Prominent Town Centre Trading Location
Projected Turnover (2018/19) £143,000
Projected Gross Profit (2018/19) £62,000
Inside Seating for up to 15 People
Bustling Shopping Parade
Family Run Business Run by Owner and One Other
Own Professional Website For Online Sales
Potential To Introduce 'Just Eat' & 'Hungry House'
Potential For Coffee Shop/ Day Time Opening
Free Parking In Immediate Area
EPC - D
Blacks Brokers are pleased to bring to the market this leasehold takeaway and pizza business located in Stoke-on-Trent, Staffordshire.INTRODUCTION
Various Pizza has been trading on Heathcote Street since March 2018. Previously a takeaway business has been trading from this location for the past two decades. Our client acquired the business and upgraded the building and relaunched it in 2018. The business has generated a huge amount of goodwill and has an enviable reputation within the local area. LOCATION
Situated on Heathcote Street the business benefits from a heavy footfall in this busy location as it is just off the A50. REASON FOR SALE
This opportunity has become available due to our clients travel plans and family issues and therefore this has created an exciting opportunity to acquire this family run business. LEASE
The building is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The lease has a ten year term and this commenced March 2018 with rent reviews every three years. The current rent is £12,000 per annum which represents excellent value for such a prime location property. BUILDING LAYOUT AND DESIGN
The property stands on a corner location and has a smart exterior with striking signage. The lease covers the ground floor only of the property and whilst there is accommodation above this is not part of this proposition. The shop front has shutters and is fully alarmed. The shop is positioned on a busy junction next door to Barclays Bank and this certainly adds to the busy footfall of the location.
Once inside, the store is well laid out and has a clean crisp feel. Our client has created a shop fit that maximises all the available space within the building. There is a customer serving area to the front with seating for up to 15 customers. To the rear of the shop are staff toilets and a kitchen area for staff comfort. STAFF
This is a family run business that is supported one additional member of full time staff. FINANCIAL DETAILS
Currently the business is trading strongly and can show consistent figures over the past few months. Since the takeaway opened in March 2018, the sales have projected Turnover of £143,000 (2018/19) with a projected Gross Profit of £62,000 (2018/19) BUSINESS RATES
The business currently benefits from Small Business Rates Relief. SUMMARY
This is a family run business that has been trading consistently over two decades. Our client has been in ownership since 2018 and over that time has enjoyed sales from repeat custom, referrals and word of mouth.
The business has a website that handles all online sales thus eliminating the need for Just Eat and Hungry House.
The business offers a great deal of potential for new owner, due to its exceptional location offering a coffee shop service during the day would be an excellent opportunity to exploit as there is no competition in the local area.
This very well respected business presents an excellent opportunity for a new owner operator to enjoy and develop. Early viewings are advised as an speedy completion is anticipated. Fixtures:
32"" Marshall Oven
Hot Plate Grill
There is also £9;000 worth of additional fixtures and fittings listed below which are currently kept in storage at present and included in the sale.
Henny Penny Chicken Machine
Doner warmer x 2
Double chip fryer
Monday 4.30 - 11.00
Wednesday 4.30 - 11.00
Thursday 4.30 -11.00
Friday 4.30 - 11.00
Saturday 4.30 - 11.00
Sunday 4.30 - 10.30
£231 Per Week