High Street, Leiston, Suffolk, IP16

LOCATION
Leiston is situated approximately 4 miles to the east of Saxmundham and the A12, and 4 miles to the north west of Aldeburgh. The A12 provides road communications with the county town of Ipswich, which is 25 miles to the south.

DESCRIPTION
The property is in a prime highly visual location in the town, with plenty of pedestrian and vehicle passing trade and close to a public carpark
The property has large glazed frontage, with an initial retail area of 31.8sqm leading to 105sqm of seating offering 28 covers.

BUSINESS
Located in the heart of Leiston, the owners have been trading for 15 years in the town, moving from smaller premises in the High St to this newly renovated premises 10 years ago This well presented and popular restaurant was opened by the present owners 10 years ago, and although the business is thriving and enjoys a strong reputation it is time for the business to be passed on to a new enthusiastic "Foodie" entrepreneurs.

INTERNAL DETAILS
The Restaurant:
There are 28 covers in the restaurant, and a takeway counter accessed from the entrance, for customers in a hurry.

LICENCE
The property has a Premises Licence granted by the relevant local authority. It is a requirement of the Licencing Act 2003 that properties retailing alcohol have a designated premises supervisor who must be the holder of a Personal Licence. Prospective purchasers are advised to take the appropriate specialist advice.

FIRE RISK ASSESSMENT
We have assumed that a suitable and sufficient Fire Risk Assessment has been carried out. Under the Regulatory Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are five or more employees, the property is under enactment of a licence or where an alteration notice has been served.

SERVICES
Mains water, electricity, gas and drainage are available. None of the services, including heating, plumbing or electrical systems (nor appliances) have been tested by the Selling Agents.

LOCAL AUTHORITY
East Suffolk District Council, Marina, Lowestoft, NR32 1HH Tel
Rateable Value - £6,700

EPC
EPC Energy Performance Certificate is Band B (50)

BUSINESS
This well presented and popular restaurant and takeaway.
The business currently is open 5 days a week, and the restaurant is open from 08.00-14.00, for breakfast and lunch, with scope for later opening times.
The owners have also promoted evening events such as theme nights private parties and take always   This part of the business has great opportunities to double turnover with alcohol license and expansion of major developments in the local area in the near future
This is a popular and ready to go investment opportunity.

TRADING INFORMATION
Sales for the year end 31st January 2022 showed a turnover of £78,748 (exc. VAT) which has seen a year on year increase with a very strong and improving net profit.

PRICE
Offers are invited in the region of £30,000 for the lease and business. (All kitchen appliances and fixtures & fittings are included, however the stock is excluded and will be valued at the time of sale)
The lease for the business is for 10 years, at a rent of £12,000pa, payable monthly in advance.


LEGAL COSTS
Both parties are to pay their own legal costs incurred in this transaction.