale as a going concern.
TENURE & TERMS
Tenure: Leasehold
Lease: Assignment of existing lease (circa 6 years remaining)
Rent: Low fixed rent secured for the next 3 years
Stock: Additional at valuation
Handover: Full handover and support available
SUMMARY
Boheme represents a rare opportunity to acquire a recently rebranded, high-quality hospitality venue with:
Strong existing income from limited trading
Premium fit-out and distinctive riverside setting
Established reputation and loyal customer base
Proven demand for private events
Significant scope for growth and expansion
Attractive and realistic asking price
This is an ideal acquisition for an owner-operator or experienced hospitality buyer seeking a stylish venue with immediate upside.
VIEWING ARRANGEMENTS
All enquiries and viewings are strictly confidential and by appointment only through Goodwins Business Brokers.
To request further information or arrange a viewing, please contact:
BUSINESS REFERENCE: GO2543
OIRO £85,000 + STOCK AT VALUATION
OVERVIEW
An outstanding opportunity to acquire a fully refurbished, design-led cocktail bar and event venue, trading as Boheme, positioned within the heart of Market Harborough.
Previously operating as Fifty Eight, the business has recently undergone a full rebrand and repositioning, transforming it into a more premium, experience-led concept aligned with modern hospitality trends. The rebrand has enhanced both the visual identity and customer offering, creating a more refined and aspirational venue with strong appeal across a broad demographic.
The business is already generating consistent income from a highly restricted trading pattern, demonstrating strong underlying demand. With the infrastructure, branding, and reputation already in place, Boheme presents a genuine turnkey opportunity with immediate scope for growth and scalability.
LOCATION
Boheme occupies a prominent position on St Mary's Road, just moments from Market Harborough's main high street.
Market Harborough is widely regarded as one of Leicestershire's most desirable market towns, benefiting from an affluent local population, excellent transport links, and a thriving independent retail and hospitality scene. The town attracts a steady flow of both local trade and visitors, particularly during weekends and seasonal events.
The business benefits from a highly attractive riverside setting, which significantly enhances its appeal. This feature not only provides a unique customer experience but also acts as a key driver for private hire bookings and seasonal trade, particularly during spring and summer months.
BUSINESS OVERVIEW
Trading Name: Boheme
Previous Trading Name: Fifty Eight
Established: 2019 (recently rebranded and repositioned)
Tenure: Leasehold (assignment available)
Lease: Approximately 6 years remaining
Rent: Favourable fixed rent secured for the next 3 years
Premises: Fully refurbished with high-quality fit-out and riverside terrace
The business has been carefully developed and enhanced through its recent rebrand, with particular attention given to branding, interior design, and customer experience.
It is now positioned as a premium casual venue, capable of delivering strong margins through a drinks-led model supported by complementary food and event revenue.
CONCEPT & OPERATING MODEL
Boheme operates as a multi-use hospitality venue, combining cocktail bar, lounge, and private event space within a flexible and highly adaptable format.
The concept is built around creating a relaxed yet high-quality social environment, with a focus on atmosphere, presentation, and customer experience.
Revenue Streams:
Cocktail Bar: High-margin signature cocktails, premium spirits, wines, and curated drinks menus
Food Offering: Light plates and nibbles designed to enhance dwell time and spend per head
Coffee & Day Trade: Artisan coffee and casual daytime offering (currently underutilised)
Private Hire & Events: A significant and proven income stream, including birthdays, corporate events, and exclusive venue hire
Private events represent a particularly strong element of the business, with the venue regularly securing bookings and often operating at full capacity during trading sessions.
TRADING PROFILE & FINANCIAL PERFORMANCE
The business is currently operated on a deliberately limited basis:
Average Monthly Turnover: c. £13,000
Current Opening: Approximately 2 days per week
Annualised Turnover (current model): c. £150,000+
This level of income is being generated with:
Minimal opening hours
Limited staffing requirements
Very little structured marketing
This highlights the strength of demand and efficiency of the operating model, while also clearly demonstrating the opportunity to increase revenues through expanded trading.
A more typical hospitality operation (5-6 days per week, including daytime trade) would be expected to materially increase turnover and profitability.
PREMISES & FIT OUT
The premises have undergone significant refurbishment and are presented to an excellent standard throughout.
The venue has been carefully designed to create a modern, stylish, and welcoming environment that aligns with the Boheme brand.
Key Features Include:
Professionally designed cocktail bar with full back-bar installation
Fully fitted commercial kitchen with quality appliances
Contemporary interior with high-quality fixtures, fittings, and décor
Flexible layout suitable for both casual trade and private events
Riverside terrace providing additional seating and strong seasonal appeal
The business is offered in genuine turnkey condition, allowing a new owner to continue trading immediately without further investment.
MARKETING & CUSTOMER BASE
The business benefits from an established and loyal customer base, built through:
Strong word-of-mouth reputation
Repeat custom
Local brand recognition (both as Fifty Eight and now Boheme)
Private hire demand is particularly strong and has been achieved without a structured marketing strategy.
There is clear scope to further enhance visibility and drive growth through:
Consistent social media activity and paid campaigns
A dedicated website with integrated booking functionality
Corporate partnerships and event promotion
Online reservation and pre-order systems
GROWTH & DEVELOPMENT OPPORTUNITIES
The business offers significant and immediate opportunities for expansion, including:
Extending opening days and trading hours
Introducing a structured food offering (brunch, lunch, evening dining)
Expanding private hire and corporate event bookings
Introducing themed nights, live music, and ticketed events
Developing the daytime café and coffee trade
Enhancing digital marketing and online booking systems
The current operation significantly under-trades the capacity of the venue, providing a clear pathway for revenue growth.
REASON FOR SALE
The owners are now looking to pursue other opportunities and are offering the business for sale as a going concern.
TENURE & TERMS
Tenure: Leasehold
Lease: Assignment of existing lease (circa 6 years remaining)
Rent: Low fixed rent secured for the next 3 years
Stock: Additional at valuation
Handover: Full handover and support available
SUMMARY
Boheme represents a rare opportunity to acquire a recently rebranded, high-quality hospitality venue with:
Strong existing income from limited trading
Premium fit-out and distinctive riverside setting
Established reputation and loyal customer base
Proven demand for private events
Significant scope for growth and expansion
Attractive and realistic asking price
This is an ideal acquisition for an owner-operator or experienced hospitality buyer seeking a stylish venue with immediate upside.
VIEWING ARRANGEMENTS
All enquiries and viewings are strictly confidential and by appointment only through Goodwins Business Brokers.
To request further information or arrange a viewing, please contact:
Energy Performance Certificates
EPCSt. Marys Road, Market Harborough, Leicestershire, LE16
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Market Harborough Station0.4 miles
Notes
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Disclaimer - Property reference GO2543. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Goodwins Business Brokers Ltd, Covering - Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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