Attractive & Superbly fitted Restaurant in Great Yarmouth For Sale

Sought after position, close to sea front NORFOLK GREAT YARMOUTH

Turnover £ 11,000
Price £750,000

Features

Most Attractive & Superbly Fitted Licensed Restaurant The Current Owners Have Successfully Applied For Planning Permission To Transform The Entire Site Into 11 Apartments and 2 Semi-detached Houses

CAR PARK FOR 23 CARS (very secure undercover. 16 cameras, laser beams)

The Restaurant has been trading for over 16 years and averages 5 stars across over 800 reviews on Trip Advisor. High renowned and well respected in the area. The current owners have dedicated a huge amount of time, effort and care into making this one of Great Yarmouths most attractive venues for dinner, cocktails and a range of private functions.

Full Gas Fired Central Heating plus underfloor heating

Ground floor main entrance to entrance hall with open staircase to first floor. Underfloor central heating. Ground floor marble tiled floor. Large RECEPTION BAR/COCKTAIL LOUNGE with attractive marble tiled floor. Sofas, armchairs plus bar stools providing seating for 36 persons. Attractive brickwork to walls. Quality granite bar, 2 double door glass fronted counter fridges, glasswasher, ice machine, deep freeze plus additional bar with double door glass fronted counter fridge, double sink.

2 Large Store Rooms

Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
In addition there is a fully tiled disabled cloakroom with w.c. and wash hand basin plus additional fully tiled cloakroom with w.c. and wash hand basin

First floor IMPRESSIVE & SPACIOUS RESTAURANT with exposed brickwork, exposed rafters, quality varnished wooden floor, 3 chandeliers, wall lighting. Bar. Tables and chairs providing seating for 50 persons. Attractive wooden bar with 2 double door glass fronted counter fridges, ice machine, glasswasher, sink.

Open plan kitchen with non-slip floor, stainless steel equipment including 4-door stainless steel counter fridge, stainless steel hot cupboard for plates, stainless steel extractor, stainless steel cladding to walls, large double Lincat deep fryer, large Lincat charcoal grill, 6-burner gas cooker with double oven, upright stainless steel fridge, upright stainless steel steel deep freeze, commercial microwave oven, Lincat steam oven, commercial dishwasher, sink and drainer, stainless steel shute unit for rubbish to ground floor.

Turnover

WE ARE INFORMED the turnover averages £11,000 p.w. in our opinion offering tremendous potential for further increase in the right hands & especially with additional opening hours.

Staff

The restaurant is at present operated by a lady vendor with in the kitchen area 2 chefs plus 1 kitchen porter. Whilst in the restaurant area there is 1 barman, 8 waiters & 2 waitresses.

Trading Hours

Only 3 evenings per week
Currently open from Thursday night to Saturday night so there is huge scope for the new owner to increase opening times in order to maximise revenue.
Trading hours are currently between 6 p.m. & 1 a.m. so providing a lunch service would also be another option potential to new owners.

Outside

Large car park for 23 cars

Planning permission to demolish the garage to redevelop at rear & build 7 flats & 2 houses. Also consent to recevelop the exisisting restaurant & converting into 4 flats.

Tenure

Uniform Business Rates: £4,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £750,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 525,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote