High Wycombe, Pepe's Piri Piri - MBI Surveyors
16000
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High Wycombe, Pepe’s Piri Piri

Description

Successfully trading for 2 years. Fitted out in December 2017 for £235,000 inc set up. T/O c.£10-12k weekly.

Transaction

Size

Business sale 2,551 sq ft +

Price

Surveyor

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