Ref 6964 – Leasehold Newly Fitted Café/Takeaway Blacks Brokers are pleased to bring to the market this leasehold Italian café/takeaway located close to the town centre of Didcot, Oxfordshire. Introduction
Pronto Pizza and Pasta was established by our client in this affluent area of Didcot in December 2018. The business offers a wide range of Italian cuisine and has quickly become very well known. It has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Trip Advisor and Just Eat. Location
Pronto Pizza and Pasta occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples such as Barclays Bank and Boots. There are also a number of schools and large housing estates nearby. The area is well linked by the A34 with strong public transport links and parking is available in the surrounding area. Reason for sale
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level. Lease
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2018 at a cost of £288 per week. Staff
The business operates with two members of staff in employment this includes a delivery driver. Our two clients also have involvement in the administration side of the business. Financial details
Pronto Pizza and Pasta has traded solidly since opening and our client is working hard to ensure a wonderful first year of trade. The business has a projected annual turnover of £70,000 and projected gross profit of £23,000. Full financial information is available upon request. Business rates
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable. Summary
This is a newly established yet well known eatery which occupies a superb trading position and has a strong base of regular customers in place already. There is plenty of scope to develop the business further with the introduction of a new online ordering service, new menu choices, larger delivery round or instead of accommodation have additional seating within the first floor. 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. Business: £40,000.
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