Norfolk 88 Cover Restaurant With Spacious Owners Accommodation For Sale

Business description

HISTORY

• Originally a Victorian rectory dating from 1864
• Converted to a restaurant at around the time of the War
• Owned within the family over 60 years
• Loyal and repeat customer base drawn from the local community and visitors to the town
• On going maintenance programme covering public areas and owners’ accommodation
• Former cottage now converted to a holiday let

REASON FOR SALE

• Retirement

SERVICES

• A traditional seaside family restaurant offering a wide range of food and drink
o Traditional starters
o Main meals including fish and chip specials
o Salads
o Sunday roasts
o Children’s meals
o Sandwiches
o Sweets
o Cakes and pastries
o Non alcoholic beverages
• Restaurant often caters for functions of all types, including, anniversaries and other social/businesses events
• Focus on traditional English cuisine

CUSTOMERS

• Holiday makers and daily visitors
• Popular with townsfolk and locals
• Restaurant attracts a loyal following at weekends
• Traditional family market
• Popular with senior citizens

STRENGTHS

• Located in the very heart of the town
• Loyal repeat customer base of locals and visitors
• Broad based income stream from restaurant sales, take-away sales and holiday let
• Restaurant décor is traditional and tasteful
• Loyal staff with very low turnover
• On going development within the town is considerable









DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Freehold

Living accommodation:

• Spacious owners’ accommodation on 2 floors o Lounge with wonderful sea views o 3 double bedrooms o Family bathroom o Private kitchen o 2 further double bedrooms on the second floor

Location:

• Prominent and highly visible central position in delightful coastal resort
• A very well known landmark with sea views and a position overlooking a green
• Thriving area with considerable growth planned
• Ideally positioned to attract townspeople, business travellers and tourists

Premises details:

• A traditional detached Victorian house, now a restaurant and owners’ accommodation comprising briefly:
• 88 cover restaurant
• Additional forecourt seating of 30
• Fully equipped commercial kitchen with fish and chip range
• Ground floor preparation room
• Storage room
• Freezer
• External store
• External vegetable store
• Walk in freezer
• Spacious owners’ accommodation on 2 floors
o Lounge with wonderful sea views
o 3 double bedrooms
o Family bathroom
o Private kitchen
o 2 further double bedrooms on the second floor
• 2 bedroom cottage with private facilities

Business Operation

Expansion potential:

• Excellent opportunity to sympathetically refurbish and upgrade the existing infrastructure.
• Extend opening hours to evenings
• Winter opening
• Opportunity to focus closely on cost
• Business development activities are extremely limited at present
• Scope to increase food sales considerably throughout the hotel

Reasons for selling:

• Retirement

Trading hours:

• Weekdays 10.30am to 7pm during 9 months of the year
• Weekends only during the winter months

Employees:

• Managed on a day to day basis by the vendor and his wife

Other information

Related documents:

• 
• Sales particulars

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• EPC