Pizza takeaway in Birmingham Northfield with 2-bedroom flat included

Description

This is a leasehold sale of a pizza takeaway business in Northfield, Birmingham. The asking price for the leasehold has been reduced from £45,000 to £33,000 for a 5-year lease (extendable). Annual rent is £16,000.What you are buying for £33,000:* The business goodwill (brand, reputation, customer base, 12 years of trading history)* All fixtures and fittings* Fully equipped kitchen* Online presence and established delivery radius* The right to operate from the premises under the leaseFinancial overview (based on seller’s estimates):* Estimated annual turnover: £150,000* Estimated gross profit: £45,000Important: Gross profit is not net profit. From the £45,000 gross profit you would still need to pay:* Rent (£16,000/year)* Staff wages (if not owner-operated)* Utilities (electricity/gas can be significant for a pizza oven)* Business rates* Insurance* Ingredients and ongoing supplies* Accounting, maintenance, marketing, delivery platform feesAfter rent alone, gross profit would drop to around £29,000 before other expenses. Real net profit could be significantly lower depending on staffing and overheads. If owner-operated with minimal staff, margins improve.Additional value:* A first-floor 2-bedroom flat is included.* Potential rental income: £800–£900 per month (£9,600–£10,800 per year).If the flat is part of the same lease and can legally be sublet, that rental income could substantially offset the business rent. For example:* Rent £16,000* Flat income ~£10,000* Effective net property cost ~£6,000/yearThis makes the deal more attractive, but only if:* Subletting is allowed under the lease* There are no additional service charges* The flat does not require renovationStrengths:* 12 years trading history* Refurbished and ready to operate* Immediate trading potential* Established location with footfall and delivery market* Low entry price (£33k)Risks / things to verify:* Request last 2–3 years of accounts and bank statements* Confirm whether turnover is proven or estimated* Check electricity and gas costs* Confirm lease terms and break clauses* Confirm if the flat is legally rentable* Check food hygiene rating* Understand delivery platform commissions (Just Eat, Uber Eats, Deliveroo)Conclusion:The £33,000 is the price of the business (leasehold goodwill and assets), not the property. It could be a reasonable entry-level food business if the turnover is verifiable and the flat income is real and permitted. The key factor is whether the £150k turnover is supported by accounts.