Further Information

Available electronically on request are: copy leases, licensing plans and where appropriate Goad Maps.

Excluded Items

Generally the premises are fully fitted out as branded Pizza restaurants. Excluded from the sale are: electronic tills, leased equipment (if any), beer dispense equipment (if any), on site computers, pizza oven, the Pizza Hut (trade name) and any associated Pizza Hut branded items, i.e., literature, menus, point of sale, etc.

Viewings

Customer inspections of trading sites are required after which formal inspections can be organised upon proof of funds.

TUPE

If any of the premises are sold to restaurateurs then the purchaser will be obliged to take on existing staff under TUPE.

Trade

Operating premises trade as nationally branded Pizza restaurants. No trade is sold or warranted.

Rent Deposit

Due to the strength of Pizza Hut's covenant as a tenant, most sales are likely to take the form of sublettings rather than leasehold assignments. Pizza Hut may however be prepared to allow prospective purchasers (sub-tenants) the option of taking an assignment of Pizza Hut's lease for nil premium at a future date once the purchaser's "credibility" has been established.

Buyers must be prepared to pay a rent deposit of 12 months rent in addition to the rent as security. This has been reflected in the guide prices.

Offers

nterested parties are invited to submit their best offer in writing to the relevant Fleurets regional office (see sales particulars) together with:-

  • proof of funding to cover (purchase price, capital investment, rent deposit and rent payable).
  • details of referees (if appropriate), landlord, 2 x trade, bank, accountant and lawyer.
  • brief details of the proposed use of and alterations to the premises.
  • experience and track record of the prospective purchaser to support the buyer's credibility.
  • any conditions attached to the offer.

VAT

All figures quoted in the sales particulars are deemed to be exclusive of VAT and VAT will be added where applicable. Similarly, unless otherwise stated any offer made will be deemed to be exclusive of VAT. In most cases the VAT charged is reclaimable. Prospective purchasers should consult their accountant for professional advice in this respect.

Contact

Please contact the Fleurets Regional office (see individual sales particulars) or Tahirah Sharif / Miles Brice.