Thriving Pizza House In Guildford For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £312,000 with a 78% gross profit (see financial summary below).
- A business with great potential as planning permission has been granted to extend the service area and kitchen.
- Good loyal well trained staff.
- Business enjoys superb local reputation.
- The concern provides takeaway pizza and chicken menu with home delivery.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Pizza House which has been established since 2009. The business has been in the hands of the current owner since 2009 and now wishes to sell due to other business commitments.

Staffing
The concern employs 9 staff members, both full and part time.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
As far as competition is concerned there are takeaway food businesses nearby.

Market
The client base consists of locals and phone orders.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with local and internet advertising.
• Increasing the product line to include Chinese and India food.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

PROPERTY DETAILS
The property is terraced, part of a parade of shops and is approximately 23 ft x 80 ft. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is conveniently laid out.
To the rear is a walk in fridge and freezer. There is a large store shed, a fully fitted commercial kitchen and a large pizza oven.
There is a toilet, staff facilities and a further small store room.

EXTERNAL
To the rear yard that hold walk in fridge and also a freezer.

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £80,000.

FINANCIAL DETAIL
The present annual turnover is £312,000 with a gross profit of 78%. The present value of the stock is £1,500.
The potential turnover of the business within the next 2 years is forecast to reach £520,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 8 years with 2 years remaining. The rent is £17,500 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £6,000 but could be subject to discount.

Leasehold rent:

£17,500 pa per annum

Location:

- Situated on the main road area of Guildford.
- Part of a parade of shops with other takeaways.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Area enjoying much growth and re generation.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 23 ft x 80 ft. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is conveniently laid out.
To the rear is a walk in fridge and freezer. There is a large store shed, a fully fitted commercial kitchen and a large pizza oven.
There is a toilet, staff facilities and a further small store room.

EXTERNAL
To the rear yard that hold walk in fridge and also a freezer.

Size in square feet:

23 ft x 80 ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with local and internet advertising.
• Increasing the product line to include Chinese and India food.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there are takeaway food businesses nearby.

Reasons for selling:

Owner wishes to sell due to other business commitments.

Trading hours:

Monday to Sunday: 11.00 am – 11.00 pm.

Employees:

The concern employs 9 staff members, both full and part time.

Years established:

Established since 2009

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£80,000 (included in the asking price)

Inventory / Stock value:

£1,500