Leasehold Pizza Takeaway & Restaurant Located In Penzance
Google Rating 4.6 & TripAdvisor Rating 4.5
Instagram Followers 3,142
Ref 2669

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.

Leasehold Asking Price: £24,950 plus SAV (1,000)

Business Description
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.

Opening Hours
Sunday & Monday - closed
Tuesday - Saturday - 10:00am - 8:00pm

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

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.

EPC Rating E

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

No longer on the market

Takeaway

Features and description

About this agent

See more properties like this