High Wycombe, Pepe’s Piri Piri
Description
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| Successfully trading for 2 years. Fitted out in December 2017 for £235,000 inc set up. T/O c.£10-12k weekly. |
Transaction
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Size
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| Business sale |
2,551 sq ft + |
Price
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Surveyor
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| Offers invited |
Krish Patel |
THE OPPORTUNITY
- Existing Pepe’s Piri Piri Franchise – one of the largest and strongest brands in the UK, now with over 100 stores nationwide
- Successful business trading at 38-42 Frogmoor, in High Wycombe town centre
- Business not affected – genuine sale due to relocation
- Extensive premises including basement (with further business potential) and rear access including parking
- 2,551 sq ft ground floor sales (restaurant and kitchen) plus 4,418 sq ft basement (not currently in use)
- Frogmoor is located adjacent to Chilterns Shopping Centre – anchored by
- Primark and Wilkinson
- Town catchment area of some 118,000 with a wider catchment of 162,000
- Trading commenced December 2017
- Long term lease 01.11.2017 to 31.10.2032 at a rent passing of £30,000 pax subject to a 5 yearly rent review pattern (copy lease available for review)
- All fixtures and fittings are included, along with the goodwill of the business.
- Fit out cost including franchise licence and planning £240,000
- Financial and trading details available on request
- Premium sought (enquire with the joint selling agents)
- Viewing strictly by appointment only via the sole agents – staff unaware
- EPC Rating – D84
KEY POINTS
- Successful brand and franchise, Pepe’s Piri Piri offering a turn key opportunity
- Potential to develop the business and increase turnover
- Strong central location in Wycombe town centre along a successful leisure pitch
- Lease until 2032 at a current rent passing of £30,000 pax
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