Popular, Authentic Hungarian Restaurant in Norfolk

Norwich, Norfolk
REF: R07128

Asking Price:
£45,900
Annual Turnover:
TBC
Annual Net Profit:
TBC
REF: R07128

Overview

Tenure:
Leasehold
Established:
2016
  • Norwich’s No 1 Hungarian Restaurant
  • Licenced for alcohol
  • Authentic, delicious cuisine
  • Wide, semi-detached premises
  • Huge scope for growth

The business for sale is a well-operated and popular restaurant in Norwich city centre, which has amassed a stellar reputation for providing delicious authentic food and high-quality, warm service since it began trading.

With a varied menu, this eatery offers authentic Hungarian cuisine at great value prices and has gained a loyal customer base.

A new owner is presented a well-built, lucrative business model, which has set strong foundations and is now primed for additional expansion. The landlord has confirmed he will extend the current lease for the new buyer.

This is a unique restaurant offering an extensive range of menu options, including freshly prepared and locally sourced Hungarian foods. Licenced, it also allows alcohol on site, with a £10 corkage fee.

Open 7 days a week the restaurant’s operating hours are as follows: Monday - Thursday: 12:00 - 15:00 & 18:00- 22:00, Friday - Saturday: 12:00- 23:00 and Sunday: 12:00- 16:00. The business operates from semi-detached, double-glass-fronted premises in a city centre position. Externally the business showcases the restaurant name alongside a contact number. Through the entrance is the main dining area which is stylish with a warm, romantic setting; further along is a well-appointed and equipped kitchen as well as customer toilets. Trading consistently all year round, the business also offers its venue for hire for special events and private parties and manages a modern, user-friendly website which showcases the business.

Such an eatery provides a superb platform for a first-time buyer or an experienced owner operator looking to acquire a well-operated restaurant business in a prominent location.

Whilst the current website is modern, user friendly and showcases the business menu, a new owner could look to convert it into an interactive e-commerce platform, allowing customers to place orders online and request table bookings.

Introducing an external catering service would also be beneficial and would present and an additional stream of revenue. Listing on JustEat, Deliveroo and UberEats would also be beneficial, as would embracing social media to assist advertising. The vendor is willing to aid the buyer with the transition if needed

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  • Close to city centre
  • Heavy footfall
  • Good level of passing trade
  • Excellent transport links
  • Popular tourist spot
Rent
£18,000
Rates
TBC
Lease Term
TBC
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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