Oregano or Oregano Pizza is delight to introduce this fantastic Takeaway Restaurant for sale in North East of Coventry. Located at the heart of the City Centre Region where it benefits from busy High Street shops, bars and pubs, local school, university dormitory, and also Coventry university. This business is ideal situated opposite Old Bally Pub, Ladbroke and also B&B, also it benefits from bus stop outside the front of the restaurant entrance. This is a very spacious, well position Takeaway Restaurant situated in a very popular food location in close to the City Centre and Coventry University. The restaurant located on the main High Street facing off street and main street.
Area Description: Ball Hill is situated 2 miles away from junction 2 M6 North, 4 miles away from University of Warwick & Coventry Hospital, and also 1 mile away from Coventry University, less than mile away from Coventry City Centre.
Surrounded by a huge range of outlet from Privately owned to corporate multiples, the area attracts a huge passing custom and has fanatic links via Bus, Taxi, Cycle, footpath, plenty of Car Park for customer and staff. Business Premise Description: This family run business has been established 16 years ago and was owned since 2012, serving range of Italian Traditional food such as, Pizza, Pasta, BBQ, Wraps, Kebab, Salad, Burger, Samosa, hot & cold drink and more.
Recently has been fully refurbish after a huge lose from a fire that took place while ago and was close the business for 6 months. The business premise currently is license from 11am until 4am everyday days of the week as Restaurant Takeaway, Alcohol free.
The business premised also benefit from outside serving area (Shisha) and huge double front glass Turnover & Lease: At present the premise owned by single landlord for the flat above the restaurant and the business, but the asking price is not included the flat above the restaurant as it belongs to the landlord and currently is occupied. The flat can be used by business if required at a further cost which would require discussion with actual landlord.
The business currently running and has an average turnover of 120k annuals with the gross profit of 40-60%, which is weekly turnover of 2k to 3k sale. There is approximately 1 year left of a new 5-year renewable lease with rental figure of £1,180.00 pcm payable. Currently the Business rate is £0 pcm and £420 pcm for every 3 months for the blue bin and average of £200 pcm cost gas and £150 pcm electricity, £120 pcm insurance. The lease currently left 16 years which originally was 20 years, future new or extended lease is available at extra cost with discussion with the landlord.
Premium included all fixture and fixing and current stock in place which an asking price of 79,000 ONO. Price can be negotiated as close to the asking price.
* This specification has been prepared in good faith, however please take note that all and any services, equipment, fittings or heating systems have not been tested and no warranty is given that any are in working order.
All dimensions are approximate and buyers are advised to make their own enquiries as to the condition and measurements of any fabric of the property.
Business Premise Comprises; The premise comprises:
1) Customer outside seating area - Front of Shop facing High Street:
2) Customer outside seating area - Side of Shop Facing Clements Street
3) Inside customer Seating Area
4) Middle Shop Kitchen- Pizza Area
5) Main Kitchen – Kitchen Area
6) Centre Back of the Restaurant – Working area
7) Inside Storage Area
8) Sink and basin, Washing up area
9) Staff Toilet
11) Cold Room
12) Shade – storage area
Lease: 16 years. Full ready to move. Rates Payable (currently) £0 per year Rent: £14,160 per year Premium: £99,999