Hilton Smythe is delighted to present to the market Pizza Time (Portsmouth), a new and exciting pizza franchise opened by our client in 2019.
The exceptionally presented unit has undergone a complete transformation from its original state, which has included a significant extension to the rear of the property and complete upgrade to all areas of the interior space.
Our client invested over £150,000 to establish the complete franchise unit and due to family reasons is now simply looking to sell and retrieve the initial investment made.
The Pizza time business was established by two brothers who after 10 years of working in the city decided to take a different path and explore the opportunity of offering freshly made, restaurant standard pizzas in a fresh and vibrant takeaway environment.
The branded takeaway is bright and contemporary in its appearance; however it focuses on an authentic preparation process with 5 hours of daily preparation, hand making all pizzas with no machines or shortcuts. They strive to use locally sourced ingredients where possible and offer over 25 different pizzas!
The franchise will train and support any new business owner to enable them to succeed, in addition to the business support, there are excellent relationships in place with the supplier network to ensure consistent quality.
There are currently over 10 franchises in place which is increasing each month.
In addition to the large choice of made to order pizza’s, there is also a choice of classic side including - potato wedges, hot dog balls, mozzarella sticks, chicken wings, potato skins and loaded pulled pork nachos.
Desserts include Cadburys chocolate pizza’s, chocolate chip cookies, Ben & Jerry’s ice cream.
There is a large choice of family deals and combo saving offers throughout the week.
We are advised before the Covid lockdown period, the business was split 36% Takeaway and 63% Delivery and through lockdown 87% delivery focused. There is a very healthy mix of professionals and families in the Hilsea area who are attracted to many of the lunchtime deals and larger family deals in the evening.
All deliveries are managed in house with 4 employed delivery drivers in place.
Due to our client’s family commitment’s, he is currently only operating in the evenings however any new operator would look to increase the hours when all businesses are fully open.
Key Selling Points -
Fully equipped ‘Turn-key’ business opportunity
Growing turnover - forecast for £286,000 this year
Excellent reputation in the area
Business handover period offered
Excellent extended storage areas
Marketing plan in place
Over 2,000 customers on business database
25,000 business flyers
Trained team in place
Full sales forecast plan in place
Potential to achieve £25,000 per week
All equipment less than 2 years old
Expanding franchise model
The business is currently being run as a franchise; however any new owner will have the option to continue with the current franchise agreement or take on the business as an independent operator.
Very rarely do pizza takeaways of this standard or sales growth potential come onto the open market and we therefore recommend very early enquiry to avoid disappointment.
Location Pizza Time (Portsmouth) occupies a prominent trading position along London Road in Hilsea, Portsmouth.
This part of London Road (A2047) offers an excellent choice of food takeaway businesses, choice of barbers, a SPAR convenience store, framing business, florist and main post office. There is also a large NCP pay and display car park directly facing.
Hilsea is a very popular district of the city of Portsmouth and home to one of Portsmouth’s main sports and leisure facilities - the Mountbatten centre. Trafalgar is also in Hilsea.
London Road is the main bus route into the centre of Portsmouth and as a result enjoys a much heavier footfall.
The nearest mainline station is Hilsea, just 5 mins walk from the business unit.
London Road is connected to by the A3 link road which connects directly to the M275 and M27 motorways.
Full height windows to full width of shop front
Bright customer waiting area
Solid wood service counter with 2 x order points
Large open plan preparation area
Staff changing area/toilet facilities
Store room with large walk in chiller & freezer
Tenure We are advised that the business is being sold on a Leasehold basis, with 13 years remaining on a 15 year lease. The rent is £12,500 per annum and has £0 rates payable.
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