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Restaurant/cafe for sale

£39,995

7-8 Chapel Yard, Holt NR25

Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
Hilton Smythe welcomes to the market The Cafe Chapel Yard, a family run business that was established in 2004 by our client, who is now looking to change career.

The Cafe is a traditional cafe open for a morning coffee and lunches offering a range of foods including homemade scones and cakes, pasties, sausage rolls and there is also an alcohol licence also freshly prepared light lunches including soups, sandwiches, filled baguettes and salads.

The double fronted cafe also has seating directly outside and a first floor area that could be utilised to give more seating.

The cafe has a Facebook page with 5* reviews, 4.5 TripAdvisor rating and a 5* Yell rating.

There is room for development by carrying out one or more of the following:-

Create a website
Utilise the first floor area for extra seating of up to 8 more paying customers
Extend opening hours
There is currently a very competitively priced menu, prices could be increased slightly to generate a higher turnover.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
The Cafe Chapel Yard is located in the thriving North Norfolk market town of Holt, which is located just off the A148 Kings Lynn to Cromer Road.

The Cafe is positioned in a courtyard setting surrounded by other shops, just off the High Street. There is a large car park directly to the rear of the cafe.

Premises
The premises is entered directly from the courtyard area, which has seasonal seating for 6, but there may be room for up to 8.

The main cafe is set over 2 areas giving 36 covers across 11 tables, access to serving area and stairs leading to the first floor.

Serving area has:-
Ice cream fridge
Pasty warmer
Fridge
Sink
Crockery storage
Dessert/cake display cabinet
Till
Door to kitchen

The 5* hygiene rated kitchen has:-
Industrial extractor fan
Panini press
Oven
Cooker
2 x fridges
Stainless steel preparation tables
Shelving
Sink
2 x microwaves

First floor landing area is currently a large store room, this can be opened up to create further seating as there is another store room off here.

The separate toilets are also on this level.

Tenure
We are advised the business is being sold as a leasehold business opportunity.

The lease expires in May 2020 and has an annual rent of £14,000.

Hours
The business opening hours:
Monday-Saturday: 9.00am-5.00pm closing at 4.00pm in the winter months
Sunday: 10.00am -4.0ppm March - December
These have been changed to suit our client, and would benefit from opening for breakfasts and into the evening, especially in the holiday periods.

Staff
The business is run and managed by our client and his partner.

Financial Profile
The Cafe Chapel Yard generated an advised turnover of circa £105,693 as of the 2017 accounts, with a gross profit of 66.1%.

What Zoopla users think of Holt

Overall rating:

  • currently 3 stars
Good - 64% (12 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 2 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 3 stars
Transport & travel

Rate Holt:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Sheringham (5.7 miles)
  • West Runton (6.8 miles)
  • Cromer (8.7 miles)
  • Norwich International Airport (18.3 miles)
  • Humberside Airport (75.3 miles)
  • London Stansted Airport (79.3 miles)
  • King's Lynn Ferry Landing (30.9 miles)
  • Reedham Ferry North (30.9 miles)
  • Reedham Ferry South (31.0 miles)

Nearby schools

View all schools in North Norfolk
  • Holt Community Primary School (0.3 miles)
  • Kelling CE Primary School (2.7 miles)
  • Astley Primary School (3.9 miles)
  • Sir Isaac Newton Sixth Form Free School (21.1 miles)
  • East Norfolk Sixth Form College (34.9 miles)
  • Bury St Edmunds County Upper School (47.8 miles)
  • Gresham's School (0.7 miles)
  • Sheringham Woodfields School (5.0 miles)
  • Sheringham High School (5.0 miles)
Note: Distances are straight line measurements

Local info for North Norfolk

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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