Business for Sale in Norfolk Broads, Horning RIVERSIDE CAFÉ / BISTRO WITH FLAT & HOLIDAY LET – NORFOLK BROADS

Key Information

Reference

R35743E

Tenure

Leasehold

Status

For Sale

Region

Norfolk

Sector

Cafes

Rent Payable

Currently £30,475 per annum. As a new lease will be granted the rent amount will be agreed as part of the lease negotiations.

Business Rates

Currently no Business Rates are payable as the property benefits from Rate Relief.

Accommodation

Open plan kitchen, dining and study area, and a lounge with stunning views of the river. There is also a spacious double bedroom with an en-suite shower room.

Business Information

• Beautiful Setting on the River
• Well Supported by the Local Community
• Holiday Let with Strong Occupancy Rates
• Huge Scope to Develop Evening Trade
• 36 Covers Inside & 42 Outside
• Popular & Busy Tourist Location
• Owners Apartment or Possible Letting
• Very Well Presented
• Delightful Gardens
• Winner of Tripadvisor & England Business Awards

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AGENTS NOTE: This is a business for sale as a going concern, not an empty premises for sale or let.

ADDITIONAL INFORMATION: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

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PARTICULARS

This is a rare opportunity to purchase a charming café/bistro situated in a prime location on the Norfolk Broads. The property offers a wonderful lifestyle setting and comes with owners/staff accommodation and a separate holiday cottage. In such a delightful setting this really could be your idyllic new business venture.

The property has a long and rich history dating back to the 1600’s and is a well-known landmark on the river bank. The vendor has recently refurbished the property, but reluctantly find they now have to move on, offering someone new a great opportunity to take the business to the next level and enjoy the benefits of this beautiful location.

THE BUSINESS ITSELF

The current owners have run the business here for almost two years, but due to health and other work commitments they have made the difficult decision to look to pass it onto new custodians. During their ownership they have improved the restaurant, kitchen and holiday cottage making it much more attractive and appealing throughout. They have also established a good reputation for the business among the local community with the improvements made to the property, food menu and the service provided.

The business features prominently on social media with well thought out and catchy posts. The high standards and reputation have led to the business becoming a multiple award winner with excellent online reviews. It is therefore unsurprising that they are regularly asked to cater for private events and to open in the evenings and this is clearly an area that a new owner could look to capitalise on. Already with the benefit of an alcohol licence, the restaurant makes an ideal evening venue to host regular events such as Fish & Chip nights or a French night as examples.

The Norfolk Broads, on which the business sits, is one of the main tourist attractions in the area, with many boats passing by as well as mooring up in the village on a daily basis. This brings significant numbers of customers into the village to compliment the local trade and there could well be ways in which to further tap into that market with the provision of picnic baskets and such like.

The business of course also benefits from the income generated by the attached holiday cottage which we have been advised is particularly popular with many returning guests and an occupancy level being achieved in the region of 90%. With owners accommodation as well, which could potentially be let separately, the business and premises give good scope to be operated in a number of different ways to suit someone new taking over.

PREMISES

A charming thatched building in an ‘L’ shape hosts a restaurant on the ground floor and owners living quarters on the first floor, a commercial galley style kitchen to the rear and a self-contained holiday cottage set over two floors. The cottage overlooks the river and has the benefit of the use of a private garden area, whilst customers can sit in the pretty courtyard and enjoy the view out onto the water and the boats passing by.

The restaurant has four entrances from the courtyard, one of which leads to a lobby with two w.c’s. The other three can be used as desired. The restaurant is split into the main room with adjoining snug, accommodating up to 36 people and has a cozy atmosphere with wood burner. It also has many character features and scenic views of the river, the green and the gardens. The service counter is located at one end of the restaurant and has a coffee machine (leased), a bean grinder, urn and under-counter refrigerators, as well as drinks storage. The restaurant has an alcohol licence, a 5* Food Hygiene Rating, EPOS till and CCTV.

The owners accommodation is accessed by stairs from the snug and consists of an open plan kitchen, dining and study area, and a lounge with stunning views of the river. There is also a spacious double bedroom with an en-suite shower room.

The kitchen can be reached from the back of the restaurant or from either of the two external doors that lead to private areas. It is well equipped with stainless steel surfaces and fittings, including a large commercial extraction unit. It has a wide range of cooking equipment that can cater for the needs of the business and for an evening service if desired.

The owners have renovated the holiday cottage to a high standard and it is a valuable addition to the business. The kitchen and bathroom on the ground floor are well-equipped for a short term stay. The living area upstairs has a sofa, table and chairs and a stunning view of the river. The double bedroom is also nicely furnished and has the same scenic outlook.

The business and property come with private parking as well as public parking nearby.

This is a great opportunity that deserves your attention, so please get in touch with us to find out more about this beautifully positioned business.

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FURTHER INFORMATION

REFERENCE NUMBER:

R35743E.

OPENING HOURS:

8:00am to 3:00pm Wednesday to Monday.

TENURE:

Leasehold. The sale will be subject to a new lease being granted on terms to be agreed between the parties. We understand that the Freehold interest may be available by separate negotiation.

RENT PAYABLE:

Currently £30,475 per annum. As a new lease will be granted the rent amount will be agreed as part of the lease negotiations.

The purchaser will be responsible for the landlords costs and fees in connection with the grant of a new lease.

RATES PAYABLE:

Currently no Business Rates are payable as the property benefits from 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.

EPC:

Where applicable the Energy Performance Certificate is available on request.

PRICE:

£45,000.

For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING:

Strictly by appointment only, please get in touch to make an appointment.

FINANCE:

We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL:

Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING:

We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

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DISCLAIMER

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.