£130,000
Restaurant for saleRestaurant, Stowmarket IP14
Leasehold
About this property
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Location
The property enjoys a prime trading location in the bustling market town of Stowmarket, nestled within a well established parade of shops. The premises is surrounded by various other independent and big name traders including a Coral betting shop, Superdrug and a Boots to name a few
Tenure
7 Years unexpired on the lease, at a current rental of £20,000 per annum exclusive
Premises
A charming terrace retail shop, boasting a stylish facia board and a sleek glazed frontage, inviting customers into a spacious premises measuring approximately 972 square feet which is arranged as follows:
Upon entry, you're greeted by an ambience of modernity and functionality. The main restaurant area is adorned with elegant wood effect flooring, complemented by spot lighting and enhanced by a refreshing air conditioning system. Presently configured for 38 covers, this versatile space can easily accommodate more patrons if desired. To the left-hand side, an L-shaped counter sets the stage for seamless service
Commercial Kitchen
Behind it lies an expansive commercial kitchen designed for efficiency and culinary excellence, the kitchen features tiled walls and floors, augmented by a robust extractor system, double pizza oven, various stainless steel prep tables, prep table with under counter refrigeration and saladette above, twin basket fryer, pizza prep table with under counter refrigeration, under counter display drinks fridge, till system, 6 burner range, wash hand basin, another stainless steel prep with under counter refrigeration, microwave, coffee machine (leased at £81 pcm), and large double stainless steel fridge. Adjacent to the kitchen, a well-appointed prep room awaits with tiled walls and floors, large double stainless steel sink, dishwasher, stainless steel prep table and large dough mixer.
Dry Store
Beyond, a convenient a further opening leads into a dry store with stainless steel shelving provides organised storage space. A door to the right of this area leads into a corridor with WCs and a small storage cupboard, this area can also be accessed via a door within the restaurant area for customer use also. Another door from the secondary store leads into another store furnished with a large chest freezer, ice cream display freezer, and more stainless steel prep space, catering to various storage needs. A door at the rear leads outside where there is 1 parking space which is rented for £240 per annum
Trading Hours
Monday - Sunday 3pm - 10pm
Staff
The business is run be the vendor on a Part Time basis, with the assistance of 2 Full Time and 3 Part Time members of staff
Turnover
We are advised Turnover averages approximately £7,000 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 £17,750
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction, with the landlord's reasonable 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
Location
The property enjoys a prime trading location in the bustling market town of Stowmarket, nestled within a well established parade of shops. The premises is surrounded by various other independent and big name traders including a Coral betting shop, Superdrug and a Boots to name a few
Tenure
7 Years unexpired on the lease, at a current rental of £20,000 per annum exclusive
Premises
A charming terrace retail shop, boasting a stylish facia board and a sleek glazed frontage, inviting customers into a spacious premises measuring approximately 972 square feet which is arranged as follows:
Upon entry, you're greeted by an ambience of modernity and functionality. The main restaurant area is adorned with elegant wood effect flooring, complemented by spot lighting and enhanced by a refreshing air conditioning system. Presently configured for 38 covers, this versatile space can easily accommodate more patrons if desired. To the left-hand side, an L-shaped counter sets the stage for seamless service
Commercial Kitchen
Behind it lies an expansive commercial kitchen designed for efficiency and culinary excellence, the kitchen features tiled walls and floors, augmented by a robust extractor system, double pizza oven, various stainless steel prep tables, prep table with under counter refrigeration and saladette above, twin basket fryer, pizza prep table with under counter refrigeration, under counter display drinks fridge, till system, 6 burner range, wash hand basin, another stainless steel prep with under counter refrigeration, microwave, coffee machine (leased at £81 pcm), and large double stainless steel fridge. Adjacent to the kitchen, a well-appointed prep room awaits with tiled walls and floors, large double stainless steel sink, dishwasher, stainless steel prep table and large dough mixer.
Dry Store
Beyond, a convenient a further opening leads into a dry store with stainless steel shelving provides organised storage space. A door to the right of this area leads into a corridor with WCs and a small storage cupboard, this area can also be accessed via a door within the restaurant area for customer use also. Another door from the secondary store leads into another store furnished with a large chest freezer, ice cream display freezer, and more stainless steel prep space, catering to various storage needs. A door at the rear leads outside where there is 1 parking space which is rented for £240 per annum
Trading Hours
Monday - Sunday 3pm - 10pm
Staff
The business is run be the vendor on a Part Time basis, with the assistance of 2 Full Time and 3 Part Time members of staff
Turnover
We are advised Turnover averages approximately £7,000 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 £17,750
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction, with the landlord's reasonable 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
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