Popular Tearoom in Touristy Coastal Norfolk

Great Yarmouth, Norfolk
REF: 02352

Asking Price:
£399,950
Annual Turnover:
£76,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 02352
Photo of Popular Tearoom in Touristy Coastal Norfolk
Photo of Popular Tearoom in Touristy Coastal Norfolk
Photo of Popular Tearoom in Touristy Coastal Norfolk
Photo of Popular Tearoom in Touristy Coastal Norfolk

Overview

Tenure:
Freehold
Established:
1990
  • Excellent Reputation
  • Huge growth potential
  • Recently Refurbished

For 25 years, this business has been serving a wide selection of light meals and desserts, ice cream, coffee and tea to the masses of tourists that visit the seafront town every spring and summer.

The current owners took over 3 years ago, fully renovated the tearoom to high standards and kicked the business up a notch, raking in revenues over this past season 35% greater than the year before.

Also included in the purchase is an independent living of a chalet style 3 double bedroom house. Combined, this is an exclusive opportunity worth further investigation.

An artist visiting this quaint little Norfolk beach town might choose this tearoom as the backdrop for their portrait of the region to highlight its charm. The redbrick, shingled roof exterior displays tasteful signage beckoning passersby to enter or to order ice cream at the special service window. Inside the immaculate 40 cover dining area, a fully equipped coffee bar and counter, wooden tables and comfortable chairs invite patrons to sit back and choose from the café’s rich menu.

A businessperson visiting this heavily touristed neighbour of Great Yarmouth would immediately be impressed with the business’ prime location, the substantial summer footfall and the quality of the food and service. The restaurant, founded in 1990, is well known amongst locals and returning tourists, that it turns over roughly £80,000 a season (April - September), inclusive of independent living of a chalet style 3 double bedroom house.

Intelligent Business Transfer are excited to present for sale a delightful, popular tearoom, tripling as a café and ice-cream parlor, serving customers during the summer tourist season.

You might not expect to hear that a tearoom in a small seaside town fueled almost exclusively by tourism enjoys regular patronage, but such is the case with this business. In the high season, this area attracts day-trippers from Norwich, Great Yarmouth and other inland towns, many who come numerous times over the summer. Additionally, the thousands of tourists from the rest of the country include a fair number who return every year. Over its 25 years, the business’ excellent fare and friendly service make it a must visit for many of these return tourists.

However, despite zero advertising, the business’ reputation has leaked out (helped by its Facebook page), yielding it a top Trip Advisor rating and throngs of customers above and beyond the regulars. Thus, the business presents a unique opportunity for an entrepreneur to purchase a profitable catering business and to adopt a comfortable lifestyle as well. An ambitious buyer could increase business by launching and promoting a website, instituting deliveries or possibly, converting the residence into a B&B. There lies the potential for extended opening hours and is licensed for winter trade. As the business is situated in a village where there is a busy camp with an 11 month season.

With the current owner facing changes in their personal life, they have approached Intelligent Business Transfer to find a suitable buyer to carry on in their stead.

Location

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
TBC
EPC Rating
C 51-75

Financial & More

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

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