Bar / Nightclub for saleEarlham Road, Norwich, Norfolk, NR2
2,150 sq. ft. | £675,000
- Business for sale
Not often does a freehold combining spacious family accommodation and a highly rated bar/café come to the market in Norwich, so this presents a rare chance to acquire this valuable property. Situated in a prime location, close to the city and the cathedral and in one of the best areas of Norwich, this presents a great opportunity.
Offering over seventy covers and boasting enviable reviews on social media the café/bar is thriving and is ready for new owners to either continue as (under a different name) is or stamp their own mark. Accounts show the business is highly profitable yet there is much scope for growth.
The business enjoys a large, local base of customers from the affluent suburbs around and also there is much passing trade due to the enviable location.
The large, airy three bedroomed apartment above, which has its own separate entrance is presented in good order and is ideal as a base close to the city and schools.
This is a great offer at a very fair price - do ask for a viewing which will not disappoint.
ACCOMMODATIONALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY
Located on one of the premier roads into the city near the cathedral, this family run restaurant and home is ideally located in an upmarket area which has a constant passing of footfall and cars. The large restaurant benefits from having thirty covers on the ground floor, a further thirty on the lower floor and seating for twelve outside and is well presented with a homely quirky feel. There is a well stocked bar and in the lower floor is another bar and a raised dais for bands making ideal for private parties. The total floor space covers c 1250 sq ft.
The well appointed kitchen is fitted to a high standard and includes a pizza oven, a large range, double stainless steel sink, freezers, extractor, dishwasher and all equipment necessary for the smooth running of a commercial kitchen. It measures some c 300 sq ft - large by commercial standards. All equipment is owned except the coffee machine which is on lease. There is a large cellar where beers and dry goods are stored. To the rear is a small smoking garden, a store room/office and two w.c's. There is rear access for the bins and deliveries.
The living space, which has its own entrance and a delightful high ceiling hall is spread over two floors. It consists of three very large double bedrooms, a kitchen/diner/lounge with newly fitted quality kitchen and a bath/shower room with separate w.c.
We are advised that there is a large loft which could easily be converted into further living space if required. The flooring is a feature with exposed hardwood timbers throughout. The whole is presented in good order and benefits from full G.C.H.
THE BUSINESS ITSELFThis is a long established, highly regarded very profitable restaurant bar showing a turnover in excess of £270,000 with the high G.P. you would expect from this type of business. There is much scope for improving margins by new owners who may choose to adopt different business methods without impacting on the quality of the offering.
Currently run by the owner and his sister with eleven full and part time staff the business only trades five days out of seven, and does not take advantage of the lucrative Sunday trade which is in much demand in this upmarket residential area.
There is a large, constantly changing menu which is renowned for the exceptional value for money it offers as reflected in the excellent reviews on Trip Advisor and other social sites.
Being situated on the edge of the City with little local competition there is both passing trade and many locals who walk to this venue.
Strictly by appointment only, please call our Norwich Office on (01603) 28 08 73 to make an appointment.
Finance available to suitable purchasers
Business to Sell or Let?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on Rightmove.co.uk, other portals and our own website, make your business stand out from the crowd - call us today!
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.
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.
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