Pizza Shop in Kingston Upon Thames For Sale

Situated end of parade, busy road, SURREY KINGSTON UPON THAMES

Turnover £ 6,000
Price £100,000 / £225,000

Features

Well Established Pizza Shop

The PIZZA SHOP occupies a double fronted corner position with tiled floor. The equipment includes counter, computer system for deliveries, 2-deck Blodgett pizza oven with conveyor belts, 3-door stainless steel refrigerated making table with refrigerated topping section, upright glass fronted ice cream display deep freezer, upright glass fronted fridge, walk-in coldroom etc.

Stairs to basement with 1 chest deep freezer plus 2 upright deep freezers

Staff toilet

Turnover

WE ARE INFORMED the turnover currently averages £6,000 p.w. in our opinion offering further potential to increase in the right hands. We understand the split of turnover is approximately £2,000 p.w. in respect of takeaway with the balance of £4,000 p.w. in respect of deliveries. Some of the deliveries come from Deliveroo & Just Eat.

Staff

At present operated by the vendor with the assistance of 1 full time & 2 part time staff.

Trading Hours

11.30 a.m. - 12 midnight seven days per week

Tenure

The vendor owns the long leasehold (83 years) property and subject to satisfactory references is prepared to grant a new 10/15 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafer every 4 years.

Uniform Business Rates: Nil payable after present after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

The vendor is prepared to sell the long leasehold property which we understand has approximately 83 years unexpired at nil ground rent.

PRICE TO INCLUDE THE VALUABLE LONG LEASEHOLD PROPERTY WITH NO RENT, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) £ 157,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote