Church Street, Cromer
- SIZE AVAILABLE
1,102 sq ft
102 sq m
- SECTOR
Commercial property for sale
Key features
- Highly successful business, located in a sought-after area on the North Norfolk coast.
- Fully refurbished premises with high quality fixtures, fittings and equipment throughout, all included in the sale.
- Over 1100sq ft of floorspace, with 40 covers inside the restaurant and an outdoor seating licence.
- First year turnover of £528,000, and on track for £620,000 in the second year of trading.
- 8 years remaining on a 10 year lease, with a 5 year break clause and £0 business rates payable.
- Available to view immediately.
Description
Gibson's Bistro, Church Street, Cromer. - Paul Hubbard Commercial is delighted to present an exciting leasehold opportunity on the sought-after North Norfolk coast.
Gibson’s Bistro, a thriving and highly regarded dining establishment in the heart of Cromer, is now available for purchase for £195,000.
This fully refurbished bistro has been finished to an exceptional standard, featuring a brand-new kitchen and stylish interiors that create a warm and inviting atmosphere. Boasting a prime location in a high-footfall area, the business benefits from excellent visibility and a steady stream of tourists and locals alike.
With a loyal customer base and glowing reviews across TripAdvisor and Google, this is a rare opportunity to take over a successful and well-loved hospitality venture.
The bistro operates on a 10-year lease with eight years remaining and a five-year break clause, offering stability for the new owner. Rent is an affordable £1,000 per month, with £0 business rates due to small business rates relief, ensuring strong profitability.
The business is fully staffed with a dedicated team of 6, including 2 talented chefs and 4 front-of-house professionals, making for a seamless transition for a new owner.
The venue seats 40 guests indoors, regularly achieving full capacity during evening service, and also benefits from a licence for outdoor seating, allowing for further growth and flexibility.
With a healthy blend of local residents and holiday makers seeking high-quality dining experiences, Gibson’s Bistro stands out as a go-to destination for both locals and visitors. Cromer enjoys a year-round influx of tourists and day trippers, providing a consistent flow of customers throughout the seasons.
In its first year, the bistro achieved an impressive turnover of £528,000, and the second year is projected to reach £620,000—highlighting its strong financial performance and continued growth potential. The business has also cultivated a significant online presence, with a large and engaged social media following that further drives customer engagement and brand awareness.
This is a turnkey opportunity for an ambitious restaurateur to step into a highly successful and fully operational business. The current owners are only selling due to relocation, meaning the bistro is primed for continued success under new ownership.
With everything in place, from a prime location and stunning interiors to a strong customer base and experienced staff, Gibson’s Bistro presents an unmissable chance to own and operate a flourishing restaurant in one of Norfolk’s most vibrant coastal towns.
Brochures
Church Street, Cromer
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cromer Station0.5 miles
- Roughton Road Station0.7 miles
- West Runton Station2.5 miles
Notes
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