Property photos
£50,000
Restaurant for sale
Hadleigh, Ipswich IP7Local area information
Property location
Nearby amenities
- Hadleigh Community Primary School 0.2 miles
- St Mary's Church of England Primary School, Hadleigh 0.3 miles
- Manningtree 7.6 miles
- Ipswich 8.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
The business has been established 50+ years with our client owning / operating the business for the last 11 years and prior to owning the business, she was an employee for over 14 years. The business is fully equipped throughout and offers a specially selected and varied menu to customers, as well as a deli counter with meats, cheeses, cakes, pastries, savouries and olives, surrounded by the niche retail arm of the business which includes oils, vinegars, jams, preserves, chutneys, crackers, condiments, seasonings, biscuits, and hampers. Huge potential to increase revenues by introducing an alcohol licence and extending the trading days / times. The business also offers outside catering along with telephone orders and lunch buffets which are plated up for collection. Cost of Stock to be paid on Completion. An early viewing is advised to avoid missing this opportunity. Ref: RX281833 - C6762S
Location
The business trades from an extremely good high street position within this popular ancient market town in south Suffolk, located on the outskirts of Ipswich. The shop has high levels of passing trade, is very well known throughout the surrounding area and complemented by a vibrant mix of independent retailers along with other major high street brands
Tenure
New lease available for a term to be agreed. Our client's current rent is payable at £8,000 per annum exclusive, however, this would be reviewed for a new lease
Exterior Front
Trading from an attractive Grade II listed terraced retail premises with fascia board, quaint glazed single frontage, half glazed entrance door leading into the premises which measures approximately 395 sq. Ft. And is arranged as follows:
Deli/Sandwich Bar
Internally providing a sales area measuring approximately 285 sq.ft. Benefitting from exposed wood flooring, quality traditional wood shelving to walls and window display, refrigerated serve-over counter with cold storage below, till, chalk board style menu, exposed beams, selective displays further equipped with meat slicer, scales, coffee machine (leased) under-counter freezer and drinks display fridge.
Preparation Area
Behind the serving area is an open doorway to a preparation area measuring approximately 100 sq.ft. Fully equipped with a 3-door refrigeration unit with marble top and 10-pot refrigerated salad deck above, microwave, Baby Bellini mini oven with 2-hob induction, upright fridge/freezer, hand wash basin, under-counter freezer, double Panini press, 2-slice toaster, and an under-counter fridge
Rear/Basement Areas
Towards the rear of the premises behind the preparation area is a small lobby with an internal door leading you to a staff WC with hand wash basin and a separate internal door leading you to the shared rear courtyard with alleyway access and bin storage. The premises also benefits from a basement storage area
Staff & Trading Hours
The vendor works full time, assisted by 1 full-time and various part-time members of staff. 8 am to 4 pm Monday to Saturday. The business is currently closed on Sundays
Turnover
Gross turnover averages £4,863 per week with the most recent year end accounts of 31st March 2023 confirming a net turnover of £210,741. Full financial information will be disclosed at our client's discretion, on or after a meeting
Business Rates
The premises is subject to a rateable value of £4,450 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 involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlord's legal costs involved in the granting of the new lease to be the responsibility of the purchaser
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 business trades from an extremely good high street position within this popular ancient market town in south Suffolk, located on the outskirts of Ipswich. The shop has high levels of passing trade, is very well known throughout the surrounding area and complemented by a vibrant mix of independent retailers along with other major high street brands
Tenure
New lease available for a term to be agreed. Our client's current rent is payable at £8,000 per annum exclusive, however, this would be reviewed for a new lease
Exterior Front
Trading from an attractive Grade II listed terraced retail premises with fascia board, quaint glazed single frontage, half glazed entrance door leading into the premises which measures approximately 395 sq. Ft. And is arranged as follows:
Deli/Sandwich Bar
Internally providing a sales area measuring approximately 285 sq.ft. Benefitting from exposed wood flooring, quality traditional wood shelving to walls and window display, refrigerated serve-over counter with cold storage below, till, chalk board style menu, exposed beams, selective displays further equipped with meat slicer, scales, coffee machine (leased) under-counter freezer and drinks display fridge.
Preparation Area
Behind the serving area is an open doorway to a preparation area measuring approximately 100 sq.ft. Fully equipped with a 3-door refrigeration unit with marble top and 10-pot refrigerated salad deck above, microwave, Baby Bellini mini oven with 2-hob induction, upright fridge/freezer, hand wash basin, under-counter freezer, double Panini press, 2-slice toaster, and an under-counter fridge
Rear/Basement Areas
Towards the rear of the premises behind the preparation area is a small lobby with an internal door leading you to a staff WC with hand wash basin and a separate internal door leading you to the shared rear courtyard with alleyway access and bin storage. The premises also benefits from a basement storage area
Staff & Trading Hours
The vendor works full time, assisted by 1 full-time and various part-time members of staff. 8 am to 4 pm Monday to Saturday. The business is currently closed on Sundays
Turnover
Gross turnover averages £4,863 per week with the most recent year end accounts of 31st March 2023 confirming a net turnover of £210,741. Full financial information will be disclosed at our client's discretion, on or after a meeting
Business Rates
The premises is subject to a rateable value of £4,450 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 involved in the surrendering of the existing lease to be the responsibility of the vendor and the landlord's legal costs involved in the granting of the new lease to be the responsibility of the purchaser
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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