Wild Olive specialises in Italian and Mediterranean cuisine and combines high quality ingredients with traditional cooking methods. The restaurant caters for 60 customers, with additional outdoor seating for a further 20 al fresco diners, and benefits from an authentic wood-fired pizza oven that services both the restaurant and the business’ takeaway trade.
Above the restaurant there is a self-contained two bedroom duplex flat that could be utilised as owner’s accommodation by potential purchasers.
The restaurant has been owned by Nicholas and Rachel Putman for the past 10 years, and they are now seeking a sale in order to concentrate on their holiday park business. Nick comments, “We have loved our time at Wild Olive, and it has made us a great living, but it is time to move on.”
Keith Stringer, Director at Christie & Co is handling the sale and comments, “The reduced asking price will undoubtedly make Wild Olive more attractive to an owner operator looking for a business in a tranquil and picturesque part of the western Lake District. The business is currently run under management, giving the potential to reduce costs in order to increase profitability – a good proposition in light of the reduced asking price. There is also the possibility of further increasing revenue by extending the limited seasonal opening hours and further developing the takeaway pizza aspect of the business.”
Wild Olive is now on the market with a freehold asking price of £415,000.
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