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Property Listing Details

Restaurant/cafe for sale

St Ives Pizza Company, Unit 7c, Penbeagle Industrial Estate, St Ives TR26

£49,950

Features

  • Well established pizza takeaway & delivery business
  • Sought after coastal location
  • Consistently increasing sales
  • Offered by way of the assignment of the existing lease
  • EPC (tbc)

Description

A well established pizza take-away and delivery business in the sought after coastal town of St Ives.

Location

Penbeagle Industrial Estate is situated on the outskirts of the sought after harbourside town of St Ives, which is considered to be one of the county's premier holiday destinations with its fine beaches and eclectic mix of shops and restaurants. St Ives enjoys high levels of visitors and holiday makers throughout the year with a substantial uplift during the main summer season.

The Property

Extending to approximately 580 sqft the business occupies a two storey unit and comprises a takeaway area to the ground floor with well equipped theatre style kitchen and wc and storage area to the first floor.

The Business

Originally established in 2013, the St Ives Pizza Company has been in our client's tenure for the past 3 years and is concerned with producing freshly made artisan pizzas for takeaway and delivery.

The business trades all year round opening 3 to 4 evenings a week from 5pm to 9pm during the majority of the year and opening up to 7 evenings a week from 5pm to 9.30pm during the summer season.

The business is operated with the assistance of 2 part time staff, however, it is considered that for a husband and wife team only 1 part timer would be required even in the height of the season.

For further details regarding the trading hours and menu please visit our client's website

The trading accounts for the past 3 years show a consistent increase in sales year on year and accounts for the year ending 31st March 2017 show sales of £79,176 with an impressive gross profit margin of 77%. After making the usual adjustments to allow for a husband and wife team in operation and "adding back" the depreciation costs, the adjusted net profit would be in the region of £29,614.

The Accommodation Comprises

(all areas and dimensions are approximate)

Large picture window to the front elevation with inset door to:-

Main Takeaway

5.61m x 4.29m. Large built-in servery with glass roll fronted display chiller, Frampton International pizza oven, large stainless steel triple fridge unit, Lec undercounter fridge, electronic till, range of base units with 1 ½ bowl stainless steel sink, Blizzard upright glass fronted fridge, Meiko eco style dishwasher, wall mounted stainless steel hand sink, 2 stainless steel work benches, dough roller, commercial non-slip floor.

Inner Rear Lobby

Door to:-

Staff Wc

Low level wc, wall mounted wash hand basin, laminate floor.

First Floor

5.65m x 5.25m. Window to side elevation, laminate floor.

Delivery Vehicle

The business sale includes the sign written Chevrolet Matiz (2007).

Tenure - Leasehold

The business is offered for sale by way of the assignment of a 20 year lease which commenced 25th February 2013 at a current passing rental of £6,600 per annum with a break clause in February 2023. The Lease is to be excluded from within the Security of Tenure Provisions of the Landlord & Tenant Act 1954 Part II Sections 24-28.

General Information

Local authority
Cornwall Council
General Enquiries Planning

Energy Performance Certificate

The Energy Performance Rating for this property is to be confirmed.

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Business Rates

We are advised that there are no business rates payable.
We refer you to the government website .

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: South West Water: Transco:

Stock

To be taken at valuation.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact either:-
Graham Timmins on or via email or
Paul Collins on or via email or
Beverley Northey on or via email

Plans: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

Agents note: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial llp registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial llp is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial llp. VAT Registration No.

viewing: Strictly by prior appointment through Miller Commercial.

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • St Ives Junior School 0.4 miles
  • St Ives Infant School 0.4 miles
  • St Ives (Cornwall) 0.8 miles
  • Carbis Bay 1.4 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Miller Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Miller Commercial for full details and further information.