High Street, Leiston, IP16

Location

The premises is strategically positioned in a prime trading area, benefiting from substantial vehicular and pedestrian traffic. It is surrounded by a diverse array of businesses, including a pharmacy, a hair salon, and a launderette, among others.

Tenure

We are advised there are approximately 4 years unexpired on the lease at a current rental of £8,000 per annum exclusive.

Premises

With an enclosed FORECOURT SEATING AREA which currently accommodates 8 covers, but could accommodate more if required, wall mounted signage and single entrance door leading into the premises that measures approximately 602 Sq. Ft. and is arranged as follows:

ENTRYWAY measuring approximately 4ft' 3" x 4' 2"  = 18 sq. ft. which leads into the MAIN SALES AREA measuring approximately 28' 8" x 12' 4" = 356 sq. ft. with spot lighting and currently arranged for 16 covers, but could accommodate more if required. To the right hand side is a serve over counter with chilled cake display stand, till system, 2 group coffee machine, coffee grinder, pastry display stand, large display drinks fridge, double stainless steel sink, under counter display fridge, commercial blender, juice maker, ice maker, and product display shelving. The premises also benefits from an integrated sound system and CCTV.

Kitchen and Store Room

At the rear of the main sales area is a walkway which measures approximately 5'5" x 3' = 17 sq. ft. with 3 doors off this area, the door directly to the front leads into a WC which measures 4' 2" x 5' 11" = 25 sq. ft. the door on the right leads into a STORE ROOM measuring approximately 2' 11" x 4' 7" = 14 sq. ft. & 9' 9" x 7' 8" = 76 sq. ft. equipped with large double chest freezer, chest freezer, 2 x large upright fridges and a wash hand basin. The door off the left hand side leads into a KITCHEN which measures approximately 12' 3" x 9' 2 " = 113 sq. ft. equipped with stainless steel prep tables, commercial microwave, 2 x single basket fryer, meat slicer, griddle, 5 burner range, extraction, stainless steel sink, oven and toaster. A door at the rear of this area leads outside to a shared COURTYARD AREA which houses an external shed type STORE which measures approximately 7' 7" x 9' 5" = 72 sq. ft. with shelving and a large display chest freezer.

Trading Hours

Monday - Friday 9 am - 4:30 pm Saturday 9 am - 4 pm Sunday 10 am - 3 pm. The premises is licensed for the sale of alcohol between the hours of 9 am - 10 pm.

Staff

The business is run by a husband and wife couple only.

Turnover

We are advised turnover averages £1,500 - £1,800 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 £7,450 resulting in zero business rates payable, should small business rate relief apply to a purchaser.

Legal Costs

Each party to be responsible for their own, with the landlords legal cost 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.