Pizza Shop in Essex For Sale

Shopping precinct, prominent trading position, residential, office and commercial area, Essex.

Turnover £ 7,900
Price £135,000

Features

Pizza Restaurant & Takeaway

5 STAR HYGIENE RATING

Double FRONTED PREMISES in the region of 1,115 ft² with tiled floor, LED panel lights, sales counter, EPOS till, tables and chairs providing seating for customers, CCTV system. Tables and chairs providing seating for 18 People

Open plan kitchen area with Italian stone bake oven with internal capacity of up to 24 pizzas and approx. 6 minute cook time, refrigerated pizza prep stations, dough fridges, Deep Fryers, Hot Rack and additional commercial catering equipment.

Preparation kitchen with further fridges, freezers, deep freezer, dough mixer, milkshake blender, additional prep space and storage.

Staff toilet with w.c. and wash hand basin.

Frist floor in the region of 260 ft² with Storerooms, large walk-in freezer and Fridge

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,900 p.w. with a Gross profit of 69% to 72% approx.

Staff

The business is at present operated by 2 full time & 3 part time staff plus 5 drivers.

Trading Hours

7 Day week
MONDAY – SATURDAY 3 p.m. - 10.00 p.m.
SUNDAY 3PM- 9.00 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 3 years (next review 2027) at a current rent of £14,500 p.a. + VAT.

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

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 67,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote