Popular Romanian Restaurant in Norfolk

Norwich, Norfolk
REF: R07435

Asking Price:
£75,000
Annual Turnover:
£150,000
Annual Net Profit:
TBC
REF: R07435

Overview

Tenure:
Leasehold
Established:
2019
  • Well-equipped premises
  • Loyal following
  • Great reviews
  • Excellent location
  • Scope for future growth

This is an exciting opportunity for an interested buyer to take on a popular Romanian restaurant currently based in Norfolk.

Since 2019, the business has been serving freshly cooked, authentic Romanian food to its loyal customer base, guaranteeing an exceptional reputation in the vicinity.

Now only up for sale due to the owner’s other interests, the restaurant requires a dedicated new owner to continue running operations effectively.

Serving a wide range of authentic Romanian dishes, this family run business has been ensuring a relaxed, casual atmosphere in which guests can dine.

As the only Romanian restaurant in the area, the business has a large base of customers who regularly return, as well as those looking to try something new. The restaurant has hosted various bloggers who often give excellent write-ups and help to bring in new customers.

The business trades from a very well-equipped premises. Upon entry, the bar sits to the right and a spacious seating area is to the left, accommodating 24 covers. A door in the middle leads to more seating which is currently not in use but will suit private parties. The fully-equipped kitchen is situated to the rear of the building. A total of 60 covers can be accommodated inside, whilst there is space for 40 outside. A full inventory will be available on request.

The restaurant promotes itself through a Facebook page with over 1,000 followers.

This is a great opportunity to take on a bright, spacious restaurant that is available to immediately take over and continue running straight away.

The business could be taken on by someone already established in the restaurant industry, or a first-time buyer looking to make an exciting purchase.

Whilst the restaurant has seen steady growth since inception, it could still be developed by any new owner. As it is equipped for any cuisine, the restaurant type and menu could be changed to suit any cuisine. Further advertising through social media marketing and flyer distribution could be a great way to attract a wave of new trade. Introducing a delivery service would also be beneficial and could increase sales.

The current owner is willing to stay on for as long as needed to ensure a smooth handover.

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  • Located in a busy area
  • High Footfall
  • Great exposure from passing trade
  • Accessible by public transport
  • Free 2 hour parking
Rent
£16,200
Rates
£0
Lease Term
10
Lease Expiry
9.5 years remaining
Square Footage
TBC
Accommodation Included
No
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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