Trescott Road, Northfield

Property Description

Elite Sales and Lettings are please to offer this very competitively priced running Pizza takeaway business situated in a predominently residential area on a local parade next to a school and a convenience store. The property has good passing tradr and a regular customer base and is offered with all the equipment fully fitted in a very presentable condition.

The business comprises a 2 storey building with the takeaway at the bottom and a 2 bedroom flat above access separately from the door on the side. The flat has a lounge, kitchen, 2 bedrooms and a bathroom. The takeaway is accessed from the street via a shop front doorway and has a till area, leading to a fitted kitchen with pizza making machine, Tandoor, Sinks, Freezer, Kebab machines, Frying machines, microwaves and various other equipment relevant to the trade along with staff toilets.

Lease

The business is offered on a remaining 13 year lease on a full repairing and insuring basis at a rental of £1208.33 pcm (£14500 pa). However the 2 bedroom flat upstairs accessed separately is let out at the moment producing a rental income of £500pcm (£6000 pa). Therefore the net rent payable for the business is actually £708.33 pcm (£8500 pa)

Business History

The takeaway has been established for a number of years and has been run by the present owner for about a year who is selling due to a change in profession and took it on to assist the previous owner who was a relative. I am advised that the current takings are around £900 per week however the reason for this is that they have not been able to committ to the opening times due to personal circumstances. The previous owners and indeed the current omners have not so long ago achieved weekly takings of £2500 to £3500 when they had committed to the opening times.

The businesss runs from 4.00pm to 11.00pm 7 days a week. However with the opening hours changed to 12.00pm to 11.00pm it could easily increase the takings to capture the local passing trade from the parade and the primary school next door. In addition to this if the menu was changed along with local advertising this could also see a very quick rise in takings. I um advised that the bulk of business at the moment is from deliveries so there is huge scope to tap into the passing trade to increase this further.

Rent & Terms

The business is offered oa a 13 year lease with a 3 month rent period. The rent including the flat above producing £500 per month is £1208.33 per month

The Good will for the business, including all fittings and equipment is £17000 however all sensible offers close to this will be considered.

I understand that there may also be some scope for the present owners to offer training leading to a formal handover.

This is a very affordable first business opportunity for someone starting off or already in a similar business with lots of potential to grow and develop the business.

For viewings and all enquiries please contact our offices and we would be delighted to help and offer our services.