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LONG ESTABLISHED CAFÉ NORWICH CITY CENTRE ETS Corporate are pleased to place on the market this long

Norwich, Norfolk
Leasehold Price:
£44,995
Status
FOR SALE
Advert ID
251513
Reference
13398 / Rightbiz

Location

This café for sale is situated in King Street, Norwich, NR1 1QE. It is close to the Riverside development, in the city centre. The football ground, and music venues all lie close by.

 

Business Details

This long-established café for sale in Norwich was purchased by the present Owner in March 2018 as part of a career change. The Owner wishes to sell to move back into his initial career.

 

Popular products include

  • Coffees
  • Teas
  • Full English breakfast
  • Bacon Rolls
  • Paninis
  • Sandwiches

 

The business has a full epos system, and marketing involves Instagram, flyers, and a loyalty scheme.

 

It is operated by the Owner with the help of a full-time chef (7 am – 2 pm daily) and one front of house waitress who works 20 hours per week including Saturday.

 

The unique selling points of the business are:

 

  • Close to Riverside Development
  • City centre location
  • Close to football ground and music venues
  • Large new development under construction
  • Business would ideally suit Owner operator
  • 5-star hygiene rating
  • 23 covers
  • Majority of business is repeat business

 

What opportunities are there for the business?

 

  • There will be natural organic growth with the large new residential development.
  • More social media offers and marketing to local housing authorities and charities and other locally based businesses.
  • Could extend opening hours to include evenings

 

The Owner is happy to co-operate fully for any training or handover period.

 

Trading Hours

Monday         7.30am - 4pm

Tuesday        7.30am - 4pm

Wednesday   7.30am - 4pm

Thursday       7.30am - 4pm

Friday            7.30am - 4pm

Saturday       9.30 am - 3pm

Sunday         Closed

 

Financial Details

The turnover for the first trading year ended 31st March 2019 was £41,964. The recent turnover has doubled so this year’s turnover is expected to be £90,000.

 

Property

There is seating inside for 19 people and 4 people outside and customer toilets available. There is a full video of the premises available at

https://youtu.be/0d8_cUJHktA

 

Tenure                                                       

There are 4.5 years left of a renewable 15-year lease. The deposit paid was £4,000 plus vat. The rent is £7,920 pa inclusive of vat.

 

 

Ref:    13398

Price: £44,995

 

 

 

Disclaimer

These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.

Listing Details
Leasehold Price: £44,995
Tenure: Leasehold
Location: Norwich, Norfolk
Sector: Sandwich Shops, Tea Rooms, Cafes
Key Features
  • Adjacent to Multiple Retailers
  • Established Business
  • Prime Location
  • High Turnover
  • Accounts Available
  • Small Business
  • Fully Fitted
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 13398 / Rightbiz
Video
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