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Business
Leasehold

£85,000

Restaurant for sale

Norwich, Norfolk NR2

£85,000

Restaurant for sale
Norwich, Norfolk NR2

    Business
    Leasehold

    About this property

      Sushi & ramen restaurant & takeaway - norwich, norfolk

      emf are delighted to bring to market this popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportunity for the new owner to either continue and further grow the business, or alternatively to relaunch with their own ideas and cuisines.



      business:

      The business was setup by the vendors approximately 5 years ago as a Japanese Restaurant and has gone from strength to strength, earning many 5 star reviews on Google Businesses and gaining quite a following on social media. Offering a selection of delicious Japanese dishes, they are known for their freshly prepared Sushi and Ramen and have recently relaunched their website to tie in with the overall theme.

      The ever increasing popularity of the business is reflected in the turnover, which was in excess of £400,000 for 2022,2023 and 2024, with the good level of profit which a business of this type would be expected to enjoy.

      With limited competition in the city for this style of cooking, the business has many regular customers, over both lunchtime and in the evenings, as well as with its takeaway offering, which we understand the Council have advised the vendors they can provide as a supplemental service.

      With very positive reviews on TripAdvisor and other review websites, it’s easy to see why the business is so popular and does so well. It now only comes to market reluctantly as the vendors are wishing to relocate outside of Norwich.



      premises:

      The business is situated in an ideal location in the city centre in St. Giles Street, and is surrounded by other independent restaurants and businesses and enjoys significant footfall past its front door.

      The Grade II Listed building is packed with charm and character, providing a quirky layout with feature sash windows, exposed timber beams and a warming fireplace adding to the atmosphere inside.

      On the ground floor you will find one of the dining areas, with quality tables, chairs and benches, mood lighting and features connected to the cuisine on offer. To the rear is the main kitchen which provides a range of preparation and cooking areas and equipment, with full extraction installed. A further pantry and storage area leads to the back door providing access to the bin storage area and side access.

      Moving upstairs, there is a second dining room with good natural light, providing ample space for a further 20 covers. The customer and separate staff toilets are located on this floor, as is a further storage room. In addition, is a decent sized room which is currently used for drink preparation and washing up, with sink, dishwasher, coffee machine, fridges, microwave and work surfaces.

      Lastly, the top floor provides two large additional rooms which are currently used as a staff room and to provide further storage of goods, which have the added benefit of A1 consent should a new owner wish to utilise this.

      The premises benefit from air-conditioning on the ground floor, speakers to play ambient music, C.C.T.V throughout, epos till system as well as a full alcohol licence.



      key information:

      agents note: This is a business for sale as a going concern, not an empty premises for sale or let.

      Confidential information: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

      Reference number: R34192E.

      Opening hours: 5.30pm to 9.30pm, Monday. 12:00pm to 2.30pm, and then 5.30pm to 9.30pm, Tuesday to Saturday.

      Tenure: Leasehold.

      The existing 10 year lease will transfer to purchaser as part of the sale, which started on the 27th April 2022. We understand that the lease is within the Landlords and Tenants Act 1954 (renewable).

      The purchaser will be responsible for the landlords costs and fees in connection with the assignment of, or the grant of a new lease.

      Rent payable: £19,000 per annum.

      Rates payable: £5,122 per annum.

      This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

      Staff: 2 full-time and 8 part-time staff. Correct at the time of listing.

      EPC: The Energy Performance Certificate shows a rating of ‘D/94’, full document available on request.

      Price: £85,000 plus stock at valuation.

      Comprising the leasehold interest, business goodwill, fixtures, fittings, and equipment. Stock to be purchased separately at valuation upon completion. Business offered for sale as a going concern and not as a vacant premises.

      Viewing: Viewing is strictly by appointment only. Please contact us at your earliest convenience to schedule a time that suits you.

      Finance: If you require assistance with business financing or commercial mortgages (subject to eligibility), we may be able to help. Let us know if you would like our support, and we will gladly put you in touch with our recommended whole-of-market broker.

      Business to sell: Thinking of selling your business? That’s our specialty. If you’re curious about its value, we offer a free, confidential valuation service. Simply pick the day and time that work best for you, and we will provide an honest, professional assessment. Feel free to get in touch with our office at your convenience to book an appointment.

      Premier marketing: We are passionate about showcasing each business in a way that truly stands out. Our listings include high-quality property details and comprehensive information across all major online platforms, as well as our own website. If you want your business to shine, call us to arrange a complimentary valuation.



      disclaimer:

      1. Money laundering regulations: Prospective buyers will be required to provide identification documentation and proof of funding during the purchasing process. Cooperation is appreciated to ensure the sale proceeds without unnecessary delays.

      2. Particulars: While we strive to ensure all information is accurate and reliable, it serves as a general guide only. Should any particular details be of special importance, please contact us so we can verify the information before you travel to view.

      3. Measurements: Provided room sizes are approximate and intended solely for general guidance. Prospective buyers are advised to independently verify all measurements to ensure accuracy.

      4. Services: Please note we have not tested the services or any of the equipment or appliances.

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