Price Reduced Pizza Restaurant
| Asking Price: | $139,000 | Inventory: | $2,500 ** |
| Gross Revenue: | $448,000 | Real Estate: | n/a |
| Cash Flow: | $100,000 | FF&E: | $125,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Excellent Profitable Pizza Restaurant with Pizza, Pasta, Veal, Chicken and Seafood dinners. Sales have increased from $5K/week in 2006 to $9K/week in 2009. The restaurant decor is excellent with a newly remodeled dining room. The menu has been expanded over the past 3 years to include grinders and gourmet pizza as well as many new dinner entrees. Owner has other situation and is highly motivated.
About the Business
Year Established:2006
Employees:7 full time -
Facilities:1,600 square foot Italian Pizza Restaurant in small shopping plaza. Well equipped for take-out and dining in. Excellent parking. Rent $2,542/month. Good lease in place.
Market Outlook and Competition:Although this business has grown from $266K in 2006 to $449K in 2009 (projected), further growth is possible via additional in-store focus and delivery. 10-20% increase per year is possible. While there are other pizza places in town, this is one of the best, located on busy Route 1. The recent focus on dining via a pasta and grinder menu has resulted in sales growth in the past 3 years.
About the Sale
Management Training and Support:Owner will remain to train for 30 days, 15 days on premises and 15 days via telephone, all at owner's expense.
Reason For Selling:Personal family situation is motivating seller to spend more time at home and to work only part-time.
Seller Financing:Owner will finance with $50K cash down.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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