Restaurant/cafe for sale in Norwich, Norfolk NR2, £89,000

89,000.00

Offer Nr.:
62711750
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Everett Masson & Furby
Phone(s):
01603 963504

* Leasehold
* Prime Location in Norwich City Centre
* Suitable for Alternative Cuisines
* Attractive Grade II Listed Building
* Set Over 3 Floors
* Limited Competition Locally
* Currently Setup for 36 Covers
* Well Regarded by Customers
* 10 Year Lease (from April 2022)
* A3 Consent with Part A1
* 2022 Turnover in Excess of £400, 000 p. a
**Particulars**
emf are delighted to bring to market this popular and well - regarded Sushi and
Ramen restaurant and takeaway, which is situated in a prime city centre
location in Norwich. The premises are set over three floors and are presented
to an extremely high standard throughout and offers the opportunity for the
new owner to either continue and further grow the business, or alternatively
to relaunch with their own ideas and cuisines.
**The business itself**
The business was setup by the vendors approximately 5 years ago as a Japanese
Restaurant and has gone from strength to strength, earning many 5 star reviews
on Google Businesses and gaining quite a following on social media. Offering a
selection of delicious Japanese dishes, they are known for their freshly
prepared Sushi and Ramen and have recently relaunched their website to tie in
with the overall theme.
The ever increasing popularity of the business is reflected in the turnover,
which was in excess of £400, 000 for 2022, with the good level of profit which
a business of this type would be expected to enjoy.
With limited competition in the city for this style of cooking, the business
has many regular customers, over both lunchtime and in the evenings, as well
as with its takeaway offering, which we understand the Council have advised
the vendors they can provide as a supplemental service.
With very positive reviews on TripAdvisor and other review websites, it’s easy
to see why the business is so popular and does so well. It now only comes to
market reluctantly as the vendors are wishing to relocate outside of Norwich.
**Premises**
_all measurements are approximate and for guidance only. _
The business is situated in an ideal location in the city centre in St. Giles
Street, and is surrounded by other independent restaurants and businesses and
enjoys significant footfall past its front door.
The Grade II Listed building is packed with charm and character, providing a
quirky layout with feature sash windows, exposed timber beams and a warming
fireplace adding to the atmosphere inside.
On the ground floor you will find one of the dining areas, with quality
tables, chairs and benches, mood lighting and features connected to the
cuisine on offer. To the rear is the main kitchen which provides a range of
preparation and cooking areas and equipment, with full extraction installed. A
further pantry and storage area leads to the back door providing access to the
bin storage area and side access.
Moving upstairs, there is a second dining room with good natural light,
providing ample space for a further 20 covers. The customer and separate staff
toilets are located on this floor, as is a further storage room. In addition,
is a decent sized room which is currently used for drink preparation and
washing up, with sink, dishwasher, coffee machine, fridges, microwave and work
surfaces.
Lastly, the top floor provides two large additional rooms which are currently
used as a staff room and to provide further storage of goods, which have the
added benefit of A1 consent should a new owner wish to utilise this.
The premises benefit from air - conditioning on the ground floor, speakers to
play ambient music, C. C. T. V throughout, epos till system as well as a full
alcohol licence.
**Further information**
**reference number**
R34192E.
**Opening hours**
5: 30pm to 9: 30pm Monday. 12: 00pm to 2: 30pm and then 5: 30pm to 9: 30pm Tuesday
to Saturday.
**Tenure**
Leasehold - 10 year lease starting from 27th April 2022. We understand the
lease is within the Landlords and Tenants Act 1954.
Purchaser will be responsible for the landlords costs and fees in connection
with the assignment of/orgrant of new lease.
**Rent payable**
£19, 000 per annum.
**Rates payable**
£5, 122 per annum.
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**
‘D’ rating, certificate reference number .
**Price**
£89, 000.
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 our Norwich Office on to make an
appointment.
**Finance**
Finance may be available to suitable purchasers.
**Business to sell?**
Let us know as soon as possible! Just ask for a free no obligation valuation
and one of our valuers will carry out a detailed marketing appraisal of your
business at a time of your choice.
**Premier marketing**
We take care to present our businesses to a standard like no other. Offering
quality property particulars as well as detailed information on all of the
online portals and our own website, make your business stand out from the
crowd - call us today!
**Unhappy?**
Do you feel you are receiving the level of service promised by your agents? If
not, we would be happy to carry out a free no obligation marketing appraisal
of your business.
**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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