£13,000
(£7.03/sq. ft)
Restaurant for saleOrwell Place, Ipswich IP4
1,850 sq. ft
Back to market
Leasehold
About this property
An exciting opportunity to acquire a well-established and highly popular Thai restaurant and takeaway located in the heart of Ipswich town centre. This business boasts a strong reputation for authentic Thai cuisine, and benefits from a 4.5* Tripadvisor rating and 4.5* Google review. With a strong brand, loyal customer base, and potential for growth, this business represents an excellent investment opportunity. Don’t miss out on this fantastic opportunity to step into a successful business with a bright future. Contact us today to learn more! RX395314
Location
The premises is situated in a fantastic trading location within the town centre along a street that provides lots of passing trade and a car park diagonally opposite
Tenure
We are advised there are approximately 8 years remaining on the lease at a current rental of £25,000 per annum exclusive
Premises
An imposing property with double doors leading into the premises which measures approximately 1,850 sq. Ft. And is arranged as follows:
Restaurant/bar area with high ceiling, ceiling fan, hanging lighting, laminate flooring, air conditioning and sound system throughout. To the right hand side of this area is 8 seated covers and 3 x bar stools; to the left hand side is 3 lounge chairs, and 2 x bar stools. To the back left of this are ais a bar behind which is equipped with 2 x triple display fridges, double display drink fridge, till system, draft beer tap, glass washer, kettle, ice bucket and alcohol display. A little opening from behind the bar area is a store room which runs the length of the property down the left hand side with ice machine, wash hand basin, wine racking and shelving
Kitchen
A stair case from the store leads to a commercial kitchen which is equipped with large double stainless steel fridge, large upright fridge, dishwasher, large chest freezer, double stainless steel sink, commercial extractor system, six burner range, another six burner range, twin basket fryer, single basket fryer, stainless steel prep table with under counter refrigeration, 4 microwaves, blender, chest freezer, fridge and stainless steel sink
Seating Area
There is a staircase at the rear of the bar area leading up to a raised seating area which is currently arranged to provide 31 covers but could easily accommodate more if required. There are separate ladies and gents WC facilities. A further seating area 2 has hanging fans, feature beams and currently arranged to provide 25 covers but could easily accommodate more if required
Trading Hours
Tuesday - Sunday 5 pm - 10 pm Closed on Monday. The premises is licenced for the sale of alcohol between the hours of 10 am until 12 am Monday - Saturday and 10 am - 11:30 pm on Sunday. The premises also benefits from a live music licence on those same hours
Turnover
We are advised turnover averages £2,000 - £2,500 per week, working to the usual high gross profit margins associated with the trade
Staff
The business is run by the vendors on a full time basis, with the assistance of 4 part time members of staff
Business Rates
The premises is subject to a rateable value of £16,500 and we are advised the rates are payable at around £2,058 per annum
Legal Cost
Each party to be responsible for their own, with the landlords legal cost split 50/50
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
Location
The premises is situated in a fantastic trading location within the town centre along a street that provides lots of passing trade and a car park diagonally opposite
Tenure
We are advised there are approximately 8 years remaining on the lease at a current rental of £25,000 per annum exclusive
Premises
An imposing property with double doors leading into the premises which measures approximately 1,850 sq. Ft. And is arranged as follows:
Restaurant/bar area with high ceiling, ceiling fan, hanging lighting, laminate flooring, air conditioning and sound system throughout. To the right hand side of this area is 8 seated covers and 3 x bar stools; to the left hand side is 3 lounge chairs, and 2 x bar stools. To the back left of this are ais a bar behind which is equipped with 2 x triple display fridges, double display drink fridge, till system, draft beer tap, glass washer, kettle, ice bucket and alcohol display. A little opening from behind the bar area is a store room which runs the length of the property down the left hand side with ice machine, wash hand basin, wine racking and shelving
Kitchen
A stair case from the store leads to a commercial kitchen which is equipped with large double stainless steel fridge, large upright fridge, dishwasher, large chest freezer, double stainless steel sink, commercial extractor system, six burner range, another six burner range, twin basket fryer, single basket fryer, stainless steel prep table with under counter refrigeration, 4 microwaves, blender, chest freezer, fridge and stainless steel sink
Seating Area
There is a staircase at the rear of the bar area leading up to a raised seating area which is currently arranged to provide 31 covers but could easily accommodate more if required. There are separate ladies and gents WC facilities. A further seating area 2 has hanging fans, feature beams and currently arranged to provide 25 covers but could easily accommodate more if required
Trading Hours
Tuesday - Sunday 5 pm - 10 pm Closed on Monday. The premises is licenced for the sale of alcohol between the hours of 10 am until 12 am Monday - Saturday and 10 am - 11:30 pm on Sunday. The premises also benefits from a live music licence on those same hours
Turnover
We are advised turnover averages £2,000 - £2,500 per week, working to the usual high gross profit margins associated with the trade
Staff
The business is run by the vendors on a full time basis, with the assistance of 4 part time members of staff
Business Rates
The premises is subject to a rateable value of £16,500 and we are advised the rates are payable at around £2,058 per annum
Legal Cost
Each party to be responsible for their own, with the landlords legal cost split 50/50
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
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£65 per month
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