Restaurant/cafe for sale in Pier Street, Sandown PO36

Leasehold Artisan Ice Cream & Dessert Parlour Located On The Isle of Wight
Freehold Option Available (125 year lease from 2015)
Ratings Google 4.3 / Facebook 4.1
Low Fee Franchise
Ref 2705

Location
This delightful Ice Cream & Dessert Parlour (award winning franchise brand) is located on the beautiful island The Isle of Wight. Situated within a prominent and highly visible trading position on Pier Street and just a stones throw from the beach. The immediate area is surrounded by an abundance of independent and large blue chip retailers, all of which bring high levels of footfall to the area. The Island is the second most populated of England and has the highest number of award-winning beaches in England. What's not to like!

Leasehold Asking Price: £109,950 plus sav (£2,000)

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Ice Cream & Dessert Parlour franchise which is located on the Isle of Wight. The business was established by our clients back in July 2019 and is now being offered for sale due to the owners being located in The Midlands and travelling is taking its toll.
Since ownership they have completely renovated, refurbished and invested in new equipment along with fixtures & fittings which are mostly bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Little Dessert Shop is overseen by the owners but when open is operated by a team of part time staff. We are not selling the business with any accounting information as such, just the assets/fixtures & fittings. If you do not wish to carry on with the franchise you can rebrand and be independent. They serve a fine range of waffles, crepes, pancakes, cookie dough, sundaes, verrines, ice creams, galetos, cheesecakes, bakes, patisserie, cakes, shakes, specialist teas & coffees and cold drinks. All products are prepared on site using high quality produce and can be enjoyed in the inviting and newly refurbished restaurant or can be taken away.
We believe that the business would benefit from a husband & wife combination who ideally would live on the island. There is potential for outside seating subject to agreement with the local council. It would be fair to say that to set up one of these franchises from scratch up it would cost circa £200,000. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with plenty of new visiting tourists. This is a superb opportunity to purchase a ready made and newly fitted business where all the hard work has been done which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Sunday - 12:00pm - 8:30pm (currently only opening Friday - Sunday 2:00pm)

Leasehold
New lease to be granted
Term: Negotiable
Rent: £18,000 pa
Business Rates: Zero

Ground Floor
Restaurant comprising: Tables, chairs to cover (34), 2 x baby high chairs, 4 x 40 inch TV's and 2 x hot air blowers/air conditioning units.
Kitchen area with serve over sales counter, epos till system, serve over chilled cake display fridge, serve over ambient glass display cabinet, undercounter fridge, 2 x blenders, Tango Ice Blast drinks machine (leased), ice cream freezer (Gelato ), 1 pot bain-marie, stainless steel table, stainless steel sink, twin head espresso coffee machine, coffee grinder, 2 x waffle machines, stainless steel table, stainless steel desert topping units, 2 x digital monitors for orders, 2 x crepe machines, cookie dough oven, microwave, undercounter fridge, ice cream (Carpagiani) large machine, ice maker, various storage racking, branded plates, menus, cutlery, CCTV, ceiling mounted stereo system, alarm system and secure money safe.
Washroom with stainless steel sink, dishwasher, wall mounted soap dispenser, wall mounted paper towel dispenser, walk in freezer, storage area and wall mounted insect zapper.
Dry stores with various storage racking units and stainless steel double door fridge.
Gents W/C with wash basin and wall mounted hand dryer.
Ladies W/C with wash basin, wall mounted hand dryer and baby change.

EPC Ratting D