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Ipswich café near Portman Road up for sale

News

Cool Beanz, a well-established coffee shop on Russell Road near Ipswich Crown Court, has been put on the market for £84,995 as the current owners are looking to pursue opportunities in different sectors.

The big picture: The café, established in 2013, serves a catchment of about 2,500 workers in the direct area. It offers a varied menu and provides external catering services.

Photo of Cool Beanz cafe
Cool Beanz is often used by Council workers as a meeting venueCoGoGo

Key details:

  • Located on Russell Road near Ipswich Crown Court

  • Established in 2013

  • Asking price of £84,995

  • Turnover of £212,000

Why it matters: The sale presents an opportunity for potential buyers to acquire a business with an established customer base and room for growth:

  • Introducing a full breakfast menu

  • Extending afternoon opening hours

  • Developing an online presence

Added benefits:

  • Premises used as a meeting room for council offices

  • Loyalty reward scheme for hot drinks

What they're saying: CoGoGo, the agency handling the sale, advises "early viewing to avoid disappointment."

The bottom line: While the business has shown year-on-year turnover growth, the current owners are selling to pursue opportunities in different sectors.

Council set to award up to £5.3m to undisclosed town centre regeneration projects

News

Ipswich Borough Council's Executive is set to approve grants worth up to £5.3m to revitalise empty spaces in the town centre.

The big picture: An independent expert panel has selected five projects to receive funding from the Town Centre Regeneration Fund, part of the Ipswich Town Deal.

  • The chosen projects will initially receive small development grants to test feasibility and costs.

  • After this stage, the panel will consider awarding larger grants for project delivery.

  • The selected projects have still not been disclosed to the public.

  • £5m remains in the fund for the council to bring other key buildings back into use.

A photo of The Botanist, a bar in Ipswich
The Botanist was one project funded by the Towns Deal fundOliver Rouane-WilliamsIpswich.co.uk

What they're saying:

Councillor Neil MacDonald, Ipswich Borough Council Leader, said: "There are some very exciting projects being recommended by the expert panel and I look forward to being able to reveal them when further checks have been made on their viability."

David Ralph, the Town Deal and Ipswich Vision Board Chair, added: "There were 21 applications to the Regeneration Fund and the best five have been selected by the expert panel. I look forward to the projects coming to fruition and helping Ipswich to thrive."

Why it matters: The Towns Fund programme aims to significantly improve the Ipswich town centre, building on previous projects such as The Botanist, Suffolk New College, and the University.

What's next: The Executive will meet on Tuesday 10 September 2024 at 6pm to discuss the grants.

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