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Leisure/hospitality for sale

£77,750

Ipswich, Suffolk IP1

Leisure/hospitality for sale
Interested in this property? Call +44 1603 963504 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description



Emf are happy to present for sale Blends Café located in Ipswich, Suffolk - this is one for the coffee lovers! After 22 years of successful trading, the owners are now looking to retire and for a new owner to carry on the legacy which they have built. Situated in a fantastic high-street location with regular foot-fall, the café is warm and welcoming, serving a regular and loyal customer base in the heart of the town centre. Offering an inviting menu serving a variety of food and drink items, Blends is renowned for its high standards and exceptional service, making it loved within the community and on social media platforms alike. If this is the business for you, please get in touch to learn more.

The business

Blends Café offers a diverse menu catering for breakfast, lunch, desserts and drinks, with an alcohol licence permitting alcoholic drinks to be served with food. It is clear that the business has been well-run by the current owners, boasting a 5-star food hygiene rating and favourable reviews on social media. Weekly takings are currently in the region of circa £4,500, reflecting the café's popularity and robust customer base.

With a strong foundation, the business presents numerous opportunities to increase revenue, with options such as Sunday opening, extended weekday and Saturday hours, takeaway and delivery services, themed evenings, parties or special occasions being possibilities.

The current owners may be willing to stay on and work part-time within the business with a new owner for a limited period of time, to ensure a smooth handover and seamless transition.

Premises

Offering a ground floor and basement for additional storage, the total area is circa 96m2 of space, with a rateable value of £11,500.

The ground floor retail area is divided into:

· Zone A: 34.6m2
· Zone B: 15.3m2
· Zone C: 11.7m2

The basement floor provides additional internal storage with:

· 10.4m2
· 15.5m2
· 8.5m2

The premises can accommodate 30 covers inside, with a further 9 outside, are air-conditioned and are situated a minute's walk to the Buttermarket Indoor Shopping Centre complex, which offers a large car park making it a convenient location for customers. It has also been recently announced that 5 retailers are set to move into the former bhs store opposite, which will only increase footfall.

Additionally, there is a Rational oven and 2-deck pizza oven available for purchase by separate negotiation.

This well-presented café offers a new owner a fantastic opportunity - contact us at your earliest convenience.



additional information

agents note: This is a business for sale as a going concern, not an empty premises for sale or let.

Confidential information: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

Reference number: TR39566E

opening hours: Monday to Friday, 8:30am to 3:00pm. Saturday, 8:00am to 3:30pm. Closed Sunday.

Tenure: Leasehold. Approximately 8 years remaining on the lease which ends in 2033, with the option to renew.

The purchaser will be responsible for the landlords costs and fees in connection with the assignment of the lease.

Rent payable: £18,000 less £2,000 rebate, £16,000 + VAT per annum.

Rates payable: Nil. We are advised that the business benefits from Small Business Rate Relief.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

Staff: 7 staff in total (3 of which are Saturday only). Correct at the time of listing.

EPC: Energy Performance Certificate shows a rating of ‘35/B’ and expires 10th June 2034. Full Energy Performance Certificate available on request.

Price: £77,750 + Stock at Valuation.

For the benefit of the leasehold, goodwill of the business, fixtures, fittings and equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

Viewing: Strictly by appointment only, please get in touch to make an appointment.

Finance: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

Business to sell: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

Premier marketing: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.



disclaimer

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Arrange Viewing

For more information about this property, please contact
Everett Masson & Furby, NR1 on +44 1603 963504 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Everett Masson & Furby, and do not constitute property particulars. Please contact Everett Masson & Furby for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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