Leasehold Pizza Restaurant & Takeaway Located In Margate

Leasehold Pizza Restaurant & Takeaway Located In Margate
3rd Place In The National Pizza Awards 2021
Independent Delivery Service
A3 Consent (Licensed)
Ref 2808

Location
Veritas Business Sales are delighted to offer to the market this respected Pizza Restaurant & Takeaway which is located in the thriving seaside town of Margate, Kent. Situated within a prominent and highly visible trading position in the heart of the Old Town. Margate offers a variety of independent retailers, along with an abundance of bars & restaurants, all of which bring high levels of passing footfall to the area. Located just 250m from the Turner Contemporary and 100m from Margate’s Main Sands.

Asking Price £34,950

Business Description
Veritas Business sales offer to the market this outstanding Pizza Restaurant & Takeaway which is located in Margate’s Old Town. The business was established by our clients back in September 2019 and is now being offered for sale.
Since ownership they have totally refurbished, redecorated and invested in 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 a new owner with all of the essentials in place to hit the ground running. The business is owner operated with the help of 2 full time & 5 part time members of staff. The menu offers a fine range of homemade sourdough pizzas, desserts and a curated range of beers, natural wines, spirits and soft drinks. All fayre can be enjoyed within the unique (28) cover internal restaurant or outside (24) covers, take away and independent delivery.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times, days, joining the online portals such as Just Eat & Deliveroo and offering a breakfast/ brunch menu. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passing tourists in the bustling Old Town. This is a superb opportunity to purchase an established restaurant which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – Wednesday – closed
Thursday – 4:00pm – 7:30pm
Friday – 1:00pm – 9:00pm
Saturday – 12:00pm – 9:00pm
Sunday – 12:00pm – 3:00pm

Leasehold
New 10 year lease to be granted
Rent: £21,500 pa year 1 & 2
Rent: £23,000 pa year 3 & 4
Rent: £25,000 pa year 5 (option to break)
Business Rates: zero

Ground Floor
Restaurant including: Gosney brick oven with gas or wood burning option, extraction, marble pizza bench with 2 x door dough fridges, tables & chairs to cover (54), sales counter with wine fridge (Adexa), glass wash, EPOS till system, 2 door undercounter drinks fridges, glass shelves, worktop with wash basin, single head espresso coffee machine (Faema), coffee grinder and 4 chilled beer lines for craft beer.
W/C with wash basin and wall mounted mirror.

Basement level
Kitchen 2 x commercial dough mixers, 3 x sinks, grill, 4 x fridges, dehydrator, 2 x stainless steel preparation benches, electric hob, commercial can opener, hot tap boiler, wall mounted shelf, large stick blender, metal racking, microwave and insect zapper.
Storeroom chiller room for temperature controlled beer and wine storage, line chiller, 2 x freezers, commercial fridge and rack storage.
Office rack storage and CCTV controlling 4 cameras.
Hallway rack storage.
W/C with was basin and baby changing unit.
W/C with wash basin.


External
Frontage with external seating for (24).

EPC Rating E