Well Equipped Pizza Franchise In Brierley Hill For Sale - West Bromwich, West Midlands, United Kingdom

Asking price: £60,000

Sales revenue: £175,000

Business description: Located in an outdoor shopping precinct in the town centre this Perfect Pizza franchise has an advised turnover of around £3,500 pw. It has recently been completely refitted to a high standard with a rent of £17,500pa and rates of £2,970pa.

Property : Leasehold

Location: LOCATION:The premises are located in a purpose built modern outdoor shopping centre in Brierley Hill, West Midlands along with such well known high street multiples as Boots, Iceland, Superdrug, Peacocks and most recently Woolworths. This is a town centre location and benefits from ample parking in the centre's own car park.BUSINESS:This is a PERFECT PIZZA FRANCHISE and we are advised that turnover, of which the majority is deliveries, is around £3,500 per week with excellent potential to increase. We are also informed that the average weekly supplies are in the order of £600 per week which would indicate a gross margin of around 80%.It should be noted that this is a franchise operation and we are informed that the franchise fee is now £8,000 as a one off payment and that the company takes a weekly admin/service fee equating to 9% of turnover.BUSINESS PREMISES:These consist of a single ground floor lock-up unit in a parade of similar commercial shops. It has a fully glazed frontage with glazed entrance door to the right which leads to a fully tiled sales area measuring 15ft x 10ft (150sq ft). This is equipped with three waiting chairs and a service counter with a computerised order system which includes two terminals and a server. A doorway to the right of the counter leads to the large kitchen/preparation area which measures 15ft x 47ft 3ins (706sq ft). This is fully equipped with a brand new double 32 inch gas conveyer Pizza oven with extraction over, two large chest freezers, two stainless steel preparation tables, a stainless steel sink unit and separate hand wash basin, an upright drinks display chiller and a ice cream chest freezer.In addition there is a large walk-in cold room measuring 7ft 6ins x 7ft 6ins (56sq ft), a new refridgerated preparation line unit with three refridgerated cupboards under, a labelling system and a new hot bagging system with 10 bags.A doorway from the kitchen leads to stairs down to the large basement area which measures 20ft x 46ft (920sq ft) and includes two wc's with hand wash basins. Doors lead out to the rear service area of the shopping centre for deliveries.It should be noted that the kitchen and sales area has been completely refitted with suspended ceilings and inset lighting, re-tiling to the sales area walls and UPVc cladding to the kitchen walls.(all sizes are approximate and should be considered 'nominal'.)Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.TENURE:We are informed that the premises are leasehold with 5 years remaining on the current lease and that the rent is £17,500 per annum.RATES:We are informed that the rates are £2,970 per annum which includes the benefit of Small Business Rate Relief.HOURS:Sunday - Thursday 4.30pm to MidnightFriday - Saturday 4.30pm to 1amWe are informed that it is possible to open until 1am in the week and to 3am Friday and Saturday.We are further informed that the vendor is currently seeking permission to open at lunchtimes which would further benefit trade.STAFF:The business is run by family members in the form of the vendor and three further members of staff. Three self employed delivery drivers are utilised and we are informed that the weekly wage bill is approximately £500.SERVICES:We understand from the vendor that all main services are connected to the property.GUIDE PRICE:The vendors have REDUCED THE PRICE and are seeking Offers In The Region Of £60,000 plus stock at valuation, for the Leasehold, business goodwill, fixtures, fittings and equipment, subject to inventory.