Restaurant/cafe for sale in Orchard Close, Norwich Road, Fakenham NR21

£29,999
Restaurant/cafe for sale
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Property description

Business
Hilton Smythe welcomes to the market Café Scrumptious, which was established in 2012 and owned by our client, who is now looking to spend more time with the family, since 2014.

Café Scrumptious is a dog friendly 50 seater traditional café that is open for breakfast, lunch and into the afternoon for teas, coffees, cakes, scones etc. The Café prides itself on the home cooked food it serves which brings in many repeat customers, both local and from further afield.

The café has many impressive reviews and is rated 4.5*/5 on TripAdvisor, 5*/5 on Yell and 4.9*/5 on its very own Facebook page.

The owner increased the prices and adjusted the menu in September 2019 and immediately saw a jump in average weekly takings from circa £1300 per week to circa £1650 per week. However, there is still room for development as the prices are still very fair in comparison to other local cafes and prices could be increased further.

Other ways of increasing income would be to:
• Create a website
• Look at layout and add further tables to increase seating capacity
• Local advertising – leaflets
• Longer opening hours

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Café Scrumptious is located in Fakenham in Norfolk, in the town centre close to a local car park with free parking up to two hours.

Fakenham is a market town in North Norfolk with a population of circa 8000 and is a main stop off point when travelling to or from the North Norfolk coast as the town is located just of the A148 Cromer to Kings Lynn road.

Premises
Entrance door directly off main road to the recently decorated and air conditioned café.

Main café area has 10 tables and a coffee table with soft seating giving total seating for circa 50 customers.

There is a small children's play area from this area is the doorway to the store room doorway to the toilets and open to the kitchen.

The 5* hygiene rated kitchen has a counter area with till and cake display fridge.

The main kitchen area:
• Fitted units
• Coffee machine
• Water boiler
• 4 ring hob electric cooker
• Extractor fan
• Salad fridge with stainless steel preparation area
• 3 x under counter fridges
• 3 x microwave ovens
• Double fryer
• Panini machine
• Ice cream freezer
• Drinks fridge
• Chest freezer
• Washing up area with dishwasher

Small office space

Toilet facilities

Tenure
We are advised the business is being sold as a Leasehold business opportunity with a 6 year lease from October 2017 and an annual rent of £5,500.
There is a review period after 3 years.

Hours
Monday: 9.00 am - 4.00 pm
Tuesday: 9.00 am - 4.00 pm
Wednesday: 10.00 am - 2.00 pm
Thursday: 9.00 am - 4.00 pm
Friday: 9.00 am - 4.00 pm
Saturday: 9.00 am - 4.00 pm
Sunday: Closed

The café could benefit from extending opening hours on Wednesday and opening earlier for the breakfast trade.

Staff
The business is run and managed by our client, with the help of 2 part time members of staff.

Financial Profile
Café Scrumptious generated an advised turnover of circa £66,000 as of the 2016 accounts, with a net profit of £8,000.
However, since September 2017 the owner increased to prices and the turnover has averaged £1650 per week since then. The owner is able to show these figures to a prospective purchaser.

Arrange Viewing

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

Contact Hilton Smythe Commercial about this property

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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 PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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