PIZZERIA -EST 20 YEARS

BUSINESS DETAILS:
LOCATION

The pizzeria is ideally located on a main shopping parade situated on the outer edge of a pedestrian area of an affluent town in Worcestershire. Other major retailers include Marks and Spencer, House of Fraser, Debenhams, various banks and many more, who all contribute in attracting large footfall levels to the area. The area benefits from a high level of visitors, both business travellers and tourists.

A large pay and display car park is only approximately 100 yards from the premises.

Nearby towns include Droitwich, Worcester and Great Malvern. The area is accessed by the M5 motorway at junctions 6 or 7.

THE BUSINESS
Advent Business Sales are pleased to have been instructed to offer to the market this extremely well established pizzeria, which has been trading for almost 20 years.

Founded in 1989 and owned by our client since 2003, the business is only now being reluctantly offered for sale as he wishes to retire.

The business is currently run under management with part time involvement from the owners.

They have an extensive menu of pizza, pasta and salads, which are all freshly prepared and cooked on the premises and enjoyed in a relaxed atmosphere.

In addition, they offer a wide range of vegetarian dishes and are able to accommodate most dietary requirements including gluten/wheat free.

The restaurant also has a ‘house specials’ selection, which is rotated every 7 to 10 days to ensure a varied menu is maintained. It holds a restaurant licence offering fine wines and beers together with a selection of soft drinks and coffees.

This large café style pizzeria has 50 covers on the ground floor and 60 on the first floor and benefits from high level of repeat trade.

For special occasions/parties up to 50 people can be catered for. They also offer a takeaway and home delivery service via a third party contract.

The business employs 3 full time and 2 part time staff, as well as 6 students who each work 2 shifts waiting on the tables. They achieve excellent net sales of circa £315,000 per annum with a gross profit of approximately 63%.

We are advised that stock at cost is approximately £10,000.
REF: 9098WR

TRADING HOURS
Mon-Sun: 12 noon – 11pm

EXPANSION POTENTIAL
Whilst clearly already a successful pizzeria, the business still offers good scope to increase both sales and profits in the future by:
1. Expanding the a la carte meat and fish options, which would compliment the existing menu.
2. Breakfast /coffee shop openings
3. Complete the conversion of the attic space to form a very large 2 bedroom, 2 bathroom apartment, which could either be let out or form a new owners accommodation.
4. A new owner working full time in the restaurant could save on wage costs

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

Annual sales: £315,000
Gross Profit: 63%

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
Extensive property arranged over 5 floors which briefly comprises of:

Large Basement
With 5 storage areas, electric vented cooling fan, 2 large commercial freezers, 3 upright freezers, a fridge freezer, soft drinks, carbonation and pumping equipment

Ground Floor
• 50 cover restaurant with ceramic tiled floor, marble ‘trattoria style’, tables with sturdy beech café chairs
• Open main kitchen with quarry tiled floor
• Equipment includes: 3 deck Tom Chandry pizza oven, double under counter stainless steel fridge, 2 industrial stainless steel microwaves, 2 single fridges, 6 burner top range
• Coffee bar with servery counter area
• Disabled w/c with baby changing facilities
• Rear prep kitchen with quarry tiled floor – equipment includes: double door polar stainless steel fridge, 6
shelf stainless steel upright freezer, Maidaid glass washer, whirlpool ice making machine, Maidaid commercial ‘pass through’ dishwasher, stainless steel work surfaces, shelving and sink combination unit.

First Floor
• 60 cover restaurant with ceramic tiled floor, marble ‘trattoria style’ tables with metal framed rattan café chairs
• Male and female w/c’s
• Bar with serving area
• 2 reception sofas
• Single drinks fridge
• 6 shelf upright wine cooler

Second Floor
• Office
• Staff w/c
• Laundry room/staff changing room with washing machine and tumble drier
• Self contained 3 bed apartment – master is en-suite, fully fitted kitchen/diner with oak kitchen units, lounge, bathroom, gas central heating

Third Floor
• 7 rooms partly converted to first fix wiring and plasterwork. Could form 2 bed/2 bathroom apartment
TENURE: Leasehold
Original lease: 25 years
Remaining lease: 5 years
Review every: 5 years
Rent: £37,000 P.A.

We are advised that the annual business rates are currently: £15,020