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Hospitality for sale

Peppers Lane, IP9

Leasehold £44,950

Property Description

Commercial information

  • Business for sale

Key features

  • REF 13213
  • LEASEHOLD
  • CATERING BUSINESS

Full description

Tenure: Leasehold

LOCATION
The Main Ingredient (Suffolk) Ltd occupies substantial premises within Suffolk Food Hall, within the village of Wherstead in Ipswich. The food hall is surrounded by picturesque countryside views and is a very popular shopping destination, which generates a very high volume of footfall. The business benefits from excellent car parking facilities.

The village lies 3 miles south of Ipswich, on the Shotley Peninsula. Ipswich is the county town of Suffolk, located on the River Orwell, about 60 miles North-East of London. Ipswich is a vibrant town with a strong heritage. The waterfront offers a marina-side café culture and the town also holds numerous festivals and events.

The area of the property is well-served by the public transport system, with bus stops within easy walking distance, which connect with Ipswich and the surrounding towns and villages. The nearest railway station is Ipswich, which is approximately 2½ miles away. The area is also well served by the A-roads, with the A14 being within easy driving distance, which links to the national A-road and motorway networks. Colchester is approximately 19 miles away and Clacton-on-Sea is 27 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this very popular catering business, which is ideally located within the village of Wherstead, Ipswich.

The business was established by our client in 2006 and is only now, reluctantly, being offered to the market due to our client's desire for a change of lifestyle. The business operates as and when necessary, generating a very healthy turnover in the region of £203,200 per annum, with a gross profit of approximately 54%.

Our client offers catering services throughout the Suffolk, Essex and London areas including weddings, events, parties and private dining. The business offers several menus including BBQs, canapes, finger buffet, a hot buffet and a Greek sharing menu, to name a few.

The business has built up an excellent reputation within the area and further afield for the very high quality of the food and services offered, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.

We feel there is huge potential for future growth. A new owner could embark on a modest marketing campaign to promote the excellent services offered. The business already has a very informative website in place to advertise the business at www.the-main-ingredient.com.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to acquire a very profitable catering business with huge potential for future growth, therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial premises, set within a food hall, briefly comprising:

Large commercial kitchen with:

Combi-oven.
Commercial sink unit.
Extraction system.
6 x burner cooker.
Hobart dishwasher.
Under-counter refrigerator.
Double door commercial refrigerator.
Chest freezer.
2 x upright freezers.
4 x stainless steel preparation tables.
Commercial microwave oven.
Industrial strength racking system (cost£500).
Portable server unit with heat lamp.
Large commercial hot cupboard.
Portable 6 x burner gas oven.
Miscellaneous catering kitchen equipment.

Office/store room with:

Desks and seating.
Rear door vehicle access, with parking for one vehicle.

The price also includes glassware for functions (approximately 1,000 items).

Vehicles:

Nissan Interstar van 2010 (approx. £2,500).

TENURE
We are advised Leasehold:

Original lease length: 6 years
Remaining lease length: 2 years, as of October 2016
Rent: £6,117 per annum

HOURS
The business operates as and when needed.

STAFF
The business is owner run and managed with 1 x full time staff member.

FINANCIAL PROFILE
The business generates a very healthy turnover in the region of £203,200 per annum, with a gross profit of approximately 54%.


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