Established Ready Set Up Pizza Business For Sale

Shanklin, Isle of Wight, UK

Asking Price:: Under £50K

Turnover:: Available on request

Net Profit:: Available on request

Prominent unit benefitting from a frontage of 10.7 metres (35 feet) to Shanklin's busy High Street and currently laid to cater for around 28 covers, which could be increased slightly, plus take-away /delivery business which has room for expansion. Please see floor plan overleaf for further detail. We understand that the premises benefits from being licensed for sale of alcohol. The mainstay of the business is the sale of Pizzas which are cooked in a traditional Pizza Oven, which when new, cost well in excess of £10,000 (including installation). This is supported by other catering equipment which provide other dishes including Pasta for the restaurant.

Property Information

Property:: Leasehold

Lease Terms:: New lease offered, with an ingoing premium of £7,500 for the benefit of the use of tall the equipment

Leasehold Rent:: £9,750 per annum

Location:: Located in the centre of Shanklin High Street adjacent to the recently created parking/square area which seems to have created a small hub in this part of the High Street now and is supported by many specialist retailers and eateries. It is also opposite the council owned long stay car park in Orchardleigh Road. Shanklin forms part of the Sandown-Lake-Shanklin conurbation with the sandy beaches and leisure offer of the area ensuring high numbers of visitors and tourists, boosting the local population of around 19,500.

Premises Details:: Prominent unit benefitting from a frontage of 10.7 metres (35 feet) to Shanklin's busy High Street and currently laid to cater for around 28 covers, which could be increased slightly, plus take-away /delivery business which has room for expansion. Please see floor plan overleaf for further detail. We understand that the premises benefits from being licensed for sale of alcohol. The mainstay of the business is the sale of Pizzas which are cooked in a traditional Pizza Oven, which when new, cost well in excess of £10,000 (including installation). This is supported by other catering equipment which provide other dishes including Pasta for the restaurant.