Wood Fired Pizza Takeaway in East London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, EAST LONDON

Turnover £ 8,000
Price £165,000

Features

Well Established Wood Oven Pizzeria

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 750 ft² WITH ELECTRIC SHUTTERS AND DOUBLE DOORS, sales counter, touch screen cash register, Ben & Jerry's Ice Cream display freezer, Coca-Cola fridge, Wood fired pizza Oven, refrigerated making table, stainless steel extractor unit, preparation table, 2x double door fridges, 2 (3 meters deep freezers), additional Ben & Jerry's Ice Cream display freezer, Dough mixer etc.

Stock room
2 Sheving units

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. 75 % DELIVERIES

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - THURSDAY 3pm - 2am
FRIDAY & SATURDAY 12 Noon - 4am
SUNDAY 12 Noon - 2am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2019 with reviews every 4 years (next review 2027) at a current rent of £21,000 p.a.

Business Rates from April 2023 £2,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2013, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 incuding STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote