Pizza Restaurant plus additional Pizza Takeaway in Portsmouth For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, HAMPSHIRE PORTSMOUTH

Turnover £ 17,500
Price £175,000

Features

Impressive Licensed Pizzeria Restaurant & Newly Fitted Pizzeria Takeaway

SHOP 1.
5 STAR HYGIENE RATING.

Great onlne presence with Number 1 Pizza Rated Restaurant in Hampshire

DOUBLE FRONTED PREMISES in the region of 3,150 ft² with DOUBLE DOOR. Woodstrip floor, ceiling with hanging and wall lights. Air conditioning with hot air throughout. BAR. EPOS till. Tables and chairs providing seating for 30 persons.

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

KITCHEN in the region of 775 ft² with fluorescent lighting. Stainless steel extractor unit, 2 3 phases Pizza Master stone deck, 3-deck pizza oven microwave, refrigerated making table, double door fridge, under-counter fridge, under-counter freezer, 6 stainless steel preparation tables, walk-in coldroom.

First floor in the region of 750 ft².

PREPARATION KITCHEN. Dough mixer, 6 stainless steel preparation tables, 2 sinks, walk-in coldroom, double door fridge, freezer, large dishwasher, stainless steel racking.

Toilet with w.c. and wash hand basin.

Stock room, walk-in coldroom, stainless steel double door fridge, stainless steel racking. Sink

Aditional Frist Floorin the region of 766 ft²

Office. Air conditioning with hot air.

2 Toilets with w.c. and wash hand basin
Staff Toilet with w.c. and wash hand basin

Storeroom, cupboard

Staff room with kitchen

SHOP 2.
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 980 ft². Industrial non-slip floor, suspended ceiling with spot and fluorescent lighting. Sales counter, EPOS till.

OPEN PLAN KITCHEN. Stainless steel extractor unit, Pizza Master stone deck Pizza oven (3-deck), microwave, large 5 door refrigerated making table, 6 stainless steel preparation tables, 2 sinks and drainer, sink. CCTV system.

Staff toilet with w.c. and wash hand basin

Preparation room, dishwasher.

Store room

Walk-in coldroom
Walk-in freezer

Store Cupboard

Turnover

Shop 1. WE ARE INFORMED by the owner the turnover currently averages £12,500 p.w. with a gross profit of 65% approx. (60% Deliveries)

Shop 2. CLOSED WE ARE INFORMED by the owner the turnover WHEN TRADING averaged £5,000 p.w. with a gross profit of 65% approx. (60% DELIVERY)

Staff

Shop 1. The business is at present operated by the vendor with 6 full time staff, 8 part time staff plus 6 drivers.

Shop 2. CLOSED

Trading Hours

Shop 1. 7 Day week
MONDAY - THURSDAY 4 p.m - 9.p.m
FRIDAY & SATURDAY - 12 noon - 10 p.m.
SUNDAY 12 noon - 9 p.m.

Shop 2. WHEN TRADING
WEDNESDAY & THURSDAY - 4 p.m. - 9 p.m.
FRIDAY & SATURDAY - 12 noon - 10 p.m.
SUNDAY 12 noon - 9 p.m
CLOSED MONDAY & TUESDAY

Outside

Shop 1. Rear yard with parking for permit holders.

Shop 2. Small yard

Tenure

SHOP 1. WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a 2 SECURE RENEWABLE leases from a private landlord, granted for 10 years in 2017 with reviews every 5 years (next review 2027) at a current combined rent of £38,000 p.a. plus VAT

Business Rates from April 2023 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

SHOP 2. WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 12 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £13,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASES, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUTION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote