Business for sale

Business description

Current sales approximately £3,500 pw
Town centre location
In same ownership since 1982
No deliveries. Gross profit of 54%
High quality establishment
Scope for further development

Situation
Brighouse is a popular West Yorkshire town approximately 5 miles southeast of Halifax, 14 miles southwest of Leeds and 30 miles east of Manchester. Due to its proximity to Junction 25 of the M62 the town has become popular with commuters working in the West Yorkshire and Greater Manchester conurbations. As a result, Brighouse has seen a number of its mills being renovated into loft-style apartments and house prices rising significantly in recent years. The thriving town centre has a good mix of national operators such as Woolworths, Wilkinsons, Tesco and Sainsbury's as well as independent shops.

The business is situated in the town centre on Bethel Street and is ideally located to attract workers, shoppers and evening trade from the numerous pubs and bars in the town. The business has the added benefit of on-street parking outside and the town's main pay and display car park at the rear of the property.

The property
A stone built 3 storey end parade property. The property benefits from a security system with alarm and cameras.

Internal details
Modern glass front with main entrance door leading to two service counters with glass displays below and customer waiting area to the front with two wooden benches, table and two chairs.

First floor
Stock room.
Cold room.

Second floor
Bathroom.
Stockroom.

Ancillary areas
To the rear of the service counters are two kitchen areas comprising of stainless steel prep areas, 2 gas Zannussi 10 grid ovens, table top chip fryer, Jura Bean to Cup coffee machine, electric griddle, chest freezer, bottle cooler, 2 upright freezers, pizza prep station, 2 microwaves, food prep machine, stainless steel sink and cash register till.

The business
Mr Pizza was established by our client in 1982 and operates as a high quality hot food takeaway specialising in pizzas, jacket potatoes, burgers and salad bar. The food is only delivered over the counter and turnover could be increased further with the introduction of a doorstop delivery service.
The owner has spent a great deal of time and effort in growing the business and has built up a fantastic reputation from both residents and businesses in the town.
The business is now being reluctantly offered for sale due to retirement.
The business would ideally suit an experienced restaurant or takeaway operator looking for an opportunity to buy an established quality operation with potential to introduce a delivery service and extend the menu and opening hours.

Trading information
Trading and profit and Loss Accounts for the year ended 5th April 2007 show net sales of £162,816 a gross profit of £88,217 and an adjusted net profit of £32,000.

Trading hours
Monday to Saturday - 11am to 10pm.
Sunday - closed.
N.B the business closes for two weeks in the Summer and one week over Christmas.

Fixtures & fittings
All trade fixtures and fittings are owned outright.

Staff
5 part time members of staff.

Licences
The property has a Premises Licence granted by the relevant local authority. It is a requirement of the Licencing Act 2003 that properties serving late night refreshment, between the hours of 11.00pm and 5.00am, hold a Premises License.
The premises also has a licence for the sale of alcohol.
Prospective purchasers are advised to take appropriate specialist advise.

Fire risk assessment
In accordance with the Regulatory Reform (Fire and Safety) Order 2005, an adequate Fire Risk Assessment has been carried out where there are more than five people employed within the business.

Tenure details
The property is held on a 3 year renewable lease at a current rent of £10,000 per annum