Restaurant for sale

Market Jew Street, Penzance TR18

Leasehold Pizza Takeaway & Restaurant Located In Penzance
Instagram Followers 4,800
Google Rating 4.8
Licenced
Ref 3111

Asking Price £49,950 plus sav (£500)

Location
This respected Pizza Takeaway & Restaurant is located in the perfect position in the seaside town of Penzance in the Southwest of Cornwall. Penzance remains one of the County's most popular holiday destinations, being surrounded by stunning beaches along with many tourist attractions to include St Michael's Mount, The Minack Theatre and Lands End. The main train line from London to the Southwest terminates at Penzance giving easy access to commuters from all over the country. The town has a population of circa 21,000 that increases immensely during the summer months.

Business Description
Veritas Business Sales are delighted to offer for sale this established Pizza Takeaway & Restaurant which is located in the Cornish town of Penzance. The business was established 7 years ago and has been in the hands of our client for the past 18 months, the business is now being offered for sale due to unforeseen personal family reasons.
Since ownership they have undertaken total refurbishment and invested in new equipment, along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated with the help of 1 part time member of staff and for year ending 24th April 2024 posted an annual turnover of £177,000. Pizza Plz serves a fine range of Italian classic 10 inch woodfired stone baked pizzas along with sides, coffee, soft drinks and homemade desserts. All of which can all be enjoyed in a relaxed and cosy restaurant or simply taken away. All fayre is freshly prepared to order using only the finest Italian produce which has gained them a Google rating of 4.8 and over 4,800 Instagram followers.
We believe that there is further potential to increase trade should you wish, by expanding upon the current opening times and opening at lunchtime, as well as opening on Mondays & Tuesdays during the busy summer season. Also joining the online delivery portals such as just Eat and Deliveroo would dramatically increase revenue. The business already enjoys a strong reputation within the local community and beyond for quality of food and as such has a high level of regular repeat trade along with many visiting tourists. This is a superb opportunity to purchase a readymade business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Wednesday - Saturday - 17:00 - 21:00
Sunday, Monday & Tuesday - closed

Leasehold
Term: 10 year
Remaining: 8.5 years
Rent: £12,600 pa
Reviewed: 3 yearly
Business rates: Zero

Ground Floor
Restaurant & takeaway (5.3m x 2.2m) comprising: 14 stools with copper top breakfast bar, marble floor, gilt window advertising, various shelves and various pictures.
Kitchen (5.2m x 4.8m) comprising: Large projection screen, extraction fan, dishwasher (Hotpoint), espresso coffee machine (Francino), coffee grinder, gastro convection oven (Lincat), undercounter freezer, undercounter fridge (Zanussi), prep counter, 2 door drinks fridge (Polar), sink with drainer, pizza oven with utensils (Gozney), upright fridge (Polar, stainless steel shelves, tabletop oven (Lincat), undercounter freezer and large dough mixer.

Basement
Storeroom 1 (2.7m x 2.3m) with various shelves.
Storeroom 2 (2.8m x 2.8m) with various shelves, undercounter fridge (Daewoo), undercounter fridge, pizza dough mixer (Buffalo), stainless steel prep table, 2 undercounter fridges, meat slicer, 2 prep tables, drinks fridge and various shelving.
W/C (2.0m x 1.5m) with mirror and wash basin.

EPC Rating C