£160,000
(£59.22/sq. ft)
Restaurant for saleMarine Parade, Great Yarmouth NR30
2,702 sq. ft
About this property
Prime seafront licensed restaurant business in a prominent Marine Parade location
Offered for sale at £160,000 as a going concern with viewing highly recommended
Passing rent of £20,000 per annum
Approx. 100 internal covers plus 32 external covers overlooking the promenade
Long-established and highly regarded restaurant with strong local and tourist trade
Turnover in the region of £320,000–£330,000 per annum
Leasehold opportunity with approximately 5 years remaining on the current lease
Genuine turnkey business including goodwill, fixtures, fittings and equipment
Significant potential to increase turnover through extended trading and events
Fully fitted and equipped throughout including commercial kitchen, bar and furniture
Hms Hinchinbrook, Great Yarmouth.
Paul Hubbard Commercial are pleased to present an opportunity to acquire a well established, highly popular and perfectly located restaurant business in Great Yarmouth, Norfolk.
Occupying a prime and highly prominent trading position directly on Great Yarmouth’s seafront, hms Hinchinbrook represents an excellent opportunity to acquire a long-established and fully fitted licensed restaurant business in one of the East Coast’s best-known tourist destinations. Positioned on Marine Parade opposite the beach and promenade, the business benefits from substantial seasonal footfall, excellent visibility and a strong reputation with both locals and visitors alike.
The restaurant provides approximately 100 internal covers together with a further 32 external covers and is fully equipped with commercial kitchen facilities, bar area, customer seating and ancillary storage. The business trades successfully as a licensed restaurant and is offered for sale as a genuine going concern including goodwill, fixtures, fittings and equipment, providing an incoming purchaser with a turnkey opportunity.
The business currently operates on a seasonal basis between February and November and generates turnover in the region of £320,000–£330,000 per annum. There remains clear potential to increase profitability and further develop the business through extended opening periods, enhanced online presence, private functions, events and operational efficiencies. The current setup offers excellent scope for an owner-operator or experienced hospitality business looking to capitalise on the established trading position and strong seafront location.
The premises are held on leasehold terms by way of a 10 year lease from April 2021, with approximately 5 years remaining, at a passing rent understood to be £20,000 per annum. Further lease information is available upon request.
The property has established restaurant use and occupies a highly desirable leisure and hospitality location within Great Yarmouth, surrounded by a range of tourist attractions, hotels, bars and complementary operators.
Businesses of this nature and position rarely become available on the open market and early enquiries are therefore strongly encouraged.
*Please note all legal costs associated with purchasing the business are to be paid by the purchaser.*
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