1 bedroom leisure facility for saleStar Lane, Ipswich, Suffolk, IP4
- Boutique bowling and dining venue
- Unopposed business with growth potential
- Central location, private parking
- Five automatic pin setter lanes
- 70 cover restaurant and bars
The business was established by our clients in 2013 within a warehouse property which now provides a unique destination business comprising of three bowling lane alleys plus a further two bowling lane alleys for private functions and events. In addition there is an American themed diner, bar and games area. The concept is completely unopposed and has become a popular venue attracting individuals, families and corporate companies. The business is set up for walk in trade and regularly hosts private parties, corporate and team building events and Christmas parties. Along with the bowling the business has a number of large LED screens, showing live sporting events via Sky, BT Sport and Box Nation. The American themed restaurant provides a full a la carte themed menu around gourmet burgers with the bar providing an array of drinks and cocktails. The business is now well established as a bespoke venue in Ipswich that our client has decided to sell in order to concentrate on other non competing core businesses.
Income is building with sales anticipated to reach circa £500,000 net of VAT by the year end of March 2017. The business is being sold as a going concern to include all trade fixtures and fittings. Full trading information will be available following a formal viewing. Interested parties may wish to view our clients website which provides additional information and photographs at www.bearsbaripswich.co.uk.
Ground Floor Covered entrance via panelled glazed doors leading to a reception area with sofa seating. There is a games area providing table tennis, table football, arcade games and a pool table. Restaurant - American style booth seating for 65-80 covers and a further loose tables and chairs configuration. Bar - sofa seating and tables, bar servery - long bar with stool seating, bottle refrigeration and glass washer. Adjacent DJ booth. Level beer cellar. Accessible WC. Utility/storage cupboards. A fully equipped open trade kitchen is located at the rear of the restaurant, it is extensively fitted with a range of stainless steel equipment with canopy extraction hood, fryers, griddle, hotplate, Bain Marie and Rationale oven. Under counter refrigeration with stainless steel counters above. Wash up area. Bowling Three lanes located to the side of the reception with perimeter seating.
First Floor Reception area
Separate LADIES AND GENTLEMENS WC's, STAFF ROOM and STORAGE. Function/Private Room with two lanes, BAR SERVERY and perimeter seating for 60 with tables. Access onto a balcony with views of the marina and stairs down to ground floor. STORE ROOM. External There are ten private and marked car parking spaces with patio area and table seating.
Leasehold. The property is held on the demise of a 10 year lease with security of tenure provisions of section 24-28 of the Landlord and Tenant Act 1954. There are five yearly rent reviews. The lease commenced in July 2013. Current rent is £22,689.50 for the third and fourth years of the lease rising to £25,545 per annum for years five and six and then subject to review. The car spaces are separately leased at £1500 per annum for 10 years from July 2013.
A premises licence prevails, the main licensable activities being:-
Indoor sports events.
Late night refreshment.
Sale by retail of alcohol.
Permitted opening hours:
Mon - Sun 10am to 1am
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