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Flourishing Specialty Coffee Store in Heart of Cromer, Norfolk Up for Sale

Cromer, Norfolk

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    26/02/24

  • Advert ID

    607354

  • Leasehold: Price on Application
  • Rent: £16,200
  • Turnover: £160,000 (£3,077 Per week)
  • Net Profit: On request

Key Features

  • Prime Location
  • High Turnover
  • Company for Sale
  • Close to Local Amenities
  • Owner Financed
  • Attractive Business
  • Adjacent to Multiple Retailers
  • Town Centre location
  • Unique Business
  • Established Business
  • Accounts Available
  • Small Business
  • Offers Invited

Business Details

Specialty coffee store for sale on North Norfolk High Street

A Rare Opportunity to own an already flourishing Specialty Coffee cafe

Established in 2017, our beloved coffee shop has quickly become a cornerstone in the heart of Cromer, garnering a loyal local following alongside a seasonal influx of specialty coffee enthusiasts. Situated in a prime central location and with ample seating inside and out. 

Why Our Coffee Shop?

  • Prime Central Location: We're in very Central Cromer with a large, well trafficked location.
  • Exceptional Specialty Coffee: Our reputation cast a wide net, with regulars keeping us busy in the quiet months and the holiday makers coming in during the high season season. We've had a preence on the coast since 2012 and have built an extremely loyal following.
  • Strong Community Ties: We've fostered a vibrant community centered around the love of coffee and our space. We have events in the store weekly, including a comedy club, film night, and book clubs. All organised by locals and using our space.
  • Profitable Business Model: Our coffee shop operates profitably, with or without the owner's presence, offering a flexible opportunity for either an owner-operator or an investor looking to step into a smoothly running operation.
  • Favorable Lease Terms: With 4 years remaining on our lease and a recent rent review, the business is positioned for continued success and growth. The owner is a pension scheme and welcomes extending the lease. 

Why we're selling?

  • I've began working abroad and now only come back to the UK every few months. We've operated for the past 2 years like this, but as I'm now taking on more work over here life is getting more complicated! Therefore, we've decided to sell the store and move on.

Investment Highlights:

  • Turnkey business in an enviable central location
  • Strong brand with a dedicated following
  • High-quality product offering with a focus on specialty coffee and cakes
  • Profitable operation, viable with varying levels of owner involvement
  • Supportive and skilled team in place
  • Secure lease agreement, offering stability and peace of mind

Your Next Chapter Awaits!

All enquiries are most welcome and I'd be happy to share more. 

Read more

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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