Restaurants for sale in Great Yarmouth

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Very popular licenced Restaurant/Bistro business with 4 bed accomodation, for sale due to retirement.

Great Yarmouth, Norfolk, England

  • Leasehold Price: £49,995  Price Reduced arrow_drop_down
Seller Reference: PAX0113901795
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Business Description
 
 
 
 
 
 
 
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Seller Reference: PAX0113901795
Request Details
Business Description
The time has come to sell the lease on our Restaurant. It is a busy 60 seat fully licensed restaurant (currently laid out for 45 seats), located on one of the busiest (in summer) pedestrian thoroughfares in Norfolk. Just 200 meters from the beach in Great Yarmouth. The well equipped kitchen is a good size with a lot of the equipment less than 4 years old. Regular local clientele sees the business through the quieter winter months and in the season the restaurant is very busy with returning as well as new holidaymakers. We have 5* hygiene, great 5* reviews online with both Google and Trip Advisor and consistently awarded Trip Advisor certificates of excellence including this year.
Turnover and profits are good even just opening 2hrs lunch and 3hrs evening (due to ill health) as we have been doing for the last 2 years. Rent is very low for the size and location of property.
Out of season the business can be run by just 2 people with the current menu, one in the kitchen and one front of house, so suits husband/wife team or partnership.
There is a 4 bed apartment on 2 floors above the restaurant, a garage and rear yard plus a good size dry wine/storage cellar.
The Business was valued at £120,000, reduced to sell quickly at just £49,995 + SAV
The Lease is a 5 year cycle renewable lease with an option to purchase the freehold built in.
Rent for the whole property is just £12,000 PA qualifies for 100% business rate relief so no rates payable for sole business. Accommodation band A on council tax.
Reluctantly for sale due to early retirement/ill health.
Accounts are available to view for genuine prospective buyers.
Viewing by appointment only.
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
4
Support and Training:
We would be prepared to work closely with new owners for a period of time to train chef/staff if required. Current staffing is seasonal/part time.
Location Details:
Superb location on main pedestrian thoroughfare between the sea front and town. reduced for quick sale.
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