Restaurant/cafe for sale in Heathcote Street, Kidsgrove, Stoke-On-Trent ST7

£28,950
Restaurant/cafe for sale
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Property description

Blacks Brokers are pleased to bring to the market this leasehold takeaway and pizza business located in Stoke-on-Trent, Staffordshire.


Introduction


Various Pizza has been trading on Heathcote Street since March 2018. Previously a takeaway business has been trading from this location for the past two decades. Our client acquired the business and upgraded the building and relaunched it in 2018. The business has generated a huge amount of goodwill and has an enviable reputation within the local area.


Location


Situated on Heathcote Street the business benefits from a heavy footfall in this busy location as it is just off the A50.


Reason for sale


This opportunity has become available due to our clients travel plans and family issues and therefore this has created an exciting opportunity to acquire this family run business.


Lease


The building is available for rent on a Fri basis ( Full Repair and Insurance). This is the most common type of lease. The lease has a ten year term and this commenced March 2018 with rent reviews every three years. The current rent is £12,000 per annum which represents excellent value for such a prime location property.


Building layout and design


The property stands on a corner location and has a smart exterior with striking signage. The lease covers the ground floor only of the property and whilst there is accommodation above this is not part of this proposition. The shop front has shutters and is fully alarmed. The shop is positioned on a busy junction next door to Barclays Bank and this certainly adds to the busy footfall of the location.

Once inside, the store is well laid out and has a clean crisp feel. Our client has created a shop fit that maximises all the available space within the building. There is a customer serving area to the front with seating for up to 15 customers. To the rear of the shop are staff toilets and a kitchen area for staff comfort.


Staff


This is a family run business that is supported one additional member of full time staff.


Financial details


Currently the business is trading strongly and can show consistent figures over the past few months. Since the takeaway opened in March 2018, the sales have projected Turnover of £143,000 (2018/19) with a projected Gross Profit of £62,000 (2018/19)


Business rates


The business currently benefits from Small Business Rates Relief.


Summary


This is a family run business that has been trading consistently over two decades. Our client has been in ownership since 2018 and over that time has enjoyed sales from repeat custom, referrals and word of mouth.

The business has a website that handles all online sales thus eliminating the need for Just Eat and Hungry House.
The business offers a great deal of potential for new owner, due to its exceptional location offering a coffee shop service during the day would be an excellent opportunity to exploit as there is no competition in the local area.

This very well respected business presents an excellent opportunity for a new owner operator to enjoy and develop. Early viewings are advised as an speedy completion is anticipated. Business: £28,950.

Please quote ref: 6841

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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