Business for sale

Business description

LOCATION
Our client is conveniently located in a busy pedestrianised centre in the West Midlands. The business is in the town centre and benefits from its central location. The premises are surrounded by complimentary business such as Woolworths, Post Office, Greggs, Peacocks, a butchers, Iceland and Superdrug.

The central position ensures an extremely high footfall, which could be exploited to a much higher degree that it is at present.

The business is close to the M5 motorway and Birmingham.
THE BUSINESS
Advent Business Sales are pleased to offer to the market this extremely well established pizzeria, which has been trading successfully for the last 8-9 years.

The current vendor has only been in ownership for 6 months and is reluctantly selling due to problems in the family.

Even on reduced hours, the shop is turning over reasonable takings, which could be doubled if in the hands of a family, with day time trading and late openings.

The business offers a full range of pizza, for both take away and delivery (delivery has a radius of 4 – 5 miles).

Décor, fixtures, fittings and equipment is to an excellent standard.

The shop has a 4 screen computer touch ordering system for telephone orders. This not only speeds up orders but cuts out errors

The Perfect Pizza company issue details for making pizzas, as well as supplying frozen dough balls, ensuring a good standard of product and fillings, as well as profit margins for the owner.

The owner informs us that as long as an owner is hardworking and follows the guidelines, anyone can succeed with the right family backing.

Stock at cost is approximately £900.

This was originally bought as a family business and as such ran extremely well. This could happen again with the right hard working family commitment.

REF: 8953DY

STAFF DETAILS
The business employs 3 full time (inc owner, 3 part timers – as required and one self employed driver.

TRADING HOURS
Opening hours at present:
Mon – Wed & Sun:: 4.30pm – 11.30pm
Thurs -Sat: 4.30pm – 12.30pm

Allowed evening openings:
Mon, - Wed & Sun: 4.30pm - 1.00am
Thurs - Sat: 4.30pm - 3.00am
EXPANSION POTENTIAL
There is enormous potential:
1. Lunch time openings – there is a large industrial estate near by with a large car sales concern, lots of staff
2. Very large office complex together with local courts and East Midland call centre
3. Advertise week day openings
4. Later evening opening to take advantage of the late pub and club trade

FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Weekly sales: £4,100
Gross Profit: 65%

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.

BUSINESS PREMISES
Modern lock up ground floor premise with very large basement/delivery bay and briefly comprising of:
Ground Floor
• Single fronted, public area with comfortable seating
• Long counter with computerised ordering system
• Kitchen are, heated bag unit and pizza packing counter for deliveries
• Gas heated double conveyor pizza oven
• Refrigerated stainless steel pizza topping table with chilled back servery and refrigerated cupboards under.
• Passageway to basement
• Walk in refrigerator, staff table and pizza box storage
• Large chest deep freezers
• Pizza base make up area and wash up area with small hand wash sink
Basement
• As the shop is built on a slope, the basement is level with the delivery area
• The basement is almost as large as the shop and could possibly be sub let as ‘bulk buy’ storage area for a local shop
• Staff w/c and handwash
• Is used as a staff entrance
• Delivery bay
• Leads to staff car park


TENURE: Leasehold
Original lease: 6 years
Remaining lease: 5 years
Review every: 5 years
Rent: £12,000 per annum

We are advised that the annual business rates are currently: £2,830