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Very Well Regarded
Scope to Extend Trading Hours
Popular North Norfolk Coast
Charming Internal Layout
Up to 34 Covers
Contact Us to Discuss Further
We are pleased to have been appointed to market this delightful North Norfolk Tearoom located in the popular and busy coastal town of Cromer. Traditionally styled but with a fresh feel this charming property and well run business is ideally set up to capture this particular segment of the cafe sector.
With the expected pent up demand from customers due to be set free soon and expected to continue for the foreseeable future with more UK based holidays and outings, this would appear to now be the ideal time to acquire this long established and well regarded business.
The business itself
The current vendor has successfully built up and run the business for the past 10 years and it is now only reluctantly coming onto the market for genuine reasons.
With a healthy turnover averaging in the region of £115k the business enjoys a good profit margin as one would expect with this type of offering. We feel though that there is scope to increase this further by extending the relatively short opening hours, particularly in the summer months. We also understand that the business closes for approximately 5 weeks a year which will also have a bearing on the turnover being achieved.
With its excellent reputation and following there is clearly a solid foundation on which the business can be further grown should a new owner so wish to do so.
All measurements are approximate and for guidance only.
The property is located in the High Street, a busy thoroughfare leading down towards the beach and is set behind a nicely presented, mainly glazed, facade leading into the front seating and service room.
It is irregular in shape with a mix of rooms which all add to the charm and character, and being tastefully decorated in yellow and creams giving a country cottage feel there is a real sense of warmth about the place.
There are two dining rooms, one to the front and then a further good sized room to the rear, which can accommodate around 34 covers depending on the layout of the tables. Both rooms are adorned with in keeping ornaments, pictures and motifs and the furniture and fittings are similarly styled.
The front service area provides for a range of stainless steel work counters, salad prep chiller unit, refrigerated display unit, sink, under counter fridge and a range of cupboards and shelving. There is a Stoves double oven with hob and extractor fan above, two microwaves, 2 toasters and 3 George Foreman grills.
Leading through into the rear kitchen is a drink preparation area with coffee machine and counter and shelving for cups etc and with a hand wash sink and further under-counter fridge. The rest of the kitchen provides space for preparation and washing up with a stainless steel counter and sink and dishwasher. Further storage is provided with a selection of cupboards and shelving. This is also a very useful pantry room off of the kitchen providing dry food storage.
Lastly there is a further rear room which provides access to the rear bin storage yard and serves as a staff and delivery entrance. This room is currently used for further storage with a range of racking, tall fridge, tall freezer and a chest freezer. There is also room for a small desk/office area.
Previously opening 6 days a week and being closed on a Wednesday. Operated 10:00 am to 3:00 pm in the winter months and 10:00 am to 4:30 pm in summer. In our opinion this offers a clear opportunity to extend the trading hours and increase the turnover currently achieved.
Leasehold. We understand that there is approximately 6 years left to run on the original 12 year lease entered into in Dec 2015.
The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.
We are advised that the business enjoys 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.
£8,250 per annum with rent reviews due every 3 years.
Strictly by appointment only, please call our Norwich Office to make an appointment.
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.
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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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