The business has been Established 50+ years with our client owning / operating the business for the last 11 years and prior to owning the business, she was an employee for over 14 years. The business is Fully equipped throughout and offers a specially selected and varied menu to customers, as well as a deli counter with meats, cheeses, cakes, pastries, savouries and olives, surrounded by the niche retail arm of the business which includes oils, vinegars, jams, preserves, chutneys, crackers, condiments, seasonings, biscuits, and hampers. Huge potential to increase revenues by introducing an alcohol licence and extending the trading days / times. The business also offers Outside catering along with Telephone orders and Lunch buffets which are plated up for collection. An early Viewing is advised to avoid missing this opportunity.
Location
The business trades from an extremely good high street position within this popular ancient market town in south Suffolk, located on the outskirts of Ipswich. The shop has high levels of passing trade, is very well known throughout the surrounding area and complemented by a vibrant mix of independent retailers along with other major high street brands.
Tenure
new lease is available for a term to be agreed. Our client's current rent is payable at £8,000 per annum, exclusive; however, this would be reviewed for a new lease.
Exterior Front
Trading from an attractive Grade II listed terraced retail premises with fascia board, quaint glazed single frontage, and a half-glazed entrance door leading into the premises, which measures approximately 395 sq. ft. and is arranged as follows:
Sandwich Bar/Deli
Internally providing a sales area measuring approximately 285 sq. ft. Benefitting from exposed wood flooring, quality traditional wood shelving to walls and window displays, refrigerated serve-over counter with cold storage below, a chalkboard-style menu, exposed beams, and selective displays further equipped with meat slicer, scales, coffee machine (leased) under-counter freezer and drinks display fridge.
Preparation Area
Behind the serving area is an open doorway to a Preparation area measuring approximately 100 sq. ft., fully equipped with a 3-door refrigeration unit with marble top and 10-pot refrigerated salad deck above, microwave, Baby Bellini mini oven with 2-hob induction, upright fridge/freezer, hand wash basin, under-counter freezer, double Panini press, 2-slice toaster, and an under-counter fridge.
Rear/Basement Areas
Towards the rear of the premises behind the preparation area is a small lobby with an internal door leading you to a staff WC with hand wash basin and a separate internal door leading you to the shared rear Courtyard with alleyway access and bin storage. The premises also benefits from a Basement storage area.
Staff & Trading Hours
The vendor works full-time, assisted by 1 full-time and various part-time staff members. 8 am to 4 pm Monday to Saturday. The business is currently closed on Sundays.
Turnover
Gross turnover averages £4,863 per week, with the most recent year-end accounts for March 31, 2023, confirming a net turnover of £210,741. Full financial information will be disclosed at our client's discretion, during or after a meeting.
Business Rates
The premises are subject to a rateable value of £4,450, resulting in zero business rates payable should small business rate relief apply to a purchaser.
Legal Costs
Each party is to be responsible for their own, with the landlord's legal costs involved in the surrendering of the existing lease being the responsibility of the vendor and the landlord's legal costs involved in the granting of the new lease being the responsibility of the purchaser.
