Leasehold Convenience Store & Pizza Takeaway Located In Water Orton

Leasehold Convenience Store and Pizza Takeaway Located In Water Orton
(A5 Consent) and Off-Licence
Self Contained 3 Bedroom Accommodation Above
Ref 2260

Location
This delightful Convenience Store and Pizza Takeaway business is located in Water Orton, Warwickshire. Positioned within a densely populated residential housing estate with plenty of parking and gives easy access to the A446 which connects to the A452, M6 and M42 Motoringways.

Asking Price £84,950 plus SAV

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Convenience Store and Pizza Takeaway business which is located in Water Orton. The business has been established for over 30 years as a convenience store and has been in the careful hands of my client since 2009. Pizzas were introduced back in 2013 and the business is now being offered for sale so that they can have a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures and 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. Lifestyle Express is partly owner operated along with a team of 4 part time staff members. The convenience has an average weekly turnover of circa £5,000 and retails a range of groceries, frozen foods, beers, wines, spirits, soft drinks, tobacco products, newspapers, greeting cards, confectionery, toiletries and ice creams. Services include The National Lottery (£500 pw) and Payzone (£400 pw). The pizza takeaway has an average weekly turnover of circa £1,750 and serves pizzas, kebabs, chicken nuggets, chicken wings, peri peri chicken, wedges, fries, salads, coleslaw, garlic bread, dips, ice cream and drinks. Just Eat counts approximately 50% of the income with the remaining 50% via their own website and telephone orders. It would be fair to say that 90% is delivered out and 10% is collection. The property provides a nice three bedroom family home which is in good condition and benefits from a good size garden. We believe that there is further potential to increase trade by expanding upon the current opening times of the pizza takeaway and by leaflet dropping. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a business with further growth potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Opening Hours
Convenience
Monday - Sunday - 10.00am - 10.00pm
Pizza takeaway
Monday - Sunday - 4.00pm - 10.00pm

Leasehold
Council lease (currently 3 month rolling)
New lease available (Term negotiable)
Rent: £6,800 plus VAT pa
Rates: zero
Council tax £890 pa

Ground Floor
Retail comprising: sales counter with cash register (Casio) EPOS system, tobacco kiosk, cold food display cabinet, microwave (Ide Line), ice cream fridge, double door drinks fridge, 2 x chest freezers, 2 large multi deck drinks chillers, news and magazine shelves, sales and display shelves and 2 x central display isles.
W/C with hand wash basin.
Office with desk and chair.
Stock room with double door fridge (Polar), 3 x chest freezers and storage shelves.
Kitchen/takeaway comprising: 20€ belt pizza oven (Zanolli), extraction unit, char grill (Unique), dual deep fat fryer (Buffalo), kebab rack, 2 x stainless steel work tops, stainless steel sink drainer, 3 x wall mounted metal shelves, pizza topping fridge with 3 door under counter fridges, microwave (Ambiano). The walls are partly lined with stainless steel wall cladding.

Accommodation
Self contained side entrance door leading to hallway with stairs leading to the first floor

First floor
Double bedrooms x 3
Lounge
Kitchen with sink drainer, wall and base units
W/C
Bathroom with bath and wash basin

External
Rear yard with wooden storage shed and parking for (1)
Front off road parking for (5)

The property benefits from CCTV 10 camera system, intruder alarm, electric roller shutters to the front and rear, double glazing and electric storage heating.

 

EPC Rating D