42 Church Place , "VERONA PIZZERIA" Lurgan , BT66 6EU

Additional Information

Business description
This independent pizza restaurant and carry out has been established for over 15 years and specialises in quality food currently targeting evening trade.

The business is well established with an excellent reputation and is based in an enviable town centre location attracting a large amount of new and repeat business from the local area.

Successfully established as a quality restaurant the experienced staff offer friendly, personal and professional service to their customers, with every effort made in order to satisfy the customer’s individual requirements.

With an excellent reputation and large customer base there are numerous opportunities for expansion awaiting the successful buyer.

Customer Service:

The owner has built a reputation based on excellent customer service and attention to detail.

Key Strengths:

A prestigious location in a busy town centre has been a key advantage in securing business. The site experiences a large amount of passing trade. Good products and service are both elements in the success of the business but an ideal location has maximised the effect of these factors.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Martin Anderson Property & Mortgages.

Property information:
Situated in a town centre location the leasehold shop premises are welcoming and well fitted.

Leasehold Lease terms:

Annual rent of £13,500
Annual rates of £7,000

Business Operation / Expansion potential:
Further broadening of the product ranges will create opportunities for increasing revenue. In addition to this, extending the opening hours will present immediate possibilities for generating new business without the need for any significant outlay. The shop is ideally located and has been proven to capture a large amount of business from passing trade. Projections for future business are strong, the current owner has advised potential profitability could be doubled by a new owner with energy and enthusiasm.

Competition / Market:
Much of the turnover has been gained as a result of passing trade and subsequent word of mouth. To date the owner has spent limited money on marketing, concentrating on periodic local paper advertisements. Renewal of the drinks licence would be a valuable asset in attracting new business and there is no doubt that turnover and profits could increase using this additional attraction.

Reasons for selling:
Retirement

Trading hours:
Tuesday – Sunday: 5.30pm – late

Employees:
Two part time staff are employed at all times,

Year established:
1984

Other information / Support & training:
The current owner is prepared to provide training and handover to the new owners to make certain the excellent name and trade of the business continues.