£19,999

Restaurant for sale

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£19,999

Restaurant for sale

Coffee Shop, Ipswich IP1

Local area information

Property location

Nearby amenities

  • Ipswich School 0.3 miles
  • St Matthew's Church of England Voluntary Aided Primary School, Ipswich 0.3 miles
  • Ipswich 0.8 miles
  • Derby Road (Ipswich) 1.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Ipswich to find out more about the area.

Features and description

Coffee shop trading from an imposing character property occupying a prime trading position in the town centre that is surrounded by major brands located in ipswich - suffolk. The business was owner established 9 years ago and is now staff run, overseen by our client who has brought the business to market with a genuine reason for sale. Having built up a highly enviable reputation with a captive audience the business also benefits from a 5* food hygiene rating. Current advised takings average between £2,000 - £2,500 per week and was as high as £3,500 per week pre-covid. A secure lease is available at a current rental of £16,000 per annum exclusive. The 3-storey property represents a great entry level opportunity offering huge potential to expand several revenue streams that includes but not limited to yoga classes and private hire. Selling with a full complement of equipment including an eclectic MIX of fixtures & fittings creating a relaxed environment. Cost of Stock to be paid on Completion. Early viewing advised. Our ref: RX258927 - C6662S

Location

The premises is located in a through passage within the town centre that houses a vibrant mix of independent retailers such as an aesthetics clinic, travel agents and butchers. Uniquely sandwiched between the Halifax and Barclays, the walkthrough is complemented by major retailers such as Timpson's and E Hinds Jewellers

Tenure

A new secure lease for a term of 5 years is available at a current rental of £16,000 per annum exclusive. The lease contains a tenant-only break clause in 2024

Exterior Front

A good-sized shop front with almost full-height glazed display windows either side of a recessed wood-framed, part-glazed main door entrance with seating directly in front

Coffee Shop - Ground Floor

Measuring 31.11 x 19.09 approximately 631.74 sq. Ft. Benefitting from solid wood-type flooring throughout, air con and heating, CCTV, wall-mounted speakers, ceiling-mounted strip light spotlights, along with an industrial-type large bulb hanging feature light. The recessed bay windows feature a display on one side and bay window seating on the other. The coffee shop has almost full-height chalkboard display menus, a bespoke wooden display counter and serving area with kitchen prep directly behind. Comfortably accommodating 20+ internal covers with an eclectic mix of soft furnishings, tables, chairs and sofas in turn creating a unique feel throughout. Coffee Shop is equipped with counter-top cake display with glass cake domes above, upright cake display fridge and a tablet-based till system

Kitchen Prep Area

The kitchen-prep area is further equipped with 2-group coffee machine, coffee grinder, 3 x blender mixers, double sink unit, dishwasher, under-counter freezer, under-counter double-door drinks display fridge, single panini press, double panini press, counter-top single induction hob, stainless-steel prep counters, 2-door fridge unit with stainless-steel prep counter with 5-pot saladette, 3-door under-counter fridge with prep-top counter, counter-top double grill, 4-slice toaster, 2 x microwaves, jacket potato oven, racking and shelving

First Floor

Mirroring the ground floor the first floor is used for additional seating and private hire. Comfortably accommodating 20+ covers, the first floor benefits from ceiling-mounted hanging chandelier-type light fittings, wall-mounted speakers, solid wood-type flooring throughout and cottage-style windows at the front and rear, allowing natural light into the building. A door to a wash room with a further internal door into staff/customer toilets. A separate small office area with open doorway to a small staff kitchen

Basement

Currently used as a children play area during opening hours, the basement is also used as a yoga studio along with being available for private hire outside of operating hours. The basement has a separate baking area which is further equipped with an upright freezer, chest freezer and 2 under-counter fridges

Trading Hours

The business currently trades 10 am until 3 pm six days a week, being closed on Sundays, however, we are informed that trading hours are unrestricted and our client previously traded from 9 am until 5 pm. The vendor oversees the business working in a part-time capacity one day a week and is assisted by a full-time chef, a full-time barista and one part-time member of staff

Turnover

We are advised the turnover averages between £2,000 - £2,500 per week and was as high as £3,500 per week pre-covid. Full financial information will be disclosed at our client's discretion on or after a meeting

Business Rates

The premises are subject to a rateable value of £10,250 resulting in zero business rates payable

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

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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Property descriptions and related information displayed on this page are marketing materials provided by - Gilbert & Rose Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Gilbert & Rose Commercial for full details and further information.

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