Right Owner Can Make A Lot Of Dough With Pizza And Pasta Restaurant
Location: Georgia > Metro Atlanta
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $185,000
Gross Revenue: $421,141
Cash Flow: $57,648
Cash Flow Comments: SDC F
Inventory: $2,500 (Included in Asking Price)
FF&E: $100,000 (Included in Asking Price)
Seller Financing: $110,00 down with $75,000 @ 5.75 % over 10 years with 3 year balloon.
Business Summary
This family pizza and pasta is an established family friendly restaurant in metro Atlanta. Population is currently just over 200,000 with over 45,000 in the 3 mile radius surrounding the restaurant. The restaurant opened in early 2003 and quickly became a popular location for local residents looking for quality pizza, fresh made pastas, salads, beer and wine. The current owners purchased the business in April, 2005. The restaurant had hit a low point in sales and reputation, but still had a loyal following that they felt they could build upon. They knew that they could offer better quality and higher service levels than the previous owner. They concentrated on revamping the menu using recipes from our previous years of experience in the restaurant business. In addition, they worked diligently to provide higher levels of service to their guests. They were able to increase sales from just under $30,000.00 per month to more than $50,000.00 per month in the first year of ownership. As further evidence of their efforts their restaurant received an award in 2006. Anchored by a high volume grocery store, the center has provided steady increases in business and a very high level of satisfaction for their guests. The new space is just over 4,900 square feet, and has a separate bar and private dining space which they use for special events. These popular events bring significant additional revenue to the business. A savvy entrepreneur could grow the business substantially by focusing on catering, To-Go orders and possibly adding delivery service.
About the Business
Year Established: 2003
Employees: 6 full time - 11 part time
Facilities: 4,960 sq. ft. at $8,267/mo.; 5 yr. lease with 5 yr. option; Owner can give back 1,600 sq. ft. during December 2008 and have rent reduced pro rata.
Market Outlook and Competition: Competition: This restaurant has the highest quality products in the area. *** Growth and Expansion: More marketing. Visiting schools, churches, sports leagues, etc.
About the Sale
Management Training and Support: Seller will give 3 weeks transitional assistance.
Reason For Selling: Family health reasons.

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Listing Tools
BizQuest ID:907624
Seller ID:10400696
Business Listed By
Name:Loren Marc Schmerler, CPC, APC
Company:BOTTOM LINE MANAGEMENT, INC.
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