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Busy Town Centre Coffee Shop/restaurant - Norfolk for Sale

King's Lynn, Norfolk

Leasehold : 125,000
Turnover : 5,769 p.w.

This exceptional coffee shop & restaurant is located in the bustling town of Kings Lynn. The business has a very long standing trading history and is well known throughout the area. Kings Lynn is an ideal business and residential town which offers a high amount of growth potential. There is fine housing, good schools and NHS services, excellent shopping facilities, international airports and consistent development and growth. The town and surrounding area has strong road links and can be accessed via the A47 and A10 trunk roads.

BUSY TOWN CENTRE COFFEE SHOP/RESTAURANT - NORFOLK
Advised annual turnover of 300,000 with good GP
Early viewing & interest is highly recommended
Well established and highly regarded business
Genuine reason for sale due to retirement
High amount of regular & repeat trade
Scope for further development
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this superb town centre coffee shop which was established by our clients in 1983. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since the business was established they have invested time and money in the business and premises to the point where it is in full walk in condition. They have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that annual turnover currently runs at 300,000 which is derived from offering a popular hot & cold food menu along with a range of delightful coffees/hot bevrages. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Trading Hours: Monday: 8:00am - 6:00pm
Tuesday: 8:00am - 6:00pm
Wednesday: 8:00am - 6:00pm
Thursday: 8:00am - 6:00pm
Friday: 8:00am - 6:00pm
Saturday: 8:00am - 6:00pm
Sunday: 9:00am - 5:00pm
 
Accommodation: Well presented glass fronted property, breifly comprising:

GROUND FLOOR
Secure entrance leading to

Large open plan seating area
Ample dining tables and chairs for approximately 100 covers
Serving/payment counter with cash register
Behind counter drinks preparation area
Rear fully fitted and equipped catering kitchen
Preparation area
Wash area
Storage room

FIRST FLOOR
Ladies and gents toilet facilities
Staff room
2x store rooms
Office

EXTERNAL
Outside covers for approximately 15 covers
Rear serviced yard with bin storage
 
Tenure: Leasehold
Original length: 6 years
Remaining: Until 2016
Review: 3 years
Rent: 39,000pa
New 6 year lease can be negotiated
 
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483 Advert ID 38650    Sellers Ref : 3220/BSOL

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