Prominently Located Freehold Licensed Cafe With Accommodation | | Undisclosed Norfolk | | FREEHOLD PROMINENTLY LOCATED LICENSED CAFE WITH ACCOMMODATION Superbly located in coastal resort nr 7 holiday parks 78 covers, separate ice cream sales counter 3 bed living accommodation A/T: Circa £101,000 NP circa £28,600 (open 7 months) Excellent scope to expand STPP F/H: £359,000 +SAV REF: 9975NR | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60505
ADVERT IMPRESSIONS : 21,271 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | FREEHOLD: | £359,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Delightful trading position in small coastal resort on the edge of the Norfolk Broads
Unrestricted street parking within the immediate vicinity
Close to 7 holiday parks ensuring constant influx of visitors
Plenty of passing trade for ice cream sales
HISTORY
Established as a cafι 28 years ago and run as a successful business since
A very well known name and landmark with locals and visitors
Acquired by vendor 6 years ago
Significant improvements made with expenditure on many items of equipment
Good mixed client base established generating takings of £3,400 per week and gross profit margin of 73% over the season
REASON FOR SALE
Retirement and re-location
PRODUCTS
Strong breakfast trade
Focus on traditional English cuisine
Sandwiches and baguettes
Pies
Burgers
Salads
Paninis
Jacket potatoes
Lunchtime specials
Evening meals
Sunday lunches
Ice creams for consumption on and off the premises
Full range of alcoholic and non-alcoholic beverages
CUSTOMERS
High level of passing trade
Particularly popular with visiting tourists many of whom stay in the adjacent caravan parks
Locals and day visitors
Special deals offered for senior citizens
Meeting place for business and social occasions
Middle to lower income demographic
SUPPLIERS
Products sourced both locally and through various trade outlets
STAFF
Vendors (husband and wife team)
4 part time assistants
TRADING HOURS
Seasonal opening from April until October
9am to 6pm (occasionally 7.30pm) all week
Closed during the winter
FINANCIALS
Turnover
2010 £101,814
2009 £113,958
2010 Gross profit margin 73%
Net profit £28,626
OVERHEADS
Staff £26,051 pa
Gas/Electric £5,775 pa
TENURE
Freehold
PREMISES
Prominently sited freehold cafι with 38 interior and 30 exterior covers, spacious 3 bedroom owners accommodation and ancillary buildings
Cafι
Kitchen/preparation area fully equipped to modern commercial standards with
o 4 burner hob
o Deep fat fryer
o Griddle
o Sundry equipment
Ladies and gentlemens WCs
38 interior covers with pleasing dιcor throughout
Fully air conditioned throughout
Exterior
30 covers to front of restaurant
Laundry room with washing machines
Dry store
Garage
Walk in refrigerator/freezer
Ice cream parlour with sales counter to pavement
Owners Accommodation
Lounge
Private kitchen
Cloakroom
Office
Master double bedroom with sea view
2 further double bedrooms
Family bathroom
Excellently maintained throughout
STRENGTHS
Excellent location in wonderful tourist area on the edge of the Norfolk Broads
High level of footfall
Adjacent to 7 busy caravan sites
Consistently profitable with predictable weekly takings
All fixtures and fittings included within consideration price
5 Star food hygiene safety award
Offers the potential for a superb quality of life
SCOPE
Outside catering
Sandwich rounds
Business development activities have been very limited to date
Introduction of website
Planning permission held external preparation area
Variation of menu with introduction of additional dishes
Activity during the winter months
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9975NR / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
