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Established Since 2015
Annual T/O £275,600
Gross Profit £185,000
Full Franchise Support
Scope to Open Later
EPC - D
REF 5817 – Leasehold Pizza Takeaway Franchise
Blacks Brokers are proud to bring to the market this leasehold pizza takeaway franchise located in the much sought-after area of Lytham St Annes, Lancashire.
Papa Johns Pizza has been trading on Wood Street since 2015 and during that relatively short trading history, it has firmly established itself within the local community, earned an exceptional reputation and gained a large and loyal customer base.
Located on Wood Street in the town centre of St Annes, there are many High Street multiples nearby plus attractive independents. The ever-popular beach and promenade are also very close by. The area attracts huge visitor numbers as well as an excellent residential population.
REASON FOR SALE
Papa Johns Pizza is only being offered for sale due to a change in our client’s personal circumstance.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 15 years with rent reviews every 5 years. The current lease began in 2015 at a cost of £15,000 per annum.
BUILDING LAYOUT AND DESIGN
Papa Johns Pizza is housed within an attractive, mid-terraced retail unit with off street parking directly outside. The business is branded with the franchise standard “Papa Johns” signage and is very well presented and welcoming.
Inside, there is a spacious, modern customer servery and waiting area with open plan kitchen behind. The kitchen is very well equipped with pizza ovens, walk-in chiller, freezers, work benches and despatch stands. To the rear is a private office, preparation area and storage room. The unit also includes ladies and gentlemen’s toilets and a large cellar used for storage.
An enclosed recycling and refuse area is positioned to the rear of the property.
All areas are immaculately presented and all fixtures, fittings and equipment were new as of 2015.
Papa Johns Pizza is currently operating with five, full-time members of staff and fifteen, part-time members of staff in employment.
Financial details are available upon a viewing of the business and Papa Johns Pizza has traded solidly over its trading history. The business generates weekly takings of £5,300 with gross profits of 69%. The franchise fees are 5% royalty and 5% from turnover for contribution to marketing. The initial franchise set up fee of £18,000 is not included in the business sale asking price.
This leasehold business offers a new owner an exceptional opportunity to acquire a newly set up and well-presented franchise business with excellent reputation and customer base already established. There is plenty of scope to develop the business further and there are even more income opportunities through introduction of local offers and incentives, along with later opening. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Mon - Sun - 12pm - 11pm
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