Cafe for sale

King Street, Thetford, Norfolk, IP24

Offers in Region of £120,000

Property Description

Commercial information

  • Business for sale

Key features

  • Popular and well used coffee shop and destination café, town centre location
  • Turnover in the region of £170,000 per annum
  • Loyal and regular customer base, excellent condition throughout
  • Viewing strongly recommended

Full description

Tenure: Leasehold

DESCRIPTION
Tall Orders is situated right in the heart of Thetford town centre, within the busy pedestrianised area among other independent retailers and national chains. The town is a hive of activity throughout the day with tourists and local residents, with the business being surrounded by a vast array of residential property. Tall Orders was purchased by our clients in 2011 and provides what is now a good quality operation, which is presented in an excellent condition and benefits from a regular and loyal customer base.

Since our clients' acquisition, Tall Orders has established a loyal customer base and generates an income of £170,000 per annum with good profits, although in our opinion the business is still growing and would suit a hands on operator to maximize profits.

Thetford represents a typical Norfolk market town and provides heavy footfall from both the adjacent shops and tourists throughout the summer, given the number of attractions close by which include Centre Parks at Elveden Forest and The Dads Army museum.

Our client has fully refurbished the property to provide the current set up, which include good quality fixtures and fittings and a serving area with glass display cabinets for cakes and cold drinks. The majority of the income comes from food led sales, which include breakfasts, light lunches and sandwiches served throughout the day, all of which are made on site and by using local produce where possible.

In our opinion, due to the lack of traditional restaurants in the town centre, an evening bistro menu could be beneficial to any new operator in order to generate additional income.

SALES
Average weekly sales are in the region of £3,500 with genuine potential to increase.

ACCOUNTS
Current records and accounts can be inspected after viewing by genuinely interested parties.

TRADING HOURS
Monday - Saturday 08:30 - 16:30
Sunday - Closed

STAFF
Managed by the owner with a mix of full and part time members of staff.

PROPERTY
A deceptively spacious property which occupies a commanding corner plot position within the town centre and pedestrian area. The property has been tastefully refurbished by the current owners and now provides an excellent restaurant area with approximately 43 internal covers and 24 outside.

RESTAURANT AND BAR AREAS
Fully open plan in design, with a light and airy feel providing a total of 43 internal covers, which are arranged over two levels along with 24 covers outside.

The business underwent a full refurbishment programme in 2011 when the business was purchased by our client and now offers good quality fixtures and fittings throughout with a relaxing feel. Tall Orders operates with an A3 licence and in our opinion could increase the opening hours to provide evening meals, such is the quality of the layout and lack of traditional restaurants within the town.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that upon change of ownership a new 10 year lease will be issued. The current annual rent is £***.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
An excellent opportunity for an experienced operator or first time buyer to take this business on to the next level, by further developing the loyal customer base which has been built up over recent years.

An inspection is highly recommended to fully appreciate the area, condition and business opportunity in general.

More information from this agent

Nearest station

  • Thetford (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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

  • Thetford (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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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