Leisure/hospitality for sale in Reepham, Norfolk NR10, £59,950

59,950.00

Offer Nr.:
65261003
Type of ad:
for Sale
Property type:
Leisure/hospitality
Contact name:
Everett Masson & Furby
Phone(s):
01603 963504

* Leasehold
* Well Presented & Attractive Café
* 25 - 30 Covers + Some Outside Seating
* Popular Burger & Fish & Chip Nights
* Double Frontage on Busy Cross - Roads
* Very Well Regarded Locally
* Very Low Overheads
* Dine - in & Takeaway Service
* 2 Car Parking Spaces
* Rustic but Contemporary Charm
* Popular Town in North Norfolk
**Agents note**
This is a business for sale as a going concern, not an empty premises for sale
or let.
**Particulars**
We are thrilled to present an outstanding opportunity to acquire a highly
regarded and well - established café and takeaway, located in the bustling North
Norfolk town of Reepham.
With very low overheads providing the comfort of lower risk and exposure
within the business, it is an ideal first venture for a new owner, as well as
those more established operators.
There is scope to increase turnover further by extending the opening hours, as
the business has consent to operate until 10. 30pm, offering a whole host of
opportunities for a new owner.
Given that the property is presented in very good order with limited
competition locally, as well as having favourable lease terms, we expect this
to be of much interest and would recommend contacting us as soon as possible
to arrange a viewing.
**The business itself**
The business enjoys a strong trade in both dine - in customers and those taking
their lunches and coffees away. In addition, the burger and fish and chips
takeaway offering on a Wednesday and Friday night have proved very popular
with the local residents. This gives the business multiple ways of bringing in
turnover rather than just relying on eat - in diners like many cafés do.
A simple but tempting menu focusing on all - day breakfasts and sandwiches makes
this a straight forward operation, whilst providing the customers what they
like most. We would expect though, that a new owner may look to obtain an
alcohol licence to be able to further compliment the current offering.
Operated by the current owner with the assistance of one of four part - time
members of staff on any given day, means the labour demands of the business
are low.
**Premises** | all measurements are approximate and for guidance only.
The property is situated just off the main square with a double frontage on a
busy cross - roads, giving a good visible presence to help draw customers in.
With full height glazing to both facades and space for some outside seating,
it provides an attractive entrance through the main door.
Inside you will find the main dining room measuring 7. 56 x 3. 46m, with solid
wood flooring and a rustic but contemporary white and grey décor. There are a
selection of seating arrangements including window seats together with pine -
top tables on black metal stands, together with a range of display shelving,
spot lights and fan lights.
The service counter is set above a three - door drinks chiller with an Expobar
coffee machine, bean grinder and till on top with menu boards fixed to the
walls behind.
To one side are saloon style doors into the kitchen which is compact, but well
laid out to provide the space and equipment needed to run this type of
operation. Fitted with a range of stainless steel units, work surfaces and
shelving, as well as a good - sized commercial extraction unit. There are three
table top fryers, a griddle plate, four - ring electric hob, two Turbofan ovens
and two microwaves. You will also find a salad prep. Counter with two under -
counter fridges below and finally a stainless steel sink and drainer, hand
wash basin and dishwasher under. The walls are tiled and there is non - slip
vinyl flooring to help maintain cleanliness.
To the other side is a door to the customer toilet with baby changer station
included.
All in all the property is well presented and fitted out, and as such one
would expect that there would be little if any capital expenditure needed by a
new owner on acquiring the business. Given the above we would suggest that
this one deserves a closer inspection to fully appreciate what is on offer
here.
**Further information**
**reference number**
R35737E.
**Opening hours**
8: 30am to 3: 30pm Monday to Saturday, and Wednesday and Friday evenings from
5: 00pm to 8: 00pm.
**Tenure**
Leasehold. 10 year lease from October 2019.
**Rent payable**
£5, 400 per annum. 2 yearly rent reviews.
The purchaser will be responsible for the landlords costs and fees in
connection with the assignment of the lease.
**Rates payable**
Nil - The business currently enjoys the benefit of Small Business Rate Relief.
This information has been provided to us by the vendor and any interested
party is advised to enquire of the local authority to check the position with
regards to business rates that will apply to a new owner.
**EPC**
We understand that the property is listed and as such no Energy Performance
Certificate is required.
**Price**
£59, 950.
For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable
in addition on completion at valuation. This is a business for sale as a going
concern.
**Viewing**
Strictly by appointment only, please call us to make an appointment.
**Finance**
We may be able to help you with business financing or your commercial mortgage
needs, subject to eligibility. Please let us know if you need our assistance
with this and we will put you in touch with our recommended whole of market
broker.
**Business to sell?**
Thinking of selling your business? That's our business!
If you are interested in finding out how much your business is worth, we offer
a free and confidential valuation service. You can choose the time and day
that suits you best, and we will give you an honest and professional
assessment. Please contact our office at your convenience to book an
appointment.
**Premier marketing**
We are passionate about showcasing our businesses in a way that sets us apart
from others. We provide quality property details and comprehensive information
on all online platforms and our own website. If you want your business to
stand out from the crowd, call us to book a free valuation.
**1\. Money laundering regulations: ** Intending purchasers will be asked to
produce identification documentation at a later stage and we would ask for
your co - operation in order that there will be no delay in agreeing the sale.
**2\. General: ** While we endeavour to make our sales particulars fair,
accurate and reliable, they are only a general guide to the property and,
accordingly, if there is any point which is of particular importance to you,
please contact the office and we will be pleased to check the position for
you, especially if you are contemplating travelling some distance to view the
property.
**3\. Measurements: ** These approximate room sizes are only intended as
general guidance. You must verify the dimensions carefully before ordering
carpets or any built - in furniture.
**4\. Services: ** Please note we have not tested the services or any of the
equipment or appliances in this property, accordingly we strongly advise
prospective buyers to commission their own survey or service reports before
finalising their offer to purchase.

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