Papa Johns Pizza Franchise in Hull For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, close to Stadium and Hospital, EAST YORKSHIRE. HULL

Turnover £ 8,500
Price £195,000

Features

Corner Premises Papa Johns Pizza Franchise

5 STAR HYGIENE RATING

DOUBLE FRONTED CORNER PREMISES in the region of 880 ft² with ELECTRIC SHUTTERS. Industrial non-slip floor, suspended ceiling with LED lights. Sales counter, EPOS till. LED MENU BOARDS & TV SCREENS, Pepsi fridge. CCTV system (7 cameras, 1 monitor).

OPEN PLAN KITCHEN. Stainless steel extractor unit, 2-deck pizza oven, ice cream freezer, fridge, track table, hot track, cut table, preparation table, refrigerated making table

Walk-in coldroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,500 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the Manager with 2 full time, 2 part time staff & 5 drivers

Trading Hours

7 Day week
MONDAY - FRIDAY 3.30 p.m - 11 p.m
SATURDAY & SUNDAY 11 a.m - 11 p.m

Outside

Parking space for 3 cars

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £9,500 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote