ASSET SALE Marblehead Pizza Concept/other $59k

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Asking Price:
$59,000

Gross Revenue:
$500,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

YOU SNOOZE-YOU LOSE! Deal is for the ASSETS & GREAT LOCATION!
You get to keep as many os the customers as you can! And
there's plenty of them.

TYPE OF BUSINESS: Italian, Pizza, Family Owned
Perfect Location for a BREAKFAST/LUNCH CONCEPT

LOCATION: Swampscott/Marblehead Area
Highly visible, Main St. location, plenty of street parking

SELLING PRICE: $59,000 FIRM
( a savings of $321,000 if you built it yourself) CASH DEAL
SALES VOLUME: $9,000 week now 90% Takeout No Delivery
LEASE: $1,214 plus NNN $599. YRS. LEFT: 5
Options 5+5
SQUARE FOOTAGE: 1027 sq. ft.

HOURS OF OPERATION: 11:30 a.m.-9 p.m. Daily
SEATING: 16 seats

COMMENTS: GREAT DEAL especially for a working owner. This beautiful build-out which cost almost $400,000 to build 5 years ago, is truly a Turn-key store, with excellent equipment and fully up to code. It is 1 of several restaurants owned by 1 family. They have become so busy that they are divesting of their stores that are not near their other locations.
Plenty of upside as a working-owner. Catering and delivering would be a strong plus to the bottom line.

Call or email Marie to view this location. 978-902-0350 ellesell3@gmail.com

About the Business

Year Established:
2013
Real Estate:
Leased
Building Sq. Ft.:
1,027
Facilities:
Turn key, very clean, up to code, great buildout,
Market Outlook/
Competition:
Well known brand with steady clientele , some competition in area
Growth & Expansion:
Excellent Turn key operation for an experienced Owner-Operator to build own brand! Add delivery to build profit.
Great location for Breakfast/Lunch concept
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About the Sale

Reason For Selling:
Owner has 14 units, divesting of units not close to majority
Training/Support:
Wrap up meeting !
Seller Financing:
Cash Deal Best Offer

Listing Info

ID:
1471288
Ad Detail Views:
309

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Business Listed by

Marie Feudo

New England Restaurant Brokers

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Sponsoring Broker:

Dennis Serpone
New England Restaurant Brokers

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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Essex County, MA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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