Licensed Courtyard Cafe For Sale In North Norfolk Tourist Town (new Price) | | Undisclosed Norfolk | | Thriving, licensed cafe enjoying a prime courtyard setting in a popular North Norfolk tourist town. 48 Covers inside with a further 63 in the courtyard, high turnover on daytime trade only, offering scope for growth. | | ADVERT NUMBER : 13677
ADVERT IMPRESSIONS : 52,492 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £80000 + SAV | ANNUAL RENT: | £18890 | | | | | BUSINESS DETAILS: | LOCATION
The business is ideally situated in a courtyard shopping precinct that links one of the town’s car parks and the high street of this popular North Norfolk market town. Located just five miles from the beautiful North Norfolk coast, this vibrant town attracts year-round visitors.
BUSINESS HISTORY
SBS Commercial is pleased to offer for sale this thriving licensed café which our client is placing on the market in order to concentrate on other business interests.
The business was founded in 1995 and has a loyal customer base which is boosted by the many tourists and day trippers who visit the town and surrounding area.
Day to day management of the café is carried out by the Vendor with the assistance of three full time workers and several Saturday girls as required.
Their varied menu consists of all day breakfasts; snacks; main meals; children’s meals; desserts; snacks and pastries together with a wide range of coffees and teas. They also have a premises licence and serve a range of wines and beers to complement their main meals.
The café has internal seating for 48 which is split over two floors, the upper one is of a mezzanine style with views to the main courtyard area, where there is space for a further 63 covers.
The current owners run the café on daytime trade only so there is scope to increase turnover through the introduction of evening opening for theme evenings etc. We are advised that theme evenings have been held successfully by previous owners.
This is a well known, profitable café in an excellent location early viewing is highly recommended.
FINANCIAL DETAILS
T/O: £187,000 (approx.)
G.P: 70% (approx)
OPENING HOURS:
Mon – Sat: 8.45am – 5.00pm
Sun: 8.45am – 3.30pm
PROPERTY DETAILS
Leasehold premises briefly comprising:
Ground floor
• 20 cover seating area.
• Serving counter with till.
• Smoothie drinks machine.
• Coffee machine.
• Display cabinet with storage cupboard.
• Cake chiller.
• 3 x fridges.
• Microwave.
• Water boiler.
Doorway to kitchen complete with:
• 6 Ring gas cooker.
• Grill.
• 2 x Large fridges.
• 1 x Standard fridge
• 2 x Freezers.
• 3 x Microwaves.
• Double fryer with stand.
• Dishwasher.
• Toaster.
• Saladette.
• Stainless steel prep tables/sinks etc.
Stairs to first floor
• 28 cover seating area.
• Ladies & gents toilets.
• Storage area with 2 x freezers, hot water boiler, fridge freezer, bain-marie, filter coffee machine and washing machine.
External
• 63 cover seating area including table parasols.
• 2 x Space heaters.
.
TENURE: Leasehold.
ORIGINAL LENGTH: 12 years.
REMAINING: 9 years.
REVIEW: Every 3 years.
RENT: £18,890 per annum.
BUSINESS RATES: £4,868 per annum. | | | | | | UNDER OFFER | | | | | | | | | | | |
