Specialist Pizzeria in Whetstone For Sale

Situated in a parade, main road trading position, residential and commercial area, NORTH LONDON WHETSTONE

Turnover £ 5,500
Price £95,000

Features

Specialist Wood Burning Pizzeria Takeaway & Burgers (recently Introduced)

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 600 ft² with AWNING. CCTV (3 cameras). Laminate flooring, plaster board ceiling with spotlights. Customer waiting area with seating. Sales counter, EPOS till, soft drinks fridge.

OPEN PLAN KITCHEN. Stainless steel extractor, wood fired pizza oven, double basket deep fat fryer, single deep fat fryer, grill, microwave, dough mixer, dough roller, stainless steel top pizza topping fridge, refrigerated making table large upright single door freezer, 2 chest freezers with stainless surface, 4 fridges, single sink with drainer, wash hand basin, 2 stainless steel preparation tables.

Staff cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 1 full time chef plus the assistance of 3 part time drivers. We are informed the wage bill averages £1,400 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday - 12 noon - 9.45 p.m.
Friday and Saturday - 12 noon - 12 midnight

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat above, presently let on a shorthold tenancy providing a rental income of £1,200 per calendar month. The accommodation comprises:

1 Bedroom
Open plan kitchen / living space
Shower room with sink and toilet

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 18 years in 2021 with reviews every 4 years (next review 2025) at a current rent of £24,000 p.a. (As will be appreciated with the current rent of £14,400 from the flat, the net rent payable at the present time is only £9,600 p.a).

Business Rates from April 2022 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote