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EM & F are delighted to present a fantastic opportunity to acquire a superbly located city centre restaurant which not only benefits from a very favourable rent but we understand that no business rates are payable either! This represents an excellent low cost opportunity for someone to come in and continue to run the business as it is existing or more likely to create their own restaurant with the cuisine and styling of their own choosing.
It is very rare for a restaurant in the city centre with such low overheads to come onto the market and as such we would urge you to contact us today to express your interest in this as we doubt it will remain available for long.
The business itself
Situated in the pedestrianised section of the city centre opposite Debenhams with the likes of Top Shop, M&S and the new Primark store all within a few yards the business is ideally situated to attract the thousands of people that walk past daily.
Currently operated as a Thai cuisine restaurant and takeaway, the business has a good following in the area and particularly with the UEA who they supply to as well as providing job opportunities to their students. The restaurant though would lend itself to various types of cuisines, whether that be other Asian and Far East cooking or perhaps a Tapas, Steak or Vegan offering.
The restaurant is run by the owners with the assistance of one part time staff member and occasional casual staff as and when required. Turnover is below the vat threshold and overheads are kept low, all of which provides a great starting point for someone new coming in and gives ample scope to grow the business in any way that is wished.
all measurements are approximate and for guidance only.
The business is situated on the 1st and 2nd floors of the building with its own entrance at ground level leading up to the restaurant. Whilst there is no ground level space one should consider the many other excellent restaurants and bars that occupy first floor and above premises in the city centre. Far from being a hindrance this can help to provide a sense of exclusivity and intrigue and with the right approach and delivery these types of premises can be hugely successful.
Upon reaching the first floor you will find a welcoming area/reception hall off which is the restaurant, kitchen and stairs leading to the second floor. A drinks fridge and under stairs cupboards can also be found here.
The restaurant is to the front of the building with windows overlooking the busy street below. Set for 32 covers and traditionally decorated there is a nice feeling of warmth to the room which can provide an intimate but atmospheric setting for dinner. The restaurant also benefits from having a bar area (an is fully licensed) to one end with shelving, fridge/freezer, as well as an ordering and payment point.
The kitchen provides a range of s/s worksurfaces for food preparation, an array of shelving and a double sink, single sink and hand wash basin. Included is a fridge, freezer, further fridge/freezer, dishwasher, microwaves and associated kitchen utensils. For cooking there is a 5 ring gas wok burner and fryers with full extraction unit above. We also understand that the owners have a commercial oven as well which can be swapped with the wok burner if required.
Following the stairs to the 2nd floor you will find separate male and female toilets and an additional room currently used for storage.
All in all the premises provide very useable areas to make a success of a restaurant business particularly when considering the low overheads that this business benefits from.
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