Ovation Bar on Gaol Street, Oakham, Comes to the Market
A standout hospitality gem is searching for its next custodian. Ovation, the stylish licensed bar and kitchen located in, Gaol Street, Oakham, has officially been placed on the market, offering a rare opportunity for aspiring entrepreneurs or seasoned operators alike.
Since first opening its doors in October 2021 by a husband-and-wife team Chris and Bianco, Ovation has carved out an enviable reputation. It has quickly evolved into a go-to destination for locals and tourists alike, celebrated for its vibrant yet comfortable atmosphere, exceptional customer service, and curated selection of quality drinks.
Oakham itself provides an ideal backdrop. As one of the East Midlands’ most attractive and affluent market towns, it boasts a thriving local economy and robust tourism, heavily supported by excellent road and rail networks connecting it effortlessly to Leicester, Peterborough, Stamford, and beyond.
Reflecting significant capital investment by the current owners, the premises feature:
Striking Glazed Frontage: Inviting and modern, immediately drawing the eye of foot traffic.
Contemporary Trading Area: A beautifully designed interior offering a sophisticated environment for both casual drinking and intimate dining.
Central Feature Bar: Fully fitted with commercial equipment to dispense an extensive menu of world wines, craft beers, signature cocktails, and champion spirits.
Commercial Kitchen: A high-spec, fully fitted kitchen space ready to support a robust culinary operation.
Additional Amenities: Well-maintained customer toilet facilities and an overall EPC Band C rating.
Currently trading with a steady weekly turnover of around £5,000 and operated by a compact, efficient team of part-time staff, Ovation runs on a solid foundation.
Presently, revenue sits at approximately 70% wet-led (drinks) and 30% dry-led (food). This breakdown signals an incredible upside for a new owner particularly a chef-proprietor looking to leverage the underutilised commercial kitchen and rapidly scale the food operation.
Further avenues for expansion include:
Extended Trading Hours: Capitalising on local demand by introducing Sunday trading.
Enhanced Dining Menus: Expanding beyond the current tapas-style or sharing formats to capture a broader sit-down dining crowd.
Event Hosting: Building further upon their popular tasting evenings, live music sessions, and community events.
Combining aesthetic excellence, a coveted central location in a booming market town, and clear pathways for revenue growth, Ovation on Gaol Street represents an exceptional lifestyle and business investment. For anyone looking to step into a thriving, beautifully appointed hospitality business with a ready-made loyal following, this Rutland hotspot hits all the right notes.
https://www.rightbiz.co.uk/buy_business/for_sale/656791_rutland.html
For more local news, community updates, and what's on in the area, visit: https://www.oakhamandrutlandnews.com/
Including Market Place, Market Street, Church Street, Crown Walk,
John Street, Melton Road and Deans Street and Gaol Street.
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