FOR SALE
655788
TURNKEY RESTAURANT OPPORTUNITY – FULLY FITTED & READY TO TRADE
Rare opportunity to acquire a beautifully fitted, fully operational restaurant in Harleston, on the Suffolk/Norfolk border. A genuine turnkey restaurant opportunity, created from an empty shell and transformed into a distinctive destination restaurant, with more than £70,000 invested in the fit-out, equipment, and development of the premises.
The restaurant is available for lease assignment, offering a new operator the opportunity to step straight into a professionally designed and equipped restaurant without the substantial time, cost and disruption normally associated with opening from scratch.
THE OPPORTUNITY
ACCOMMODATION OPPORTUNITY
The property also benefits from four rooms of accommodation above the restaurant, providing an additional income opportunity or potential owner/manager accommodation. The accommodation is a varied mix of rooms and larger units, with kitchens or kitchenettes and en-suite bathrooms, including some units offering more than one bedroom.
The accommodation is available by separate negotiation, providing an incoming operator with the flexibility to acquire the restaurant premises alone or explore an additional accommodation opportunity alongside the restaurant.
AN ESTABLISHED DESTINATION RESTAURANT
This is much more than an empty restaurant unit with a kitchen. The site has been developed into a recognised dining destination, with significant time and investment put into building the brand, customer base and profile of the restaurant.
Through sustained marketing activity, the restaurant has attracted diners from across the wider region, with customers travelling from up to 30 miles away specifically to visit. An incoming operator therefore has the opportunity to take over a site that has already established itself as a destination, with an existing audience and proven ability to draw customers from well beyond the immediate town.
AN ATTRACTIVE SUFFOLK/NORFOLK LOCATION
Harleston is an attractive market town situated on the Suffolk/Norfolk border, surrounded by a strong network of villages and rural communities and within easy reach of Norwich, Diss, Bungay and the wider Suffolk and Norfolk countryside. The area benefits from a mix of local residents, surrounding rural communities, visitors and holidaymakers exploring the region, with the Norfolk and Suffolk coast and numerous popular visitor destinations within easy reach. This combination of local and destination trade makes the location particularly well suited to an independent restaurant, café, bar or hospitality concept looking to attract customers from a broad geographical catchment.
£70,000 INVESTMENT ALREADY MADE
The premises were originally taken on as an empty shell and have subsequently been transformed into a fully functioning restaurant. More than £70,000 has been invested in creating the finished operation, including the fit-out, kitchen, equipment, furniture, and other restaurant infrastructure.
For the right operator, this represents a significant saving in both capital expenditure and time compared with taking an empty commercial premises and starting from scratch. The opportunity allows a new operator to walk into a professionally fitted restaurant and begin trading immediately, without the lengthy design, planning, fit-out and installation process normally involved in creating a new hospitality venue.
TRADING HISTORY & POTENTIAL
The restaurant has generated approximately £140,000 annual turnover based on just 2.5 trading days per week. The current trading pattern also offers significant potential for an incoming operator to develop the business further, through additional opening days, daytime service, events, private dining, takeaway, or an entirely new concept.
Financial information can be made available to genuinely interested parties following an initial enquiry and, where appropriate, under confidentiality.
EVENT & PRIVATE HIRE POTENTIAL
The restaurant also offers significant potential as an events and private-hire venue. The space has already successfully hosted two events, demonstrating its suitability for private dining, celebrations, corporate events and other functions. This has not been a significant focus of the current marketing strategy, leaving an additional revenue stream for an incoming operator to develop.
With its attractive interior, approximately 50 covers, bar facilities and outdoor terrace, the venue could provide a particularly strong proposition for private parties, celebrations, weddings, corporate gatherings, tasting events, community events, and other special occasions.
WHAT'S INCLUDED
An experienced restaurant team is also available to continue with the business, subject to individual agreement. The team already knows the premises, systems and day-to-day operation, providing an incoming operator with the opportunity to retain an established team from day one. This could eliminate months of recruitment, training and team-building, significantly reducing the time, cost and disruption involved in assembling a new restaurant team and allowing a new operator to focus on developing the business from the outset.
ESTABLISHED SUPPLIER NETWORK
The incoming operator can also be introduced to the restaurant’s established network of wet and dry goods suppliers, many of whom already know the premises, location and operational requirements. These are trusted suppliers with whom the current owners have built working relationships, providing a new operator with the opportunity to maintain established supply arrangements from day one rather than having to source and establish new suppliers from scratch.
ADDITIONAL KITCHEN EQUIPMENT
A selection of premium commercial kitchen equipment is also available by separate negotiation, including:
This provides an incoming operator with the opportunity to acquire additional high-quality commercial catering equipment alongside the lease assignment, should it be required.
IDEAL FOR
This opportunity would suit:
TENURE
Leasehold – assignment of existing lease
Remaining lease term: approximately 4 years, with the opportunity to negotiate a longer lease term with the landlord.
Rent: £24,000 per annum
Excludes business rates and utilities.
The assignment will be subject to the landlord's consent and the terms of the existing lease.
PRICE
£75,000 LEASEHOLD PREMIUM – OFFERS INVITED
The premium reflects the significant investment already made in the premises, together with the fixtures, fittings, restaurant infrastructure, and established destination profile.
VIEWING IS HIGHLY RECOMMENDED.
Please note: all figures are approximate and prospective purchasers should make their own enquiries and satisfy themselves as to the accuracy of the information provided.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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