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Leasehold Pizza Takeaway And Restaurant Located In Penzance For Sale

Penzance, Cornwall, UK
Asking Price:
£69,950 Furniture / Fixtures included
Sales Revenue:
£87,779
Cash Flow:
Available on request

Leasehold Pizza Takeaway & Restaurant located In Penzance. Comes with further potential. Ideal starter business.

Veritas Business Sales are delighted to offer for sale this established Pizza Takeaway & Restaurant which is located in the Cornish town of Penzance. The business was established by our client 4 years ago and is now being offered for sale due to the owners desire to relocate.
Since ownership they have undertaken total refurbishment and invested in new equipment, along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated with the help of 1 full time and 3 part time members of staff and for year ending 5th April 2022 posted an annual turnover of £87,779.28 with a GP of £63,290.20 (72%) producing a healthy net profit. Totti serves a fine range of Italian classic 10 inch woodfired stone baked pizzas along with sides, coffee, soft drinks and homemade desserts. All of which can all be enjoyed in a relaxed and cosy atmosphere or simply taken away. All fayre is freshly prepared to order using only the finest Italian produce which has gained them a TripAdvisor certificate of excellence.
We believe that there is further potential to increase trade by extending upon the current opening times by opening lunchtimes as well as Sundays & Mondays, which currently they do not do. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

Term: 9 years
Remaining: 4 ½ years
Rent: £15,000 pa
Rates: £407.18 pa

Location:

This respected Pizza Takeaway & Restaurant is located in the perfect position in the seaside town of Penzance in the South West of Cornwall. Penzance remains one of the County’s most popular holiday destinations, being surrounded by stunning beaches along with many tourist attractions to include St Michael’s Mount, The Minack Theatre and Lands End. The main train line from London to the South West terminates at Penzance giving easy access to commuters from all over the country. The town has a population of circa 21,000 that increases immensely during the summer months.

Premises Details:

Ground Floor
Restaurant & takeaway (5.3m x 2.2m) comprising: 8 stools, various shelves and window breakfast bar.
Kitchen (5.2m x 4.8m) comprising: 4 ring cooker (Hotpoint), under counter freezer, under counter fridge (Zanussi), prep counter, 2 door drinks fridge (Polar), sink with drainer, espresso coffee machine (on lease with grinder Sanremo), pizza oven with utensils (Gozney), upright fridge (Polar) and stainless steel shelves.

Basement
Storeroom 1 (2.7m x 2.3m) with various shelves.
Storeroom 2 (2.8m x 2.8m) with various shelves, under counter fridge (Daewoo), under counter fridge, pizza dough mixer (Buffalo) and stainless prep table.
W/C (2.0m x 1.5m) with mirror and wash basin.

Energy Performance Rating:
E

Business Operation

Trading hours:

Sunday & Monday – closed
Tuesday – Saturday – 10:00am – 8:00pm

Other Information

Inventory / Stock value:
£1,000

Contact Veritas Business Sales

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