Restaurant for sale
Property description & features
- Amazing opportunity to take on a thriving business with an excellent local reputation.
- Trading as Urban Munch from the same location since 2009.
- Serving a range of delicious baguettes, hog roasts and roast dinners.
- Ideal business for a couple or a partnership to maximise its full potential.
- 5 year lease was signed in August 2019, with the landlord happy to grant a new long term lease to a new tenant if required.
- Business available to purchase for £85,000 including goodwill, fixtures and fittings, plus £10,000 + VAT per annum in rent.
- Fantastic City Centre location.
- Available to view immediately.
Urban Munch, Norwich. - Paul Hubbard Commercial are delighted to bring to market a true Norwich favourite, Urban Munch on Castle Meadow.
Located in a prime position with high footfall and passing traffic, the business is now available for sale for £85,000, with an annual rent of £10,000 + VAT.
The business has been a staple in the city centre for 14 years, and even before that operating under a different name.
Serving a wide range of hot baguettes and roast dinners, it is hugely popular with office workers, shoppers and tourists all throughout the year, offering delicious, reasonably priced and high quality food.
The business is now for sale due to a change in circumstances for the owner. It has been run by just one person since 2019, so this could be a great business venture for someone ambitious looking to start up on their own, however it would be ideal for two people due to how busy the restaurant gets.
Urban Munch don't currently offer deliveries or online orders, so there is huge potential to scale this up to create more opportunities to increase revenue.
They currently open 6 days per week, 9:30am to 3pm, so there is also potential to open longer in the evenings and on Sundays.
A 5 year lease was signed in August 2019 which can be assigned to a new owner, however the landlord would consider granting a new longer term lease subject to further discussions.
All fixtures, fittings and equipment are included in the sale, and the current owner is willing to assist with a handover period once the sale has completed.
Castle Meadow - Nestled in the heart of the historic city of Norwich, Castle Meadow stands as a charming testament to the city's rich heritage and vibrant present. This iconic area, bordered by the medieval Norwich Castle to the east and the bustling marketplace to the west, offers a delightful blend of history, culture, and modern vibrancy.
At the heart of Castle Meadow lies the majestic Norwich Castle, an architectural masterpiece that transports visitors back in time. This Norman fortress, with its towering turrets and stone walls, is a symbol of Norwich's medieval past. History enthusiasts can explore the castle's fascinating museum, which showcases a diverse array of artifacts spanning centuries, from ancient civilizations to contemporary art.
As you stroll along Castle Meadow, the enchanting blend of old and new becomes evident. Lined with a diverse array of shops, cafes, and restaurants, this area is a haven for those seeking a leisurely shopping experience or a delightful culinary adventure. Fashion boutiques, quaint bookshops, and charming cafes dot the landscape, creating a vibrant atmosphere that caters to both locals and visitors alike.
Whether you're exploring the historical significance of Norwich Castle, savouring a cup of coffee in a trendy cafe, or perusing the market stalls, Castle Meadow offers a multifaceted experience that encapsulates the charm and vitality of Norwich.
It stands as a testament to the city's ability to seamlessly blend its rich history with the pulse of contemporary life, making it a must-visit destination for anyone eager to immerse themselves in the heart and soul of Norwich.
What a fantastic place to run a business!
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