Licensed Restaurant in Norfolk For Sale

Situated in a parade, excellent main road trading position, close to City Centre, NORFOLK

Turnover £ 6,250
Price £60,000

Features

Licensed Restaurant

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,750 ft² with laminated strip floor, spot lights. Bar, drinks display undercounter fridge's, EPOS till. Tables and chairs providing seating for 65 People, CCTV system (6 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Tandoori oven, Cooker (Gas 5-burner), Cooker (Gas 6-burner), 2 x microwave, flat grill, 5 fridge, 2 freezer, dishwasher.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Stock room.

Basement in the region of 450 ft²

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 - £6,500 p.w. with a Gross profit of 65% approx. (£2,800 via portals)

Staff

The business is at present operated by the vendor as a chef with his son and 1 full time chef, 1 porter with the assistance of 2 part time waitress.

Trading Hours

6 Day week
TUESDAY - SUNDAY 1pm - 10.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £24,000 p.a.

Business Rates from April 2025 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote