£84,995
Restaurant for sale
Property photos
£84,995
Restaurant for sale
Brentgovel Street, Bury St. Edmunds IP33Available immediately
Local area information
Property location
Nearby amenities
- Guildhall Feoffment Community Primary School 0.3 miles
- St Edmund's Catholic Primary School 0.4 miles
- Bury St Edmunds 0.5 miles
- Thurston 4.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Bury St Edmunds to find out more about the local area.
Features and description
A very well known and an extremely popular cafe occupying 50 covers inside, 24 - 32 covers alfresco. Easy breakfast, brunch and lunch menu and with full A3 use there is scope to expand the menu, obtain a premises licence and trade evenings if required. Healthy takings averaging £6,000 per week. Open lease, realistic rent for this busy trading position of just £24,000 per annum. Must be seen and a great business for the right applicants
Location
Positioned along Brentgovel Street in the historic heart of Bury St Edmunds, this characterful commercial premises occupies a prominent and easily accessible town centre location. Brentgovel Street is a well-established thoroughfare linking the retail core with surrounding residential neighbourhoods, benefitting from consistent pedestrian movement and convenient vehicular access
The Business
A very well-established daytime trading cafe/coffee house that serves all-day breakfast, brunch and lunch with a menu to include jacket potatoes, paninis, salads, sandwiches, baguettes, coffee, cakes, including homemade scones, homemade chilli, curry, soup etc. (no frying undertaken although full A3). There is obvious potential to obtain a premises licence to sell alcohol and trade evenings if required.. The business is being sold due to retirement
Premises
An attractive semi-detached two storey property with Georgian-style double frontage, internally measuring approx. 1,084 sq. Ft.. The premises are arranged as follows:
Premises - Ground Floor
Forecourt seating providing 24 - 32 covers with laminate-top tables, chairs and parasols to suit. Cafe/coffee house providing 20 covers to the ground floor and open plan serving/preparation area equipped with counter unit incorporating refrigerated storage/sandwich fillings Bain-Marie, hot display cabinet, ambient cake display, electric cash register, 2 Velux panini machines, 2 commercial microwaves, 4 pot Bain-Marie, Lincat extraction hood, Burco water boiler, Expobar 2 group coffee machine with separate grinder, Blendtec smoothie/milkshake maker, 1 wall-mounted air conditioning unit with heat pump. Separate trade kitchen equipped with a Rationale oven, stainless steel preparation tables and racking, stainless steel deep bowl sink unit, commercial dishwasher, separate wash hand basin, Foster stainless steel fridge, Foster stainless steel freezer, fire exit to a rear shared storage area
Premises - First Floor
Internal staircase rising to
first floor seating providing an additional 30 covers, wall-mounted air conditioning unit with heat pump. Unisex customer WC with wash hand basin. Staff WC with wash hand basin. Small stock room.
Trading Hours
Monday to Friday 8.00 a.m. To 4.00 p.m. Saturday 8.00 a.m. To 4.00 p.m. Sunday 9.00 a.m. To 4.00 p.m.
There is obvious potential to increase opening hours with the possibility to also include evening trade
Staff
The business is run by a hands-on vendor/manager, 1 kitchen, 3 front of house and Saturday staff. Wage bill approximately £1,000 - £1,100 per week
Turnover
We are advised that gross takings average £6,000 per week working to the usual high gross profit margins. Accounts will be supplied to seriously interested applicants following inspection of the business
Lease
We are advised by our client that the premises are subject to an open 7-year lease from 2021 with at a current rental of £23,000 per annum exclusive.
We are advised the Landlord may be open to a new lease
Business Rates
We are advised by the Vendor business rates are approximately £8,000
Legal Costs
Each party are to be responsible for their own plus 50% of the landlord's legal costs incurred in this transaction.
Should the Landlord require references, Gilbert & Rose will undertake the necessary referencing process, subject to a non-refundable administration fee of £250.00 plus VAT
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
Positioned along Brentgovel Street in the historic heart of Bury St Edmunds, this characterful commercial premises occupies a prominent and easily accessible town centre location. Brentgovel Street is a well-established thoroughfare linking the retail core with surrounding residential neighbourhoods, benefitting from consistent pedestrian movement and convenient vehicular access
The Business
A very well-established daytime trading cafe/coffee house that serves all-day breakfast, brunch and lunch with a menu to include jacket potatoes, paninis, salads, sandwiches, baguettes, coffee, cakes, including homemade scones, homemade chilli, curry, soup etc. (no frying undertaken although full A3). There is obvious potential to obtain a premises licence to sell alcohol and trade evenings if required.. The business is being sold due to retirement
Premises
An attractive semi-detached two storey property with Georgian-style double frontage, internally measuring approx. 1,084 sq. Ft.. The premises are arranged as follows:
Premises - Ground Floor
Forecourt seating providing 24 - 32 covers with laminate-top tables, chairs and parasols to suit. Cafe/coffee house providing 20 covers to the ground floor and open plan serving/preparation area equipped with counter unit incorporating refrigerated storage/sandwich fillings Bain-Marie, hot display cabinet, ambient cake display, electric cash register, 2 Velux panini machines, 2 commercial microwaves, 4 pot Bain-Marie, Lincat extraction hood, Burco water boiler, Expobar 2 group coffee machine with separate grinder, Blendtec smoothie/milkshake maker, 1 wall-mounted air conditioning unit with heat pump. Separate trade kitchen equipped with a Rationale oven, stainless steel preparation tables and racking, stainless steel deep bowl sink unit, commercial dishwasher, separate wash hand basin, Foster stainless steel fridge, Foster stainless steel freezer, fire exit to a rear shared storage area
Premises - First Floor
Internal staircase rising to
first floor seating providing an additional 30 covers, wall-mounted air conditioning unit with heat pump. Unisex customer WC with wash hand basin. Staff WC with wash hand basin. Small stock room.
Trading Hours
Monday to Friday 8.00 a.m. To 4.00 p.m. Saturday 8.00 a.m. To 4.00 p.m. Sunday 9.00 a.m. To 4.00 p.m.
There is obvious potential to increase opening hours with the possibility to also include evening trade
Staff
The business is run by a hands-on vendor/manager, 1 kitchen, 3 front of house and Saturday staff. Wage bill approximately £1,000 - £1,100 per week
Turnover
We are advised that gross takings average £6,000 per week working to the usual high gross profit margins. Accounts will be supplied to seriously interested applicants following inspection of the business
Lease
We are advised by our client that the premises are subject to an open 7-year lease from 2021 with at a current rental of £23,000 per annum exclusive.
We are advised the Landlord may be open to a new lease
Business Rates
We are advised by the Vendor business rates are approximately £8,000
Legal Costs
Each party are to be responsible for their own plus 50% of the landlord's legal costs incurred in this transaction.
Should the Landlord require references, Gilbert & Rose will undertake the necessary referencing process, subject to a non-refundable administration fee of £250.00 plus VAT
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
Floor plans and tours
Floor plans (1)
More information
Listed by
Gilbert & Rose Commercial
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