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Restaurant for sale

The Green,Walberswick,IP18

Sold STC £100,000
970 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 970 sq ft (90 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • Established cafe/restaurant
  • Prime location in Walberswick
  • Tremendous growth potential
  • Large garden
  • F&F included

Full description

Tenure: Leasehold

LOCATION
Walberswick is a coastal village which offers everyday shopping facilities including a post office/general stores, restaurants, two pubs and village hall whilst more extensive shopping is available at the coastal towns of Southwold and Aldeburgh, approximately 8 miles and 17 miles away respectively. There are golf courses, sailing clubs and numerous restaurants within the vicinity. The coastal village of Dunwich is situated to the south with adjacent forest and the Minsmere Bird Reserve. Communications in the area are good with access to the A12 trunk road approximately 4 miles away and Darsham Station approximately 8 miles offering a connecting line to Ipswich and on to London's Liverpool Street Station.

DESCRIPTION
This delightful tearoom and restaurant is centrally located within the heart of Walberswick village and has an attractive highly visible frontage forming part of the small retail parade of shops on The Green.
The main door leads to the restaurant which has about 40 covers internally, in addition to an extensive patio and garden area which allows for increased demand during the busy summer periods.
The kitchen is at the rear of the restaurant and is spacious, well ventilated and fully equipped with fridge freezers, a cooker, extraction facilities, sinks and work surfaces. All the fixtures and fittings are included in the sale, however this excludes the coffee machine, which is rented, and some of the restaurant furniture which are antiques privately owned by the vendor.

THE BUSINESS
This well presented and popular tea room and restaurant was established by the owner 17 years ago. The business enjoys a strong reputation locally and as such has a high level of regular and repeat trade from locals and holiday makers alike, with tremendous capacity to expand on this business.
The annual turnover at 31st May 2014 was 109,529 which saw an increase from the previous year. (full accounts will be released once a formal viewing has taken place).
The cafe is not open all year, so there is additional scope for greater growth should the new owners wish to extend the opening season.

ACCOMMODATION
The property has the following internal dimensions:

Cafe 54.89sqm (590sqft)
Kitchen 35.28sqm (380sqft)
Stores 11.70sqm (126sqft)
Plus external seating


TERMS
The business is available through the assignment of the existing lease. Lease commenced on the 1st June 2010 for 10 years at a rent of 8,000pa., reviewed every 3 years and currently 8,250pa. The successful purchaser will need to provide 2 business references, a bank reference and a well thought out business plan for the Landlord to consider.

VIEWING STRICTLY BY APPOINTMENT

STAFF
There are 2 full time staff and 10 part time staff which are contracted for busy periods.

EPC
Energy Performance Certificate-Band D (99)

TRADING HOURS
7 days a week
11.00-16.00 March to October
(10.00-18.00 July-August)


FIRE RISK ASSESSMENT
We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are five or more employees, the property is under enactment of a licence or where an alteration notice has been served.

RATES
Rateable value is 8.000 Please contact Suffolk Coastal, Melton Hill, Woodbridge, IP12 1AU Tel: 01394 383789 for further information.

SERVICES
Mains water, electricity and drainage are available. Toilet facilities and kitchen facilities are available. None of the services, including heating, plumbing or electrical systems (nor appliances) have been tested by the Sales Agents.

LEGAL COSTS
Each party is to be responsible for its own legal costs incurred in this transaction.










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