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£0 £1000000

High Street Café Ipswich

Ipswich, Suffolk

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Sold

£26,000 +SAV

Ref: 13798 G

Leasehold

Overview

The business is a cafe catering for breakfasts and lunches 6 days a week. The menu has a top price of £6.99 with the average price of around £5 for food plus any drinks. There is also a children's menu. The menu includes a generous amount of fayre, this includes, full English breakfasts, jacket potatoes, salads, burgers, sandwiches and much more. The business has been established for around two years in this location, and boasts a generous amount of repeat loyal trade. The cafe is now being sold as our client looks to buy properties abroad. There is no website, however there is a business Facebook page, this is regularly updated and had over 50 followers. There is scope for development as the menu could be upgraded and the hours could be extended to gain more breakfast trade.

Turnover
Star Express Café generated an advised turnover of circa £88,000 as of the 2016 accounts, with a gross profit of 67%.

The café is run and managed by our client with help from a cook and two part time waitresses.

Current opening hours: - Monday to Saturday: 8.30am - 5pm The owner used to open Sunday's but has cut back to suit his lifestyle.The hours could be extended in the morning to gain more breakfast trade also Sunday opening would be beneficial.

Star Express Café is located in Ipswich, Suffolk. Located on a busy street only a few hundred yards from Tower Ramparts Shopping Centre with a bus stop for bus numbers 8, 9, 10, 17, 19, 38, 111, 120 & A14 directly outside. There are ample retail outlets in this location. The area also receives a generous amount of daily footfall and passing trade. The cafe backs onto the Wolsey Theatre and both the Wolsey & Spiral car parks.

The business has a main food hall with seating for 50 customers. The kitchen is open to the main food hall area and has a cooker, freezer, cold drinks machine and coffee machine. The cafe is rated 5* for hygiene. There are separate male and female toilets. An internal store room/washing up area. An external store currently housing 4 chest freezers.

Tenure
We are advised the business is a Leasehold opportunity. 20 year lease from16/03/2009.£14,000 per annum rent paid quarterly.£500 business rates.

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