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WE ARE INFORMED the turnover averages £3,100 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 65% approx. Please note the purchase of this business is subject to entering into a Franchise Agreement, full details available on request.
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
SINGLE FRONTED PREMISES with tiled floor and tiled walls. Refurbished approx. 3 years ago. Counter, electronic cash register, upright glass fronted drinks display fridge (on loan from Coca Cola).
Open plan kitchen with CTX electric 2-deck pizza oven, refrigerated making table, walk-in coldroom, upright stainless steel fridge, double sink and drainer etc.
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by a husband and wife team with the assistance of 4 full time and 3 part time staff.
The accommodation in the form of a SELF CONTAINED FLAT over, is at present let on a shorthold tenancy and provides a rental income of £320 per month, however, we understand that vacant possession can be given on completion if required. The accommodation comprises:
Large double bedroom with lounge area
Shower room with shower, w.c. and wash hand basin
Fully fitted kitchen
Outside
Garden
Garage at rear used for storage and with 4 chest deep freezes plus 2 fridges
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £600 p.a. approx. (after small business relief)
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 21 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
