Cafe for sale

Holt, Norfolk

£100,000

Property Description

Full description

Tenure: Leasehold

DESCRIPTION
The Owl Tea Room and Bakery is situated in a prominent location within one of the town´s most iconic buildings.
The business is both a bakery and a restaurant specialising in homemade foods cooked on the premises from raw ingredients. The shop sells a wide selection of foods including pies, quiches, organic bread, cakes, scones, jams, chutneys and drinks. Through the shop is the restaurant, specialising in cooked lunches, light meals, coffee, tea and cakes. There is seating for 38 inside and another 40 seats outside in a delightful, enclosed walled garden with tables and umbrellas, serving the same menu. There is wheelchair access to the garden from the street.

The kitchen area was extended and refitted in 2005 and boasts a spacious working area. The kitchen underwent further building works in 2011 with an extended and refitted bakery area. Both the kitchen and bakery are well equipped with ample work surfaces, two Hobart mixes, counter top Foster freezers, fridges and Hobart pass through dishwasher.

THE BUSINESS
The Owl Tearooms is long established and profitable partnership. The business is currently owner run with a small number of staff and only operates between 8.30am and 5pm Monday-Saturday.

There is significant potential to increase turnover and profit by opening the restaurant in the evenings, Sundays and providing external catering.

Details of turnover and gross profit in recent years is as follows:

Gross Turnover
YE 31/03/2012 - £299,723
YE 31/03/2013 - £308,543
YE 31/03/2014 - £296,932

Gross Profit
YE 31/03/2012 - £224,460
YE 31/03/2013 - £227,193
YE 31/03/2014 - £218,576

LEASE
The premises are available by way of a new tenancy on effective full repairing and insuring terms for a length of term of 10 or 15 years subject to upward only rent reviews.

RENT
The initial rent is £16,000 pax

FIXTURES, FITTINGS AND STOCK
Fixtures, fittings and stock are available by separate negotiation.

ACCOMMODATION
ACCOMMODATION
The accommodation comprises:-

Front Shop - 250 sq ft / 23.23 sq m
Restaurant - 420 sq ft / 39.02 sq m
Kitchen - 400 sq ft / 37.16 sq m

External Store - 84 sq ft / 7.80 sq m

Please note that all areas are approximate.

TERMS
Guide £100,000
plus fixtures, fittings and stock

OUTGOINGS
RATEABLE VALUE
£8,700

PLANNING
PLANNING
We believe that the premise has planning consent for use as a "General Industrial" under the Use Class A3 for Tearooms and restaurant. Planning consent for other uses may also be permitted (subject to planning consent) and interested parties are recommended to make their own enquiries to North Norfolk District Council, Council Offices, Holt Road, Cromer, NR27 9DN. Tel: 01263 513811


Nearest station

  • Sheringham (5.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Cockertons, Holt

1a Market Place Holt NR25 6BE

01263 658012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Sheringham (5.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Cockertons, Holt

1a Market Place Holt NR25 6BE

01263 658012 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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