Summary - Church Street, Cromer NR27 9ER
1 bed 1 bath Commercial Property
**Standout Features:**
- Fully refurbished bistro with high-quality fixtures, fittings, and equipment.
- Over 1,100 sq ft of floor space including 40 indoor covers and an outdoor seating license.
- Excellent first-year turnover of £528,000, projected to reach £620,000 in the second year.
- Eight years remaining on a 10-year lease, with a favorable £0 business rates.
- Established customer base with strong online presence and favorable reviews.
**Summary:**
Gibson’s Bistro is a fully renovated restaurant situated in a prime location in Cromer, just steps away from the bustling tourism scene of the North Norfolk coast. Designed for comfort and efficiency, the bistro boasts contemporary interiors complemented by a brand-new kitchen, making it ready for immediate operation. With a capacity of 40 covers indoors plus an outdoor seating option, the potential for growth is immense, especially given the steady influx of tourists and a loyal local clientele.
The business has demonstrated remarkable financial performance, and its projected turnover signifies a thriving operation. The lease structure with eight years remaining, coupled with the advantage of £0 business rates, provides an investor-friendly opportunity. However, buyers should be aware of the leasehold tenure, which may pose challenges in securing financing.
This is not just a property; it is a chance to own a well-regarded, profitable business in a vibrant coastal community. With an established staff in place, the transition to success is set for any aspiring restaurateur looking to capitalize on a thriving local market. Act now to seize this extraordinary opportunity!
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