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
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 straightforward 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. Having recently been granted provisional A5 usage, this could also become a hot food takeaway able to open until 10:30pm.
PREMISES
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.
ACCOMMODATION
No accommodation included.
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ADDITIONAL INFORMATION
AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.
CONFIDENTIAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.
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.
The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.
RENT PAYABLE: £5,400 per annum. 2 yearly rent reviews.
RATES PAYABLE: Nil. We are advised that the business benefits from 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.
STAFF: 4 part-time staff at the time of listing.
EPC: We understand that the property is listed and as such no Energy Performance Certificate is required.
PRICE: £39,950 + STOCK AT VALUATION.
For the benefit of the leasehold, goodwill of the business, fixtures, fittings and 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 get in touch 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.
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DISCLAIMER
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, flooring 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.
