Coffee Shop & Tea Room, Ipswich, Suffolk

Location

The premises is situated in an enviable trading location just off the high street, offering high levels of footfall, surrounded by a multitude of big name traders and independent businesses.

Tenure

We are advised there are 3 years remaining on the lease as of May 2024 at a current rental of £8,000 per annum exclusive, with a further £300 per annum paid to the council for the use of the courtyard to the rear.

Premises

External seating for 6 covers, traditional-style frontage in a building dating back to the 15th century, windows and a single entrance door leading into the premises which measures approximately 705 sq. ft. and is arranged as follows:

Main Sales Area

Currently arranged for 16 covers with wood-style flooring, spotlighting, various cabinets and shelving displays showing retail products for sale. Towards the rear of this area is a small counter, behind which is the retail coffee and tea display area, this area is equipped with display shelving and scales to weigh out the teas/coffees. A staircase from this area leads upstairs to a further seating area currently arranged for 17 covers. There are two doors off this area, one leads into a STAFF ROOM/STOCK ROOM and the other into a WC.

Kitchen/Prep Area

A door at the rear of the main sales area leads through to a small KITCHEN/PREP AREA equipped with 2-group coffee machine, coffee grinder, microwaves and 2 x stainless-steel sinks.

Courtyard

A door off this area leads out to a COURTYARD which our client utilises during the warmer months for a further outside seating area.

Staff & Trading Hours

The business is run by the vendor on a full-time basis, with the assistance of 4 full time members of staff and 3 part time Saturday staff. Monday to Friday 9.30 am to 3.30 pm. Saturday 9.30 am to 5 pm. Closed on Sundays.

Turnover

Gross turnover averages approximately £3,372 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 £7,100 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 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.