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Restaurant/cafe for sale

£43,950

3 Gaol Lane, Sudbury CO10

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Property description

Business
Hilton Smythe welcomes to the market The Loft which was established and fully refurbished in 2015 by our client, who is selling due to family commitments.

The Loft is an extremely well presented, fully licenced restaurant which has a good local client base. They also cater for weddings, christenings and family parties. The restaurant predominantly serves English, Polish and Continental food sourced locally.

The business has excellent Trip Adviser and Facebook reviews along with a 5 * hygiene food rating.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
The Loft is located in the Suffolk market town of Sudbury just off the main shopping area, therefore ideal for breakfast, lunch and dinner trade.

There is free parking throughout Sudbury and bus routes close by.

The area is served by the A131.
Premises
The restaurant is located within ground floor premises measuring approximately 136 square metres.

There are three large windows to the front and double opening doors from the street leading to a lobby way with sloped wheelchair access to a further set of double doors to the main restaurant area which seats 54 people.

Off the main dining area is a storage cupboard, access to the bar area and also access to the toilets via a lobby area. The female toilet also has a baby change facility and the male toilet has disabled access, there is also a further storage area off this lobby.

The bar has three draught kegs, coffee machine, wine rack, sink and fridges.

The bar leads to the kitchen area which is mainly fitted out in stainless steel and equipped with a 4 burner oven, hotplate, two deep fryers, freezers, fridges, triple under counter fridge and food preparation area, sink etc.

The kitchen leads to the storage area with further storage, fridges and freezers, off this area is the staff toilet.
Tenure
We are advised the business is being sold as a leasehold business opportunity.

Original lease length: 10 years.

Remaining lease length: 8 years as of 2017.

Rent: £12,000 per annum including VAT.

There are currently no business rates payable.
Hours
The business opening hours:

Friday:12 noon-900pm

Saturday:11.00am-10.30pm

Sunday: 12.00-9.00pm

The hours have been reduced due to the vendor’s family commitments, however, until recently the restaurant has been open 7 days a week and it would benefit the restaurant to open these hours again and to consider opening for breakfast

staff
The business is run and managed by our client, with the help of 1 part time, 1 full time and several casual members of staff
financial profile
The Loft generated an advised turnover of circa £120,000 with the current opening hours.

What Zoopla users think of Sudbury

Overall rating:

  • currently 3 stars
Good - 65% (31 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Sudbury (Suffolk) (0.3 miles)
  • Bures (5.0 miles)
  • Chappel & Wakes Colne (7.9 miles)
  • London Stansted Airport (23.6 miles)
  • London Southend Airport (32.4 miles)
  • London City Airport (46.9 miles)
  • Brightlingsea Ferry Landing (20.5 miles)
  • Point Clear Ferry Landing (20.5 miles)
  • Harwich International Ferry Terminal (23.2 miles)

Nearby schools

View all schools in Babergh
  • St Joseph's Roman Catholic Primary School (0.2 miles)
  • St Gregory Church of England Voluntary Controlled Primary School (0.3 miles)
  • Tudor Church of England Primary School, Sudbury (0.4 miles)
  • The Yellow House School (7.3 miles)
  • Colchester Institute (12.1 miles)
  • The Sixth Form College Colchester (12.4 miles)
  • Ormiston Sudbury Academy (0.6 miles)
  • Hillside Special School (0.7 miles)
  • Thomas Gainsborough School (1.4 miles)
Note: Distances are straight line measurements

Local info for Babergh

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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