Historic Little Italy Pizza Shop & Eat-In Seating

Asking Price$195,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$350,000

Inventory$5,000
Not included in asking price
FF&E$175,000
Included in asking price
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Historic Little Italy Pizza Shop & Eat-In Seating


Asking Price$195,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$350,000

Inventory$5,000
Not included in asking price
FF&E$175,000
Included in asking price

Seller Financing Available
Business Description
ESTABLISHED PIZZA RESTAURANT AND GELATO SHOP - CLEVELAND, OHIO

This turnkey food service establishment represents a rare acquisition opportunity in Cleveland's historic Little Italy district. The business has maintained continuous operations for 19 years under current ownership, establishing a solid foundation of operational excellence and customer loyalty.

BUSINESS OVERVIEW:
The restaurant specializes in traditional pizza offerings complemented by premium gelato service. The facility maintains exceptional cleanliness standards and operates as a full-service establishment with dine-in seating capabilities. Current operations run on a limited weekly schedule, presenting significant expansion potential for new ownership.

OPERATIONAL CHARACTERISTICS:
- 19-year established operating history
- Turnkey business model with existing systems
- Dual revenue streams: pizza service and gelato sales
- Dine-in seating capacity for on-premise consumption
- Event hosting capabilities generating additional revenue
- Established walk-in customer base
- Strategic location in Cleveland's Little Italy neighborhood

MARKET POSITION:
The establishment has developed recognition for premium gelato offerings within the Cleveland market. The traditional pizza concept serves a diverse customer demographic through both casual dining and event services.

GROWTH POTENTIAL:
Current limited operating schedule presents immediate expansion opportunities. The established customer base and operational infrastructure provide a foundation for increased service hours and enhanced revenue generation under new management.

OWNERSHIP TRANSITION:
Retiring ownership after nearly two decades of successful operation. All operational systems, equipment, and customer relationships transfer with the sale, ensuring business continuity and immediate operational capability for the acquiring party.

This represents a unique opportunity to acquire an established food service business with proven market presence and significant untapped potential in a desirable Cleveland location.
About the Business
Years in Operation
17
Employees
6
Currently Relocatable
Yes
Facilities & Assets
Outstanding layout featuring a walk-in counter that serves pizza by the slice, gelato, and more. The restaurant and bar accommodate 50 guests and hold D-5 & D-6 liquor licenses. Upon entering this establishment, you will feel as though you are stepping onto a movie set.
Market Outlook / Competition
Normally the pizza market in Cleveland is pretty fierce however this is a very niche market. This particular shop has a very large draw to both seasoned clientele and a very large young crowd.
Opportunities for Growth
Extended hours are essential, and we should capitalize on liquor sales, especially with the variety of wine selections available.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,650
Rent
$2,400.00 per month
Lease Expiration
7/31/2029
About the Sale
Seller Motivation
Retirement
Transition Support
The owner will train.
Financing Options
Seller will consider a small amount of carry-back.
Listing Info
ID
2342293
Listing Views
1660

Contact Seller

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Business Listed by: Richard Farina Business Solutions

Listing ID: 2342293 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. See our full Terms of Use. Learn how to avoid scams.


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