Takeaways (Other) for sale in Lancaster

View the "HUGE Potential to Introduce Online Sales" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
View More
Leasehold Price: £54,950 Price Reduced Annual Turnover: £78,000 Gross Profit: £66,000 Annual Net Profit: £9,301
Request Details
Business Description
Current Annual Turnover £78,000 Over 4 days
Huge Potential to Increase Turnover with Online Sales
Free Parking Directly Outside
A5 & Alcohol Licence in Place
Currently Trading Limited House 4 Evenings Week
Scope To Re-Introduce Deliveries
Potential to Introduce JustEat or Hungry House
EPC - C
REF 6233 – Leasehold Italian Takeaway

Blacks Brokers are pleased to bring to the market this leasehold Italian takeaway located in a busy and much sought-after area of Lancaster, Lancashire.

INTRODUCTION

Pepe Rosso has been trading on Greaves Road for around twenty years with our client in ownership since opening. During that impressive trading history, it has firmly established itself within the local community. The business has an A5 and alcohol licence in place with licenced trading until 23:00 Monday to Saturday and 22:30 on Sundays. Pepe Rosso has a superb social media following of over 650 followers and excellent online reviews.

LOCATION

Positioned on Greaves Road, this business is close to Lancaster city centre and the University of Cumbria in Lancaster. This area is filled with student accommodation with other residential properties and many commercial properties. Lancaster is well linked by the M6, with excellent public transport links and free parking is available immediately outside the shop.

REASON FOR SALE

The business is only being offered for sale due to our client’s wish to retire.

LEASE

Our client offers a new lease with this business sale. The building will be available on a competitive rent on a Full Repair and insure lease (FRI lease). This is the most common form of commercial property lease. The new lease will be fully negotiated with the business sale, however it will be five years and will run at a cost of £150 per week.

BUILDING LAYOUT AND DESIGN

Pepe Rosso is operating from the ground floor of a spacious, terraced property within a busy parade of shops and other local businesses. The takeaway is well presented with bold signage displayed above a matching, glazed frontage and entrance. Inside, the customer servery and waiting area is also nicely presented with counter and display fridges, along with a drinks fridge and wine racking. To the rear of the counter is a well-equipped kitchen and food preparation area, with fryer, donner machine, pizza oven and much more. All fixtures, fittings and equipment are of high quality and in good working order. There is also a storage cupboard, cellar that is currently used for storage and staff toilet.

This business sale can include a 2002 Ford delivery van, if required – this addition can be negotiated with the sale.

There is private, tenanted student accommodation on the first and second floors of this property – these floors are not included in the new lease.

STAFF

The business is currently operating with our client in full-time employment, supported by two part-time members of staff.

FINANCIAL DETAILS

Pepe Rosso has traded solidly during the last twenty years. The business generates an annual turnover of £89,000 with gross profits of £66,000. Full financial details are available upon viewing. In recent months, our client has reduced opening days and hours to suit his lifestyle, a new owner could expand on these and boost takings further.

SUMMARY

This leasehold business is long-established and well-known in this popular student area with a large base of regular customers. There is plenty of scope to develop the business further by re-introducing deliveries – this was a lucrative service but has been recently stopped with our client’s decision to reduce opening hours. The opening hours and days can be expanded immediately, and the delivery service is in high demand. The business would also benefit from partnerships with websites such as Just Eat and Hungry House. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Display Counter

Under Counter Fridge x 3

Under Counter Freezer x 3

Chip Dumb

Fryer

Chargrill

Donner Machine

Pizza Oven

Stainless Steel Worktops

Pizza Prep Counter

Oven

Display Fridge New (1 week)

Shelving For Wine Bottles

2 Hand Basins

Delivery Van Available By Separate Negotiation
Trading Hours:
Mon - Wed - Closed
Thur - Sun - 5pm - 10.30pm

Tenure: Leasehold

Location Details: Lancaster

Leasehold Term: Rent: £150 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
* REQUIRED
*
*
*
*
*
*
*
*
*
Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?
You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.
Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
6233
Seller Reference:
You May Also Like...
loading... 
We use cookies to give you the best possible online experience. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. Find out more