Property photos
£29,000
Restaurant for sale
Northgate Street, Ipswich IP1Local area information
Property location
Nearby amenities
- St Matthew's Church of England Voluntary Aided Primary School, Ipswich 0.1 miles
- Westbridge Academy 0.3 miles
- Ipswich 0.4 miles
- Derby Road (Ipswich) 1.6 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 local area.
Features and description
Are you ready to brew up success in Ipswich's vibrant food scene? Look no further! This is your chance to own a well-loved coffee shop and sandwich bar in the heart of Ipswich which has been trading for approximately 28 years. The business is fully equipped and operational, ready for you to step in and start making profits from day one. With a loyal customer base and opportunities for expansion by simply extending the trading hours, the sky's the limit for this thriving business. The business boasts a 5* Just Eat rating, 4.7* Facebook rating and 4.4* google review. RX366834
Location
The property enjoys an exceptional trading location just off the main town centre, capitalising on significant foot traffic and passing vehicles. It is surrounded by a diverse range of businesses, such as a Cash Converters, barber shop, and Coral betting shop, amongst others
Tenure
The premises is subject to a 9 year lease from August 2019 at a current rental £12,000 per annum exclusive
Premises
A terrace retail shop with facia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 489 sq.ft. And is arranged as follows:
Main sandwich bar area with suspended ceiling, panel lighting, large double pepsi max display fridge, 2 x under counter freezers, crisp display stand, 2 x breakfast bar seating, 3 x under counter fridges, serve over counter and chilled display serve over counter behind which is a preparation area
Preparation Area
The preparation area which is equipped with 2 x microwaves, 2 x panini press, induction hob, toaster, salamander grill, oven, 2 group coffee machine with integrated coffee grinder, coffee maker, hot water dispenser, wash hand basin, double stainless steel sink, dishwasher, till system and fridge freezer. At the rear of this area is an opening which leads through to a customer seating area currently arranged for 18 covers. A door at the rear of this area leads into a WC. A door off the right hand side of the seating area leads into a corridor with door at the end leading to an outside covered seating area. There is a further door from this area which leads into a store room which is where the outside furniture is stored when not used
Trading Hours
Monday - Saturday 7am - 2:30 pm. Closed on Sundays
Staff
The business is run by the vendors on a full time basis, with the assistance of 1 full time and 3 part time members of staff
Turnover
We are advised Turnover averages £2,000 - £2,500 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 £11,000 resulting in zero business rates payable, should small business rate relief apply to a purchaser
Legal Costs
Each party are to be responsible for their own, with the landlord's 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
Location
The property enjoys an exceptional trading location just off the main town centre, capitalising on significant foot traffic and passing vehicles. It is surrounded by a diverse range of businesses, such as a Cash Converters, barber shop, and Coral betting shop, amongst others
Tenure
The premises is subject to a 9 year lease from August 2019 at a current rental £12,000 per annum exclusive
Premises
A terrace retail shop with facia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 489 sq.ft. And is arranged as follows:
Main sandwich bar area with suspended ceiling, panel lighting, large double pepsi max display fridge, 2 x under counter freezers, crisp display stand, 2 x breakfast bar seating, 3 x under counter fridges, serve over counter and chilled display serve over counter behind which is a preparation area
Preparation Area
The preparation area which is equipped with 2 x microwaves, 2 x panini press, induction hob, toaster, salamander grill, oven, 2 group coffee machine with integrated coffee grinder, coffee maker, hot water dispenser, wash hand basin, double stainless steel sink, dishwasher, till system and fridge freezer. At the rear of this area is an opening which leads through to a customer seating area currently arranged for 18 covers. A door at the rear of this area leads into a WC. A door off the right hand side of the seating area leads into a corridor with door at the end leading to an outside covered seating area. There is a further door from this area which leads into a store room which is where the outside furniture is stored when not used
Trading Hours
Monday - Saturday 7am - 2:30 pm. Closed on Sundays
Staff
The business is run by the vendors on a full time basis, with the assistance of 1 full time and 3 part time members of staff
Turnover
We are advised Turnover averages £2,000 - £2,500 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 £11,000 resulting in zero business rates payable, should small business rate relief apply to a purchaser
Legal Costs
Each party are to be responsible for their own, with the landlord's 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
More information
Listed by
Gilbert & Rose Commercial
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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.