Restaurant/cafe for sale in Market Place, Stowmarket IP14

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Location

The property enjoys a prime trading location in the bustling market town of Stowmarket, nestled within a well established parade of shops. The premises is surrounded by various other independent and big name traders including a Coral betting shop, Superdrug and a Boots to name a few

Tenure

7 Years unexpired on the lease, at a current rental of £20,000 per annum exclusive

Premises

A charming terrace retail shop, boasting a stylish facia board and a sleek glazed frontage, inviting customers into a spacious premises measuring approximately 972 square feet which is arranged as follows:

Upon entry, you're greeted by an ambience of modernity and functionality. The main restaurant area is adorned with elegant wood effect flooring, complemented by spot lighting and enhanced by a refreshing air conditioning system. Presently configured for 38 covers, this versatile space can easily accommodate more patrons if desired. To the left-hand side, an L-shaped counter sets the stage for seamless service

Commercial Kitchen

Behind it lies an expansive commercial kitchen designed for efficiency and culinary excellence, the kitchen features tiled walls and floors, augmented by a robust extractor system, double pizza oven, various stainless steel prep tables, prep table with under counter refrigeration and saladette above, twin basket fryer, pizza prep table with under counter refrigeration, under counter display drinks fridge, till system, 6 burner range, wash hand basin, another stainless steel prep with under counter refrigeration, microwave, coffee machine (leased at £81 pcm), and large double stainless steel fridge. Adjacent to the kitchen, a well-appointed prep room awaits with tiled walls and floors, large double stainless steel sink, dishwasher, stainless steel prep table and large dough mixer.

Dry Store

Beyond, a convenient a further opening leads into a dry store with stainless steel shelving provides organised storage space. A door to the right of this area leads into a corridor with WCs and a small storage cupboard, this area can also be accessed via a door within the restaurant area for customer use also. Another door from the secondary store leads into another store furnished with a large chest freezer, ice cream display freezer, and more stainless steel prep space, catering to various storage needs. A door at the rear leads outside where there is 1 parking space which is rented for £240 per annum

Trading Hours

Monday - Sunday 3pm - 10pm

Staff

The business is run be the vendor on a Part Time basis, with the assistance of 2 Full Time and 3 Part Time members of staff

Turnover

We are advised Turnover averages approximately £7,000 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 £17,750

Legal Costs

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