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Pizzeria And Deli In Leeds For Sale

Leeds, West Yorkshire
Asking Price:
£50,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£160,000
Net Profit:
Under £50K

A fantastic business opportunity brought together by the owners of another successful restaurant on the same shopping parade in Oakwood, Leeds.

Pizzeria And Deli has been trading for 10 months and since then has undergone a huge transformation to produce a modern, eclectic & stand out pizza business. It currently operated as a cafe & deli but during the end of August. beginning Sept the venue was closed for a refurbishment and re branded & re launched as a pizzeria with a cafe/ deli.

There are 2 options for the business.
The following figures are based on current labour costs, C.O.S, fixed overheads. over a 12 month period.

Option 1. Investment only. Labour 42% / C.O.S 23%/ Overheads 22% Net Profit 13%
Option 2. Owner run. Labour 25% / C.O.S 23%/ Overheads 22% Net Profit 30%

The business is trading, over a 12 month period, at an average 3k per week (around £160,000 per annum, with forecasts of 165k for year 2.)

The business has huge potential to increase turnover over the next 2-5 years and the honest & slightly difficult sale of the business is only due to the owner wanting to spend the next few years with his young children, before they start school.

The pizzeria is the main area of sales & profit margin; with core product quality at the root of the success so far. Stone baked, fresh, hand rolled dough, the best plum tomatoes & fior di latte mozzarella.

The branding is unique and the styling also focusing on fun & families.
Oakwood, Roundhay has a fantastic mixed demographic so the potential for this business is huge, situated on the edge of Roundhay Park, Europe's largest Urban park hosting Ed Sheeran this year, World Triathlon series and many more events.

There is a great & loyal customer following already & a bigger push on marketing, which there has been non so far will help to increase the potential of the business. It offers eat in, take out & a thriving delivery service and again, this hasn't be touched as far as marketing so the potential over the next few years is huge.

The business currently has 9 years left on the lease but the landlord is happy to re negotiate a new lease for the new owners making it a smoother & less complicated sale.

The business has A3 planning consent already & an alcohol licence.

If interested please contact the seller through the form on this page.

Property information

Property:

Leasehold

Lease Terms:

9 years left yet a new lease can be negotiated with the landlord

Leasehold Rent:

£17,000 per annum

Location:

Prime high street location next to a post office and branded pub chains.

Premises Details:

The business is on the ground floor of the building with front & rear access. Half the premises is customer facing, the other half is private with working kitchen & storage/ toilets etc

Planning Consent:

A3 granted

Business Operation

Expansion Potential:

The front of the unit has potential for bi folding windows to open up the front, outside seating area, which is part of the lease.

Competition / Market:

There is an 35 year plus, long established Italian restaurant on the same parade but the customer demographic is very different.
Other cafes are present on the parade yet pose no other real competition.

Reasons for selling:

The owner has chosen to spend the next 3/4 years with his young children ( 1 & 2 years of age) before they start school.

Trading hours:

9am - 10pm Monday - Sunday

Employees:
5
Years established:
1

Other Information

Support & training:

1 month full time handover would be offered plus 1 extra month of available support.

Furniture / Fixtures value:
£30,000 - included in the asking price
Inventory / Stock value:
£4,000 - included in the asking price
Website:
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Related Documents:

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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