Marine Parade, Great Yarmouth
£160,000
£59.22 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,702 sq ft
251 sq m
- SECTOR
Restaurant for sale
Key features
- Prime seafront licensed restaurant business in a prominent Marine Parade location
- Offered for sale at £160,000 as a going concern with viewing highly recommended
- Passing rent of £20,000 per annum
- Approx. 100 internal covers plus 32 external covers overlooking the promenade
- Long-established and highly regarded restaurant with strong local and tourist trade
- Turnover in the region of £320,000–£330,000 per annum
- Leasehold opportunity with approximately 5 years remaining on the current lease
- Genuine turnkey business including goodwill, fixtures, fittings and equipment
- Significant potential to increase turnover through extended trading and events
- Fully fitted and equipped throughout including commercial kitchen, bar and furniture
Description
Long-established and fully fitted licensed seafront restaurant business occupying a prime trading position on Great Yarmouth’s busy Marine Parade.
Hms Hinchinbrook, Great Yarmouth. - Paul Hubbard Commercial are pleased to present an opportunity to acquire a well established, highly popular and perfectly located restaurant business in Great Yarmouth, Norfolk.
Occupying a prime and highly prominent trading position directly on Great Yarmouth’s seafront, HMS Hinchinbrook represents an excellent opportunity to acquire a long-established and fully fitted licensed restaurant business in one of the East Coast’s best-known tourist destinations. Positioned on Marine Parade opposite the beach and promenade, the business benefits from substantial seasonal footfall, excellent visibility and a strong reputation with both locals and visitors alike.
The restaurant provides approximately 100 internal covers together with a further 32 external covers and is fully equipped with commercial kitchen facilities, bar area, customer seating and ancillary storage. The business trades successfully as a licensed restaurant and is offered for sale as a genuine going concern including goodwill, fixtures, fittings and equipment, providing an incoming purchaser with a turnkey opportunity.
The business currently operates on a seasonal basis between February and November and generates turnover in the region of £320,000–£330,000 per annum. There remains clear potential to increase profitability and further develop the business through extended opening periods, enhanced online presence, private functions, events and operational efficiencies. The current setup offers excellent scope for an owner-operator or experienced hospitality business looking to capitalise on the established trading position and strong seafront location.
The premises are held on leasehold terms by way of a 10 year lease from April 2021, with approximately 5 years remaining, at a passing rent understood to be £20,000 per annum. Further lease information is available upon request.
The property has established restaurant use and occupies a highly desirable leisure and hospitality location within Great Yarmouth, surrounded by a range of tourist attractions, hotels, bars and complementary operators.
Businesses of this nature and position rarely become available on the open market and early enquiries are therefore strongly encouraged.
*Please note all legal costs associated with purchasing the business are to be paid by the purchaser.*
Hms Hinchinbrook, Great Yarmouth. - Paul Hubbard Commercial are pleased to present an opportunity to acquire a well established, highly popular and perfectly located restaurant business in Great Yarmouth, Norfolk.
Occupying a prime and highly prominent trading position directly on Great Yarmouth’s seafront, HMS Hinchinbrook represents an excellent opportunity to acquire a long-established and fully fitted licensed restaurant business in one of the East Coast’s best-known tourist destinations. Positioned on Marine Parade opposite the beach and promenade, the business benefits from substantial seasonal footfall, excellent visibility and a strong reputation with both locals and visitors alike.
The restaurant provides approximately 100 internal covers together with a further 32 external covers and is fully equipped with commercial kitchen facilities, bar area, customer seating and ancillary storage. The business trades successfully as a licensed restaurant and is offered for sale as a genuine going concern including goodwill, fixtures, fittings and equipment, providing an incoming purchaser with a turnkey opportunity.
The business currently operates on a seasonal basis between February and November and generates turnover in the region of £320,000–£330,000 per annum. There remains clear potential to increase profitability and further develop the business through extended opening periods, enhanced online presence, private functions, events and operational efficiencies. The current setup offers excellent scope for an owner-operator or experienced hospitality business looking to capitalise on the established trading position and strong seafront location.
The premises are held on leasehold terms by way of a 10 year lease from April 2021, with approximately 5 years remaining, at a passing rent understood to be £20,000 per annum. Further lease information is available upon request.
The property has established restaurant use and occupies a highly desirable leisure and hospitality location within Great Yarmouth, surrounded by a range of tourist attractions, hotels, bars and complementary operators.
Businesses of this nature and position rarely become available on the open market and early enquiries are therefore strongly encouraged.
*Please note all legal costs associated with purchasing the business are to be paid by the purchaser.*
Brochures
Marine Parade, Great Yarmouth
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Great Yarmouth Station1.0 miles
- Berney Arms Station4.5 miles
About Paul Hubbard Commercial, Suffolk
178-180 London Road South, Lowestoft, Suffolk, United Kingdom, NR33 0BBNotes
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