Restaurant/cafe for sale in Coffee House, Ipswich, Suffolk IP3

A3 coffee house/cafe occupying a corner premises on a business estate that is completely unopposed with a captive audience of 100+ surrounding office based businesses and located on the outskirts of ipswich - suffolk. The business has been under the same ownership for the last 3 years but has been established for many years prior with the previous owner operating the business for in excess of 10 years. The business has come to market with a highly enviable reputation supported by a 4.5* Google review. The premises benefits from a fully equipped commercial kitchen along with 48+ covers (28+ Internal 20+ External) and the business has a 5* food hygiene rating. A 2014 transit custom refrigerated van is included within the sale price. We are advised current takings average approximately £5,000 per week with huge scope to further increase revenues by extending the opening days/hours, introducing a delivery partner, offering outside catering and creating a social media presence. A secure lease with 12 years unexpired at a current rental of £16,500 plus VAT per annum exclusive. Genuine reason for sale due to retirement. Cost of Stock to be paid on Completion. Early viewing advised. Ref: RX260778 - C6734E

Location

The business is completely unopposed and located in the middle of a large serviced office village, surrounded by over 100 businesses. The greater estate has in total, including the Masterlord Office Village, more than 4,500 people working in it

Tenure

Secure lease until October 2035 at a current rental of £16,500 plus VAT per annum exclusive

Exterior Front

The business occupies a prime corner suite benefiting from display windows to the front and side elevation along with display windows on the first floor of the front elevation. Externally the premises further benefits from decorative flower boxes, wall-mounted embossed signage, 3 car parking spaces and 20+ external covers. A single glazed entrance door leads into the premises which measure approximately 827 sq. Ft. Ground floor and 329 sq. Ft. First floor providing a overall area of 1,157 sq. Ft. And is arranged as follows:

Main Shop Area

With suspended ceiling, panel lighting, laminate flooring, currently set out for 10 covers but could easily accommodate more if required, crisp/product display unit, chilled display serve-over counter, regular counter with cake display stands and large Coca-Cola display fridge. Behind the counter is a till, card machine, 2-group coffee machine, coffee grinder, product display shelving, 2 x double under-counter display fridge and a chalkboard-style display menu

Commercial Kitchen

An opening at the rear of this area leads through to a commercial kitchen with various stainless-steel prep tables, 2 x stainless-steel prep tables with under-counter refrigeration, panini press, oven, double panini press, 4 x microwaves, turbo-fan oven, twin basket fryer, triple gas hob, commercial extractor system, toaster, wash-hand basin, double stainless-steel sink, single stainless-steel sink, large stainless-steel fridge, and large double stainless-steel fridge

Store/Prep Area

A small area off the side of the kitchen is a dry store room area with shelving/racking. Secondary store/prep area with shelving, dishwasher, various Bain Maries and 2 circular Bain Maries. Door off this area leads to a WC with wash-hand basin

First Floor Seating Area

A staircase from the main seating area leads upstairs to a further first floor seating area currently arranged with 4 traditional covers in addition to 3 sofas and 2 armchairs providing a further 9+ covers. A door at the rear of this area leads through into another store room equipped with various spare pieces of equipment, shelving and racking

Transit Van

The sale price also includes a custom refrigerated 2014 transit van with 60,000 miles on the clock

Staff & Trading Hours

The business is run by the vendor 3 days a week, with the assistance of 2 full-time and 2 part-time members of staff. Monday to Friday 7.30 am to 2.30 pm. Closed Saturday and Sunday. This leaves massive scope for a purchaser to extend the trading days and times to increase the turnover

Turnover

We are advised the turnover is currently around £5,000 per week working to the usual high gross profit margins associated with the trade

Business Rates

The premises is subject to a rateable value of £14,750 and we are informed business rates payable are currently £1,250 per annum

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction, with the landlord's legal costs to be split 50/50 if applicable

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission