Brentgovel Street, Bury St. Edmunds, IP33

Location

Positioned along Brentgovel Street in the historic heart of Bury St Edmunds, this characterful commercial premises occupies a prominent and easily accessible town centre location. Brentgovel Street is a well-established thoroughfare linking the retail core with surrounding residential neighbourhoods, benefitting from consistent pedestrian movement and convenient vehicular access.

The Business

A very well-established daytime trading cafe/coffee house that serves all-day breakfast, brunch and lunch with a menu to include jacket potatoes, paninis, salads, sandwiches, baguettes, coffee, cakes, including homemade scones, homemade chilli, curry, soup etc. (no frying undertaken although full A3). There is obvious potential to obtain a premises licence to sell alcohol and trade evenings if required.. The business is being sold due to retirement.

Premises

An attractive semi-detached two storey property with Georgian-style double frontage, internally measuring approx. 1,084 sq. ft.. The premises are arranged as follows: 

Premises - Ground Floor

FORECOURT SEATING providing 24 - 32 covers with laminate-top tables, chairs and parasols to suit. CAFE/COFFEE HOUSE providing 20 covers to the ground floor and open plan serving/preparation area equipped with counter unit incorporating refrigerated storage/sandwich fillings Bain-Marie, hot display cabinet, ambient cake display, electric cash register, 2 Velux panini machines, 2 commercial microwaves, 4 pot Bain-Marie, Lincat extraction hood, Burco water boiler, Expobar 2 group coffee machine with separate grinder, Blendtec smoothie/milkshake maker, 1 wall-mounted air conditioning unit with heat pump. SEPARATE TRADE KITCHEN equipped with a Rationale oven, stainless steel preparation tables and racking, stainless steel deep bowl sink unit, commercial dishwasher, separate wash hand basin, Foster stainless steel fridge, Foster stainless steel freezer, fire exit to a rear shared storage area.

Premises - First Floor

Internal staircase rising to 

FIRST FLOOR SEATING providing an additional 30 covers, wall-mounted air conditioning unit with heat pump. UNISEX CUSTOMER WC with wash hand basin. STAFF WC with wash hand basin. SMALL STOCK ROOM. 

Trading Hours

Monday to Friday 8.00 a.m. to 4.00 p.m. Saturday 8.00 a.m. to 4.00 p.m. Sunday 9.00 a.m. to 4.00 p.m.



There is obvious potential to increase opening hours with the possibility to also include evening trade.

Staff

The business is run by a hands-on vendor/manager, 1 kitchen, 3 front of house and Saturday staff. Wage bill approximately £1,000 - £1,100 per week.

Turnover

We are advised that gross takings average £6,000 per week working to the usual high gross profit margins. Accounts will be supplied to seriously interested applicants following inspection of the business.

Lease

We are advised by our client that the premises are subject to an open 7-year lease from 2021 with at a current rental of £23,000 per annum exclusive.



We are advised the Landlord may be open to a new lease

Business Rates

We are advised by the Vendor business rates are approximately £8,000

Legal Costs

Each party are to be responsible for their own plus 50% of the landlord's legal costs incurred in this transaction.



Should the Landlord require references, Gilbert & Rose will undertake the necessary referencing process, subject to a non-refundable administration fee of £250.00 plus VAT.

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.