Restaurants for sale in King's Lynn

View the "BUSY TOWN CENTRE COFFEE SHOP/RESTAURANT - NORFOLK" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £125,000 Price Reduced
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Business Description
BUSY TOWN CENTRE COFFEE SHOP/RESTAURANT - NORFOLK
Advised annual turnover of £300,000 with good GP
Early viewing & interest is highly recommended
Well established and highly regarded business
Genuine reason for sale due to retirement
High amount of regular & repeat trade
Scope for further development
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this superb town centre coffee shop which was established by our clients in 1983. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since the business was established they have invested time and money in the business and premises to the point where it is in full walk in condition. They have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at £300,000 which is derived from offering a popular hot & cold food menu along with a range of delightful coffees/hot bevrages. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
Tenure: Leasehold

Leasehold Term:
Leasehold Original length: 6 years Remaining: Until 2016 Review: 3 years Rent: £39,000pa New 6 year lease can be negotiated

Listed by: Meridian Business Sales Limited

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