Restaurant/cafe for sale in Station Road, Stansted CM24

£149,950
Restaurant/cafe for sale
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Property description

Business
Please quote reference B06055

Hilton Smythe is delighted to present to the market Pino Pizza and Grill House, a dual day and evening café/pizza & takeaway business opportunity.

The ‘Turn-key’ business first established at the station in 2015 and subsequently sold to our client in 2020, who is now looking to sell due to a new business opportunity taking him back to central London.

Pino Pizza and Grill house offers any new owner the opportunity to run a busy commuter coffee/café business and day/evening made to order pizza takeaway/home delivery.

Café takeaway – there is a small area to sit down inside the unit with the addition of some outside seating in the summer however majority of the sales are derived from commuters and those working/flying from nearby Stansted airport. The menu includes –


  • Hot bean to cup coffees/hot chocolates/teas

  • Large range of cold drinks

  • Breakfast rolls

  • Snacks, biscuits & crisps


The pizza/grill menu is available to enjoy on site, order and takeaway or order online for home delivery –


  • American Pan Pizza

  • Wraps

  • Kebabs

  • Burgers


The current delivery area covers 10-11 miles from the station.

Many similar takeaway businesses in the area close at 10pm which allows this business to pick up a significant increase in orders from 10pm to midnight.

This area includes many hotels due to its close proximity to the airport and our client has established an excellent relationship with both the Holiday Inn and Premier Inn hotels, Remada Hotel and also the Airport Lodge.

The first-floor area includes 3 x separate bedrooms with a shared kitchen and bathroom – this space is currently let out at £1,000 pcm.

Key selling points –


  • 5 star rated TripAdvisor reviews – noted as Outstanding!

  • 5-star customer review feedback on Food hub

  • 4.8/6 rating on Just Eat

  • 4 star rated from Google reviews

  • Only late evening delivery business in the area

  • Opportunity to add a dessert menu – separate delivery menu

  • Opportunity to increase the freshly made daytime sandwich menu

  • No business rates

  • Reduced business rent

  • Price includes a £6,000 bond held with Landlord

  • Only business of this type on the station

  • Very high margin business model


Very rarely to business types of this standard and location come on the open market, we therefore recommend very early enquiry to avoid disappointment.

Location
Pino Pizza and Grill occupies a highly enviable trading position at Mountfitchet Train Station in Stansted Mountfitchet, Essex.

This is the only available unit at the station which is located just one stop up from Stansted Station/Airport.

The desirable village is located near the Hertfordshire border and just 35 miles north of London.

As a result, this is a key commuter area for both professionals working in central London and those people working/travelling from Stansted Airport.

There are 3 x parking spaces located outside the business included (1 of which had previously been rented to private commuters).

There is also an ncp car park located just a few minutes’ walk from the station with 63 spaces, available.

Premises
Ground floor –


  • Small customer sitting area

  • Under stairs storage cupboard

  • Toilet

  • Service counter – includes pizza area and order delivery points

  • 1st kitchen/prep area with coffee making area

  • 2nd kitchen room with dishwashing facilities

  • Storeroom


First floor – *** accessed by private front door


  • 3 x double bedrooms

  • Shared bathroom

  • Shared kitchen


External –


  • Car parking for 3 x cars

  • Outside storeroom

  • Small space for tables/chairs


List of equipment included (£15,000 - £20,000) -


  • Double pizza oven

  • Polar pizza toppings fridge

  • Polar salad fridge

  • Double sink

  • Good size canopy

  • Coca-Cola drinks fridge

  • 2 × 500L chest freezer

  • Two standing fridges

  • One standing fridge freezer

  • Dough machine

  • Coffee machine

  • Small fridges for chocolates drinks and sandwiches

  • Grill

  • Double fryer

  • Two steel tables



Tenure
We are advised that the business is being sold on a Leasehold Basis, with 6 years remaining on the 7 year lease. The rent is £1,100 per month and the business has £0 rates payable.

Hours
The business is currently trading (Covid Hours);

Monday – 4:00pm – 12:00am
Tuesday – 4:00pm – 12:00am
Wednesday– 4:00pm – 12:00am
Thursday – 4:00pm – 12:00am
Friday– 4:00pm – 12:00am
Saturday– 4:00pm – 12:00am
Sunday– 4:00pm – 12:00am

The business is licensed to trade from 6:00am to 12:00am

Staff
We are advised that the business has 3 full time and 4 part time members of staff.

Financial Profile
We are advised as per the 2020-2021 accounts, the business is projected to generate a turnover in the region of £250,000, with an adjusted net profit in the region of £50,000. Full financials can made available upon further request.

Please quote reference B06055

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For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (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 Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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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