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High Quality Pizzeria & Grill In Tourist Town

Skipton, North Yorkshire

£300,000 +SAV

Ref: 12343

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Description

Hilton Smythe is delighted to welcome to the market Oakley`s Grill and Pizzeria. The business was originally established in 2009 by our clients who have run this restaurant to a very high standard. The owner is now looking to sell the restaurant, due to the desire relocate abroad. This is a specialist restaurant serving excellent quality foods and pizzas. The business has an outstanding reputation in the area for the great tasting food. They offer a generous menu with tasty Italian classics such as pastas, pizzas and risottos, each come with the option of sides and extras. The business is run from a beautiful premise perfect for the trade. The restaurant is set upon three floors with approximately 140 covers. There are great views of the canal from the main seating areas making this a relaxing place to eat. We are advised by our client that there are occasions when tables need to be booked two weeks in advance. The restaurant is very popular and promotes an enviable reputation. This reflects in the turnover generated each year. According to accounts year ending March 2015 the turnover is approximately, £604,000 per annum with a gross profit of 53%. Our clients advise that the turnover is increasing year on year. One way we feel the new owner could boost turnover would be to open longer hours. By offering breakfasts and light lunches the business could benefit from some extra trade daily. The restaurant currently opens in the evenings during the week and lunches and evenings over the weekends. Offering themed nights throughout the week would be a great way of boosting repeat trade. On the second floor there is a large room which is used for dining and private functions. Our clients don’t charge for hiring the room and can provide a personalised service for their customers. The room has many bookings but could be promoted more on free social media sites such as Facebook and Twitter. The business already has a great online presence, on review sites such as TripAdvisor. They have over 250 excellent reviews from very happy customers. This is a fantastic opportunity not to be missed. We highly advise the purchaser must have experience in the trade, in order to run this business to its full potential. Hilton Smythe advise early viewing to take in the full extent of the business.

Tenure

Leasehold

We are advised the business is Leasehold.Original lease length: 10 yearsLeft on the lease as of 2016: 3 years, new lease available. Review period: 3 yearsRent: £25,000 per annum

Hours

The business is open- Monday - Friday: 5pm – 9pmSaturday: 12pm – 10pmSunday: 12pm – 8pm

Staff

The business is run by our clients and managed by staff. There are currently 9 full time and 16 part time members of staff.

Financial Profile

According to accounts year ending March 2015 the turnover is approximately, £604,000 per annum with a gross profit of 53%.

Location

Oakley`s Grill and Pizzeria is located in Skipton, North Yorkshire. The business lies in the beautiful town centre of Skipton. The area is filled with an array of businesses, which receive huge amounts of trade from tourism each year. Skipton hosts market days every Monday, Wednesday, Friday and Saturday’s. The markets have been held in the centre of the town, since the Medieval times. The markets are filled with many stalls that line the cobbled streets, all off the main roads and paths. The markets bring in a large amount of footfall each day and are very popular with the locals. The area offers a range of activities and events for tourists, such as boat trips around the canals, shopping in the many retail outlets, to scenic walks through this historic town. However, there is also the option to relax and take in the atmosphere of this bustling town, by enjoying one of the areas many pubs and restaurants. There is a great range of eateries to accommodate all tastes. Skipton is approximately 50 minutes from Leeds City Centre and just over an hour from York and Manchester. The area has many bus stops dotted around, each within an easy walking distant from the business. Skipton train station is also close by.

Premises

The business is set within the conservation area of Skipton and is located on an old cobbled street. The front of the property is well presented with two large arch windows and a light clean stone finish. Ground floor-The entrance leads down to a reception area with EPOS till and booking centre. To the left is a seating area for approximately 12 covers. The owner has kept most of the original features, such as the York stone flooring. The working grill kitchen is located on this floor and hosts stainless steel double sink, gas fryer, gas range oven, 2 large pizza ovens, pizza preparation area with 12 large topping sections, work bench and cooling trays. There are a further 3 microwaves, large stainless steel preparation areas, adequate storage underneath, utensils pots and pans. Fridge freezers and fridges. First floor-To the left are the stairs which take you to the first floor, large eating area which has around 90 covers. This floor hosts another reception desk with the booking software and till point. There is a separate area which hosts 2 large specialist coffee machines. The décor is fantastic with beautiful wooden tables and chairs. The original wooden flooring, old beams and beautiful windows have been kept. Second floor-On this floor is a further 32 covers. The large bar area host beers, wines and spirits with glass washer, till, chillers and soft drink dispensers. There is a large landing with seating around and there are gents and ladies toilets. To the rear of this floor is a large storage area, including a large chest freezer. There is also a large walk in fridge and large stainless steel workbench. The premise is secured with a burglar alarm and a fire alarm which have been recently fitted. There is a car parking space included in the sale.

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