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Restaurant & Takeaway With Accommodation (licenced) In Bury St Edmunds For Sale

Bury St Edmunds, Suffolk, UK
Asking Price:
£79,999
Turnover:
Available on request
Net Profit:
Available on request

Trading from an IMPOSING 2-STOREY SEMI-DETACHED property, occupying a PRIME CORNER PLOT benefiting from a LARGE CUSTOMER CAR PARK and WELL-MAINTAINED GARDENS with PRIVATE SEATING, located in an AFFLUENT PICTURESQUE VILLAGE near BURY ST EDMUNDS, SUFFOLK. The business was OWNER ESTABLISHED IN 2019 by our client who undertook an EXTENSIVE REFURBISHMENT project, with SIGNIFICANT INVESTMENT that has quickly built up a STRONG SOCIAL MEDIA PRESENCE and HIGHLY ENVIABLE REPUTATION amongst a LOYAL & REGULAR CLIENTELE whilst boasting a 5* FOOD HYGIENE RATING. The premises are EXCEPTIONALLY WELL PRESENTED, furnished with QUALITY FIXTURES & FITTINGS in a business that is being sold with a FULL COMPLEMENT OF EQUIPMENT inclusive of a CUSTOM-MADE IMPORTED ESPOSITO FORNI PIZZA OVEN. Currently operating LIMITED TRADING HOURS there is HUGE SCOPE to further increase revenues by extending the trading days/times, adding new menu lines and offering deliveries. The upper parts of the property can be self contained and used as a good sized 2-bedroom apartment or alternatively a separate retail type commercial business. We understand our client previously let the upper parts to a florist at a rate of £950 pcm. This is a STRICTLY CONFIDENTIAL SALE. REF: RX------ - C6670S

Location

The business is located in an affluent village with an independent rural identity, encompassing a section of the River Lark that passes through. The business is immediately sandwiched between two golf courses and in close proximity to a 40+ bedroom hotel, country park and several independent businesses.

Exterior Front

A large, impressive and imposing two-storey, semi- detached property of cobbled stone and brick-type construction with a weatherboard/clad extension and benefitting from high-end corporate branding signage. Externally the premises accommodates 24+ covers with bench-style seating and has well-manicured garden patches with mature hedges. Additionally, the premises benefits from a fully extending manual double canopy, wall-mounted advertising signs, along with a full-width, well-branded display fascia board which is well lit with embossed signage. A large private car park accommodating approximately 8+ vehicles provides direct access into the rear garden area.

Pizzeria

Open-plan and L-shaped in design measuring approximately 980 sq. ft. the main seating area accommodates 22+ covers, is tastefully decorated with high-end furnishings, fixtures & fittings, currently arranged with bespoke signage, wall-mounted display menus, commercial-grade herringbone-type flooring throughout and ceiling-mounted bulb-style hanging feature lights.

Bar

Towards the rear of the main seating area is the BAR serving area with Epos till system (leased at £110 per month) and is fully equipped with a counter-top 2-pump draught beer server, commercial ice machine, commercial dishwasher, 2-door refrigeration unit with stainless-steel prep top, sink unit, Italian Slushie machine, 2-group coffee machine with coffee grinder, under-counter wine display fridge and a 2-door under-counter drinks display fridge. Additional seating to the left-hand side accommodates 8+ covers and provides access into the open plan pizzeria which is fully equipped with an Esposito Forni pizza oven, hand-wash sink, a refrigeration unit, an 8-drawer under-counter fridge and marble-top prep counter. Within this area is a door to CUSTOMER TOILETS (separate gents, ladies' with disabled access and baby-change). Within the pizzeria, full-height double glazed doors lead you into the garden.

Commercial Kitchen

Fully equipped with stainless-steel prep tables, sink unit, commercial dishwasher, large commercial extraction unit, a Lincat 4-ring counter-top induction hob, single fryer, pasta bain-marie, pasta machine, under-counter freezer, 15 kilo mixer, food processor, KitchenAid, blender, 3-door refrigeration unit, stainless-steel prep counter, upright fridge, Rational oven and a hand-wash sink.

Dining Room/Store

Measures 14'08 x 17'05 = approximately 257.69 sq. ft. currently used as overflow benefitting from a large open fire with brick-built surround, some racking, shelving, additional equipment such as pizza box warmer and meat slicer. This room also has a doorway to a separate stairwell leading to upper parts.

Office

Measures 13'09 x 12'04 = approximately 170.61 sq. ft. arranged to accommodate CCTV system, a workstation with a separate internal door to toilet area and hand-wash sink. The office is equipped with a washing-machine.

Rear Garden

Mature trees, shrubbery, part-paved benefitting from a covered and lit pergola for 12+ covers with additional bench-style seating for 8+ covers. A separate private garden which is fenced off accommodates bench-style seating for 32+ covers. Within the garden area, there is a separate fenced off bin refuse area and a single-storey brick-built store room that is further equipped with racking & shelving, 2-door warming cupboard with 3-tier hot pass-through, VM-12 Vac-Pac machine, contact grill, upright fridge and upright freezer. The store has a secure coded door provided to known local delivery drivers with direct access.

First Floor

Internal staircase (can be self-contained with separate entrance) leads you to a large, open-plan space with partition wall and archway, measuring 31'11 x 11'11 = approximately 382.89 sq. ft. that could easily be used as a large living space with dining room or open-plan lounge/kitchen in a modern style.

Bedrooms

Bedroom One / Separate Kitchen: measures 13'11 x 7'0 = approximately 97.92 sq. ft.

Bedroom Two: 10'02 x 10'08 = approximately 109.17 sq. ft.

Master Bedroom: 13'11 x 10'11 = approximately 153.13 sq. ft.

Bathroom

Good-sized Family Bathroom - Part-tiled with bath, glass shower screen, shower, wall-mounted radiator, hand-wash sink, vanity cabinet, low-level WC and a small airing cupboard space.

Trading Hours & Staff

The business currently trades 5 pm till 9 pm Tuesday through to Saturday. Currently closed on Sundays and Mondays. We are advised the trading hours are unrestricted and can be extended.

The vendors, husband and wife, share one full-time role and are assisted by one full-time pizza chef and a bank of ten part-time staff who are on zero hour contracts.

Turnover

Turnover for last 12 months averages £4,500-£4,750 per week working to a high gross profit margin. The year end 31/03/2022 accounts confirm reconstituted net profits in excess of £64,000. Full financial information will be disclosed at our client's discretion on or after a meeting.

Business Rates

The premises is subject to rateable value of £11,000 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 legal costs incurred in the transaction, with the landlord's reasonable legal costs to be split 50/50.

Tenure

The premises are held on a secure 6-year lease commencing 15th April 2019 at a current rental of £24,000 per annum exclusive.

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.

Property Information

Property:

Leasehold