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Family-run seafront restaurant for sale in Great Yarmouth, Norfolk

Great Yarmouth, Norfolk
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Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 1
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 2
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 3
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 4
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 5
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 6
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 7
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 8
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 9
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 10
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 11
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 12
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 13
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 14
Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk. Photo 15
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Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.Successful, family-run, seafront restaurant in Great Yarmouth, Norfolk.
  • Leasehold: £160,000 (Stock at valuation)
  • Rent: £20,000 (£1,667 per month)
  • Turnover: £310,000 (£5,962 per week)
  • Profit: On request

Business Details

Successful, family run, seafront restaurant in Great Yarmouth, Norfolk.

Paul Hubbard Commercial are pleased to present an opportunity to acquire a well established, highly popular and perfectly located restaurant business in Great Yarmouth, Norfolk.

Occupying a prime and highly prominent trading position directly on Great Yarmouth’s seafront, HMS Hinchinbrook represents an excellent opportunity to acquire a long-established and fully fitted licensed restaurant business in one of the East Coast’s best-known tourist destinations. 

 

Positioned on Marine Parade opposite the beach and promenade, the business benefits from substantial seasonal footfall, excellent visibility and a strong reputation with both locals and visitors alike.

The restaurant provides approximately 100 internal covers together with a further 32 external covers and is fully equipped with commercial kitchen facilities, bar area, customer seating and ancillary storage. 

The business trades successfully as a licensed restaurant and is offered for sale as a genuine going concern including goodwill, fixtures, fittings and equipment, providing an incoming purchaser with a turnkey opportunity.

The business currently operates on a seasonal basis between February and November and generates turnover in the region of £320,000–£330,000 per annum. There remains clear potential to increase profitability and further develop the business through extended opening periods, enhanced online presence, private functions, events and operational efficiencies. The current setup offers excellent scope for an owner-operator or experienced hospitality business looking to capitalise on the established trading position and strong seafront location.

The premises are held on leasehold terms by way of a 10 year lease from April 2021, with approximately 5 years remaining, at a passing rent understood to be £20,000 per annum. Further lease information is available upon request.

The property has established restaurant use and occupies a highly desirable leisure and hospitality location within Great Yarmouth, surrounded by a range of tourist attractions, hotels, bars and complementary operators.

Businesses of this nature and position rarely become available on the open market and early enquiries are therefore strongly encouraged.

*Please note all legal costs associated with purchasing the business are to be paid by the purchaser.*

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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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