Superb Burger Bar With Planning For Retail Units | | Heacham Norfolk | | SUPERB BURGER BAR WITH PLANNING FOR RETAIL UNITS - NORFOLK Turnover £40,564 pa with huge growth potential 3 bed static caravan included in the sale | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62172
ADVERT IMPRESSIONS : 8,033 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | English Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £64950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | SUPERB BURGER BAR WITH PLANNING FOR RETAIL UNITS - NORFOLK
Turnover £40,564 pa with huge growth potential
3 bed static caravan included in the sale
Quality position with long council lease
Early viewing highly recommended
Planning in place for 4 retail units
Sea front location on large pitch
Scope for further development
LEASEHOLD
Location
This superb burger bar and business opportunity is located on the seafront, next to the main entrance of the beach. The burger bar enjoys a monopoly trade as the nearest food facility is located in the centre of the village. The business stands on a large plot with parking and seating close by. Heacham is a quaint seaside resort on the north Norfolk coastline renowned for the quality of its beaches. Heacham has strong road links to the nearby larger resort of Hunstanton and the market town of Kings Lynn, both towns can be accessed by the A149 trunk road.
Business History
Meridian Business Sales are delighted to be able to offer to the market this superb burger bar with planning in place to create 4 retail units with the possibility of residential use. The business has been in the careful hands of our clients since 2003 and they only now wish to put the business onto the market due to their need to relocate to Newcastle to look after ill parents. Since our clients took over the business they have fully refurbished the bar and introduced new and modern equipment. Our clients have continually developed and improved the business introducing new lines and income streams which has enhanced the business massively, showing in the year on year growth of the business. Our clients have successfully put in place planning consent to turn the burger bar into four retail units and possible living accommodation, this would enhance the current business by enabling them to expand the burger bar and café plus expand the sale of buckets and spades, inflatable boats and other beach toys or rent out two of the properties. The current turnover of the burger bar with its season running from March to October is £40,564 pa with a gross margin of 60%. The business enjoys a strong reputation with the local community and as such enjoys a high level of repeat trade. Early viewing on the business is highly recommended so as to see the development potential.
Financial Profile
Turnover: £40,564pa
Gross profit: 60%
Stock approximately: £1,500
Tenure
Leasehold
Original length: 10 years
Remaining: 4 years
Review: 3 years
Rent: £2,425pa
The current lease is for two positions. The other position has a 24 ft sweet kiosk on it at the moment. Any new purchaser who did not wish to put building up immediately would have the option to us another kiosk at this position. There is also a 21 year lease agreed in writing with the council once building commences.
Opening Hours
March - October
Monday: 8:30am - 8:00pm
Tuesday: 8:30am - 8:00pm Wednesday: 8:30am - 8:00pm
Thursday: 8:30am - 8:00pm
Friday: 8:30am - 8:00pm
Saturday: 8:30am - 8:00pm
Sunday: 8:30am - 8:00pm
Accommodation
Well presented and positioned burger bar with planning in place for four retail units.
GROUND FLOOR
1 x burger van with double opening front
2 x fridges
2 x ice cream freezers
1 x upright chest freezer
1 x pannini grill
1 x pancho grill
2 x deep fat fryers
1 x chip scuttle
2 x glass fronted drinks fridges
1 x microwave oven
Stainless steel napkin and cup holders
EXTERNAL
12 x wooden benches and tables
4 x coins operated sweet dispensers
Paved area for seating
Additional Information
Included with the business is a 3 bedroom static caravan, which is a 5 minute walk away. The gound rent is £3,000pa which is paid up until October 2010. | | | | | | FOR SALE | | | | | REFERENCE: | 2003 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
