Cafes for sale in Ipswich

View the "Cool Beanz Coffee House Ipswich IP1 2DE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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John Peacock (Feb 2017)
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Leasehold Price: £79,995 Price Reduced Turnover: £173,619 Gross Profit: £35,103
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Business Description
Business
Hilton Smythe welcomes to the market Cool Beanz, a coffee shop and café which was fully fitted and established by our clients in 2013. This is a genuine sale as our clients have different business interests that they are looking to pursue.

The business serves jacket potatoes, paninis, sandwiches, wraps, tea and coffee and also carrying out external catering for the council offices and other businesses alike. There is a catchment of circa 2,500 workers in the direct area and also the added benefit of being close to Ipswich Town FC.

The premises is also used as a meeting room for the council offices, which brings in further trade. There is also a loyalty reward scheme for hot drinks.

Despite an increase in turnover year on year the business can be developed by introducing a full breakfast menu, opening later in the afternoon.

The business does not have a website or a social media page and these can be added to gain further custom.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Cool Beanz Coffee House is located in the centre of Ipswich, which is the county town of Suffolk. The café and coffee shop is ideally located underneath the Ipswich Borough Council offices and opposite Suffolk County Council offices.

Ipswich town’s ground Portman Road is only a few hundred yards away, making this a fantastic location with high footfall. There is parking to the rear of the premises.

Premises
Outside the premises there is currently 2 bistro tables giving seating for up to 8. There is room for more bistro tables.

The entrance door leads to the main seating area with seating and tables, benches and a breakfast bar for around 40. Past this area there is a soft seating giving further seating for around 20-25. There is a TV on the wall, crisp stand, cold drinks display fridge and sandwich display fridge.

Off the main café area there are toilets with disabled access and there is a door to the rear which gives access to the service area including parking area.

The 5* hygiene rated kitchen has a dishwasher, turbo fan oven, fridge and freezer, preparation tables and sink. There are saloon doors to the servery and a door to the store area with chest freezer, fridge and storage shelving.

The servery area has a till, undercounter fridges and Brasilia coffee machine, sink, toaster, under counter storage, chilled display, heated display and menu board.

Due to the condition's on the lease, extraction fans for odours are not allowed due to businesses above.

Tenure
We are advised the business is being sold as a leasehold business opportunity, with a lease that runs until June 2021 and an annual rent of £11,000.

Hours
The business opening hours:

Monday - Friday: 7.30am – 3.30pm

Cool Beanz is also open for 2 hours before each Ipswich town home match.

The lease permits longer opening hours.

Staff
The business is owned by our client, with the help of a full-time manager and 5 x part time members of staff.

Financial Profile
Cool Beanz generated an advised turnover of circa £173,689 as of the 2017 accounts, with a gross profit of £35,103.

The business has assets of circa £40,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04264
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